Pepe Price Prediction: PEPE Soars 9%, But Investors Are Flocking To This Layer-2 Pepe Derivative And Its 1,162% APY

Pepe's Price Soars Amidst Crypto Market Rebound

Pepe's price has surged 9% within the past 24 hours, reaching $0.00001198 as of 00:47 EST, amidst a 40% increase in trading volume to $504 million.

This surge coincides with a 3% upswing in the cryptocurrency market's capitalization, now standing at $2.33 trillion. The meme coin sector has experienced a 7% market cap increase, reaching $49 billion, with SHIB and DOGE, the top two tokens, both witnessing a 4% gain.

Pepe on the Cusp of a Bullish Breakout

Pepe's price has exhibited a strong uptrend since May, reaching an all-time high of $0.00001717. However, the bears have hindered the bulls from reclaiming this peak, resulting in a descending triangle pattern.

Investors have now orchestrated a breakout above the horizontal support line within the descending triangle's narrowing wedge. Pepe currently trades within the upper boundary of this pattern.

The 50-day Simple Moving Average (SMA) remains below Pepe's price, indicating an impending rally in the coming weeks. However, the 200-day SMA at $0.00001272 poses a potential resistance level.

Technical Indicators Flash Bullish Signals

The Relative Strength Index (RSI) has bounced off the 30-oversold level and crossed the 50-midline level. This positive momentum, combined with Pepe trading around level 54, suggests that the bulls may be gaining the upper hand.

The Moving Average Convergence Divergence (MACD) also paints a bullish picture. The MACD line (blue) has crossed above the signal line (orange), indicating a bullish crossover. The formation of green bars above the neutral line suggests that Pepe's price could be poised for a significant surge.

Pepe's Price Prediction

Pepe's price analysis suggests that investors are capitalizing on the RSI and MACD to initiate a rebound from the descending triangle. This rally could propel the token to a new ATH of $0.00001841.

Conversely, if the bears manage to regain control, Pepe's price could retrace to the $0.00001044 support level.

Pepe's Unchained Presale Surges Past $1.7 Million

Amidst Pepe's price surge, investors are also participating in the presale of Pepe Unchained (PEPU), a new Pepe upgrade that has attracted over $1.7 million.

Pepe Unchained: A Superior Alternative

Pepe Unchained aims to rival Pepe, SHIB, and DOGE by leveraging a Layer 2 chain built on top of Ethereum's network. This unique architecture liberates it from Ethereum's limitations, offering unprecedented speed, scalability, and lower transaction fees.

As a result, Pepe Unchained empowers investors to capitalize on market opportunities with greater efficiency. Token holders can also earn passive income through the platform's staking system, which offers an annual percentage yield (APY) of 1,162%.