PepeCoin Price Prediction: PEPECOIN Is Top Meme Coin Gainer With 15% Surge As This PEPE 2.0 ICO Rockets Past $13.5 Million

PepeCoin Price Surges, Signaling Bullish Momentum

The PepeCoin price has witnessed a significant surge, rising by 15% within the past 24 hours to trade at $2.56 as of 3:20 a.m. EST. This remarkable uptrend was accompanied by a 23% pump in trading volume, reaching $4.6 million.

Bullish Momentum Indicated by Parabolic Curve

PepeCoin's price action has exhibited a parabolic curve, indicating strong bullish momentum. This upward trend has propelled the price to approximately $2.59, breaking through a key resistance level of $2.40. The price action suggests that PepeCoin has entered a reward zone.

Parabolic price curves typically signal aggressive buying interest, although they may also indicate a potential correction once the momentum subsides.

Positive Indicators Support Bullish Outlook

The moving averages of PepeCoin are in alignment, with the 50-day SMA at $2.3244 and the 200-day SMA at $2.2689, indicating a strongly bullish short-term trend. This alignment further supports the continuation of upward movement.

The MACD indicator also reinforces the bullish momentum, with the MACD line at 0.083 surpassing the signal line at 0.054. The positive divergence and widening histogram suggest an ongoing bullish phase.

Short-Term Correction Possible

While the RSI is currently at 77.71, showing that PepeCoin is in overbought territory, this alone does not indicate a pullback or consolation. The price could continue to rise and potentially test the next resistance level at around $2.70.

However, the overbought RSI and the parabolic price action raise the possibility of a near-term retracement or consolidation. If such a correction occurs, the $2.40 resistance level and the $2.32 50-day SMA may act as support zones.

Pepe Unchained: A Layer 2 Meme Coin Soaring

The bullish sentiment seen in PepeCoin extends to its derivative presale, Pepe Unchained (PEPU), which has raised over $13.5 million in its ICO, making it one of the most successful this year.

Pepe Unchained is a Layer 2 solution for Pepe, offering a block explorer and social media presence. It leverages its proprietary blockchain and features seamless Ethereum bridging for easy integration with dApps.

PEPU tokens offer a 152% APY staking option, with over 1.05 billion tokens already staked. The project team has hinted at an imminent launch on X. Interested investors can purchase PEPU tokens on the official website using ETH, USDT, or a bank card.