VeChain Price Prediction: VET Surges 18% As FOMO Builds Around Pepe Unchained Presale Amid Coinbase Listing Speculation

VeChain Surges 18% Amidst Sustained Bullish Rally

As of 7:59 p.m. EST, the VeChain price has witnessed a remarkable surge of 18%, trading at $0.04306 with a surge in trading volume to $749 million, marking a 202% increase, according to CoinGecko.

Sustained Bullish Trajectory

VeChain's price has exhibited a sustained bullish parabolic rise, indicating strong buyer interest. The simple moving averages (SMAs) for 50 and 200 days remain below the current price, further suggesting dominance of the bulls.

The Relative Strength Index (RSI) stands at 70, indicating an overbought asset that has been heavily purchased. This may indicate potential cooling or consolidation in the short term, though strong trends can persist in the overbought zone.

The Moving Average Convergence Divergence (MACD) presents a strongly bullish phase, with the MACD line significantly above the signal line and expanding histogram bars signaling increasing bullish momentum.

VeChain Price Prediction

The VET/USDT chart analysis on the 4-hour timeframe indicates a continuation of the upward trend, supported by indicators such as RSI and MACD. If the bulls maintain their current momentum, VeChain's price could reach its next target of $0.055.

A cooling of the trend by bears could potentially drive the price down to the 50-day SMA at $0.0330.

Investor Interest in Pepe Unchained (PEPU)

As VeChain bulls sustain their rally, investors are flocking to the Pepe Unchained ($PEPU) presale, which concludes in less than 19 days. Whale investors have contributed significantly, with recent mega buys of $220K and $100K.

YouTube channel 99Bitcoins, with over 706K subscribers, predicts that PEPU has the potential to generate a $10k return on a $1k investment after its launch.

Pepe Unchained Presale Overview

Pepe Unchained is gaining traction as a promising Layer 2 project that aims to address scalability, speed, and efficiency challenges faced by meme coins on Layer 1 blockchains.

With over $40 million raised, the project is one of the most successful presales to date. Its Pepe's Pump Pad feature challenges Solana's Pump.fun as a meme coin launchpad.

PEPU tokens can be staked for an annual yield of 66%. Speculation exists that PEPU could be listed on Coinbase or Binance, following its recent success.

Investors can acquire PEPU tokens for $0.01295 each using ETH, USDT, or a bank card through the PEPU website.