PEPE Price Surge and Bullish Outlook
The PEPE price has experienced a notable surge, gaining 19% over the past week and 5% within the last 24 hours. As of 11:30 p.m. EST, PEPE trades at $0.00001085 despite a 5% decline in trading volume to $2.7 billion.
Technical Analysis Indicates Continued Rally
According to data from GeckoTerminal, the PEPE price has broken above the $0.00001013 resistance of its descending triangle pattern. The positive momentum is supported by various indicators:
- PEPE now trades above both its 50-day and 200-day Simple Moving Averages (SMAs), confirming an uptrend.
- The 50-day SMA is approaching the 200-day SMA, potentially forming a "golden cross" in the near future, further strengthening the bullish outlook.
- The Relative Strength Index (RSI) is approaching overbought territory on the 1-day chart, suggesting increasing buying pressure.
- The Moving Average Convergence Divergence (MACD) has crossed above its signal line, signaling a bullish crossover.
Price Prediction and Support Levels
The current trend suggests that PEPE is poised for a further bullish run, targeting the resistance level of $0.0000140. However, a slight correction could see the price drop to the triangle's lower boundary at $0.0000080, which provides support.
Pepe Unchained Presale Soars
Amidst the PEPE price rally, investors are flocking to acquire Pepe Unchained (PEPU), a new and advanced alternative to PEPE. PEPU has raised over $25.5 million in its presale, driven by strong demand and potential for significant appreciation.
Pepe Unchained Features and Ecosystem
Pepe Unchained has several key features:
- Its own Layer 2 blockchain for faster and cheaper transactions.
- A strong contender to become the leading frog-themed meme coin.
- Plans to liberate PEPE from limitations faced on Ethereum.
- Recently launched Pepe's Pump Pad, a meme coin launchpad within the Ethereum ecosystem.
- A staking system offering an annual percentage yield (APY) of 94%.
Investment Opportunity
PEPU tokens can be purchased for $0.01239 each. A price increase is expected soon, so investors are encouraged to act quickly to secure the best deal.
Related News
- How to Make Money with Cryptocurrency – 8 Best Ways
- Next Cryptocurrency to Explode, November 7 — Raydium, Starknet, EigenLayer
- Most Viewed Coins on GeckoTerminal To Watch – Mumu the Bull, Jupiter, Michi, Goateus Maximus