RabBitcoin Surges 327% Amidst Bullish Momentum
The past 24 hours have witnessed a remarkable surge in RabBitcoin's price, propelling it to a 327% increase. As of 9 a.m. EST, RBTC trades at $0.00001848, buoyed by a 328% surge in trading volume to $22 million.
Uptrend Continuation Expected
The price action for RBTC/USDT indicates a bullish breakout after a period of consolidation. A "Golden Cross" formation, where the 50-period moving average surpassed the 200-period average, marked a bullish signal. This attracted buyers and initiated a rapid upward momentum.
Post-Golden Cross, the price followed a parabolic curve, signaling strong buying pressure and a jump from $0.000005223 to $0.000029330.
Positive Price Indicators
RabBitcoin's slight retracement to $0.000017927 may indicate profit-taking or resistance. Immediate resistance lies around $0.000029330, while support is near the 50-period average of $0.000005223.
The Relative Strength Index (RSI) of 62.69 remains above 50, indicating ongoing bullish sentiment. While a further retracement or consolidation is possible, the price indicators suggest a potential for further uptrend.
Pepe Unchained Presale Gains Momentum
As the RabBitcoin price skyrocketed, the Pepe Unchained (PEPU) presale raised over $27.7 million. Analysts anticipate significant growth for PEPU upon its launch. Built on its own Layer 2 blockchain, PEPU aims to address Ethereum's limitations by offering faster speed and lower costs.
Pepe Unchained has launched a developer grant program and Pepe's Pump Pad, a meme coin launchpad. PEPU also offers a 91% APY staking reward.
PEPU tokens are available for $0.01259 via ETH, USDT, BNB, or bank card. Buyers secure the best price before an anticipated price hike in two days.