PepeCoin Price Soars 10% As This PEPE 2.0 ICO Closes On $13 Million

PepeCoin Price Surge

The PepeCoin price experienced a 10% surge in the past 24 hours, reaching $2.42 as of 03:29 a.m. EST, with trading volume increasing by 8% to $4.3 million.

Bullish Sentiment Despite Market Downturn

PEPECOIN's rise occurred despite a 1% decline in the meme coin market, which now has a market capitalization of $41 billion.

Technical Analysis

PepeCoin has been in a downtrend since August 26th, dropping from its $3.31 resistance. Bulls have since pushed the price above the $2.34 resistance, forming a rounded bottom pattern.

• The price is now trading above the 50-day and 200-day Simple Moving Averages (SMA).
• The Relative Strength Index (RSI) is approaching overbought territory at 69.
• The Moving Average Convergence Divergence Convergence (MACD) indicates positive momentum.

Bearish Factors

However, a death cross has formed at $2.28, where the 200-day SMA has crossed above the 50-day SMA. Additionally, a Fair Value Gap (FVG) between $1.93 and $1.74 could potentially lead to a bearish trend.

Alternative Meme Coin

Investors are showing interest in Pepe Unchained (PEPU), a PEPE alternative that has raised over $12.9 million in its ICO.

Pepe Unchained Presale

• Built on a Layer 2 solution, Pepe Unchained addresses limitations of the Ethereum blockchain.
• Token holders can earn passive income through staking with 159% annual rewards.
• Presale tokens are priced at $0.009651, increasing in a day.

Related News

• DOGS Price Climbs 4% In A Week, But Expert Says This Shiba Inu Derivative ”Could Make Millionaires”
• Best Crypto Presales to Invest in Now for 10x Gains in 2024
• Bitcoin Surges Almost 3% As US Inflation Data Signals Soft Landing, Boosting Rate Cut Bets