Pepe Price Prediction: Pepe Pumps 13% As Analysts Say This Meme Coin Rival Might Explode Exponentially

Pepe Price Surges 13%, Targets Bullish Rally

In the past 24 hours, the price of Pepe has experienced a 13% surge, reaching $0.00001170 as of 02:33 AM EST. This surge coincides with a 78% increase in trading volume, which now stands at $940 million.

Meme Coin Market Rebounds

The meme coin market has rebounded in the last 24 hours, with a 6% increase in market capitalization to $47 billion. Top meme coins DOGE and SHIB have also seen growth, rising 3% and 2% respectively.

Pepe Price Analysis

Pepe price has been trending down within a descending triangle pattern since reaching its all-time high (ATH) of $0.000017. However, the trend has narrowed recently, and open interest (OI) has increased by 17%, indicating that investors expect a breakout above the support level of $0.00001070.

Bulls have pushed the price above the 50-day Simple Moving Average (SMA), suggesting a potential rally. If the trend continues, Pepe may overcome the 200-day hurdle at $0.00001331.

The Relative Strength Index (RSI) has rebounded from oversold levels and is currently trading above the 50-midline level at 56, indicating that buyers are gaining momentum.

The Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing over the orange signal line. The green bars on the histogram extend beyond the neutral line, indicating positive momentum.

Pepe Price Prediction

The 4-hour chart shows a bullish bias, with bulls aiming to push the price above the descending triangle to $0.000020. However, if bears take control, the price could fall to the next support zone around $0.00000896.

Alternative Meme Coin: Pepe Unchained

As the Pepe price rises, investors are also purchasing its alternative, Pepe Unchained (PEPU), which has raised $620K in just a few days.

Built on its own proprietary Ethereum Layer 2 blockchain, PEPU aims to address scalability, speed, and efficiency issues faced by meme coins on the Ethereum Layer-1 blockchain.

PEPU holders can earn passively through staking, which offers an annual percentage yield (APY) of 3,700%. According to cryptocurrency experts, PEPU has the potential to surge significantly after its launch.

Interested investors can purchase PEPU for $0.008032 each through the official website using ETH, USDT, or a bank card.