Surge in Pepe Price Amidst Renewed Investor Interest
The Pepe price has witnessed a significant increase of 12% within the past 24 hours, reaching $0.00002094 as of 11:10 p.m. EST. This uptick follows a renewed influx of investors into the meme coin's market.
Technical Breakthrough Propels Pepe Price
Technical analysis reveals that Pepe has successfully breached a negative price channel and overcome a resistance level of $0.00001962. Should the meme coin maintain its position above this threshold for the next 12 hours, it may gather the necessary momentum to ascend to the next resistance level at $0.00002427.
In an optimistic scenario, Pepe's price could potentially surge as high as $0.00002867 within the upcoming days. However, a drop below the recently breached $0.00001962 mark in the next 12 hours could extinguish the bullish hopes of PEPE traders.
Technical Indicators Suggest Potential Reversal
Technical indicators associated with PEPE's 4-hour chart imply that the meme coin's price could continue to rise throughout today's trading session. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) exhibit bullish signs, indicating an advantage for buyers over sellers on the 4-hour chart.
While the probability of a price increase is elevated, the recent leveling off of the RSI line suggests that sellers are attempting to regain control. Additionally, the MACD line's narrow gap above the MACD Signal line signals the possibility of a bearish reversal in the near future.
Pepe Unchained (PEPU) Gains Traction as Layer-2 Rival
As the battle between bulls and bears rages on in PEPE's 4-hour chart, a layer-2 meme coin challenger named Pepe Unchained (PEPU) has garnered significant attention during its presale. Speculation surrounding potential listings on Coinbase or Binance upon its launch in 21 days has fueled this surge.
Pepe Unchained's Mission: Empowering Pepe
Pepe Unchained aims to liberate the beloved Pepe from the limitations of Ethereum's slow and congested legacy network. Through the introduction of a new Pepe token underpinned by its ultra-fast layer-2 blockchain, the project intends to enhance transaction speed by a factor of 100 and significantly reduce transaction costs.
Pepe Unchained's Ambitious Vision
In addition to providing Pepe's loyal supporters with a more efficient token, Pepe Unchained's network will serve as a breeding ground for the next generation of Web3 innovation. The team has initiated a developer grant program to support the development of cutting-edge applications on the Pepe Unchained blockchain.
PEPU's Promising Future
With its inherent appeal to meme coin enthusiasts and the latest developments surrounding the project, it is understandable why experts and analysts hold a bullish outlook for PEPU.
Investors Flock to PEPU Presale on Binance and Coinbase Listing Rumors
Pepe Unchained's presale has witnessed explosive growth, attracting over $40 million in investments. This enthusiasm can largely be attributed to the team's announcement of secured listings on tier-1 exchanges, including speculation of potential partnerships with Binance or Coinbase.
A listing on either of these platforms could propel PEPU's price to unprecedented heights, similar to the surge experienced by PEPE following its Coinbase listing last week.
Join the PEPU Presale Today
Investors seeking to participate in the PEPU presale before its exchange listings can do so through the purchase widget available on the project's website.
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