Pepe Price Prediction: PEPE Surges 36% In A Week As This Layer-2 Alternative Races Towards $4 Million

Pepe Price Analysis

Pepe has witnessed a significant surge in value, increasing by 36% in the past seven days and 3% within the last 24 hours. As of 01:24 AM EST, it trades at $0.00001253.

Upward Trend for Meme Coins

Meme coins tend to reflect the overall optimism of the crypto market, and with Bitcoin surpassing $65,000, Pepe's price could continue its upward trajectory.

Traders' Optimism

Traders remain optimistic about Pepe, anticipating a bullish wave amid the green momentum in altcoins.

Pepe Trading Volume Surpasses Binance Coin (BNB)

Notably, Pepe's trading volume has exceeded that of BNB despite BNB's higher market capitalization. This signifies high interest in Pepe.

Pepe Price Prediction

Pepe's bullish bias is evident as it breaks free from a bearish technical formation. With a series of green candlesticks, it has escaped the descending parallel channel.

The $0.00001177 support level provides upside potential. Volume profile analysis indicates bullish sentiment, while the Relative Strength Index (RSI) suggests increasing buying pressure.

The RSI's position above 50 and below 70 suggests a moderate bullish trend, with room for further gains before becoming overbought.

Additionally, the Moving Average Convergence Divergence (MACD) is rising, indicating a buy signal. This could reinvigorate bullish momentum.

Resistance at $0.00001338 could be overcome, potentially leading to a test of $0.00001490 or even $0.00001672 in a highly optimistic scenario.

Pepe Unchained (PEPU): A Promising Alternative

The new Pepe Unchained (PEPU) meme coin has garnered significant attention, raising nearly $4 million. This layer-2 meme coin leverages its own proprietary Ethereum Layer 2 blockchain, addressing scalability and speed issues.

PEPU offers annual staking returns of 485% and can be purchased for $0.0084598 per token.

Conclusion

Pepe's price analysis reveals a bullish trend that could continue amid the positive sentiment in the crypto market. Pepe Unchained emerges as a promising alternative with its layer-2 blockchain technology and attractive staking rewards.