Pepe Coin Soars, Surging Over 73%

The Pepe coin (PEPE) has experienced a meteoric rise, surging over 73% in the past 24 hours. The current trading price stands at $0.00002261, amidst a surge in buying activity.

Coinbase Listing Fuels PEPE's Rally

The surge in PEPE's price coincides with its recent listing on Coinbase, a leading US crypto exchange. This development has significantly increased the coin's exposure to a wider investor base.

Resistance and Support Levels

PEPE's price is currently attempting to establish support at $0.00002387 after breaking above $0.00001935. If the coin successfully surpasses this resistance, it could continue its upward trajectory in the near term.

Technical Indicators Warn of Potential Correction

However, technical indicators on PEPE's 4-hour chart suggest that the bullish momentum may be reaching a peak. Indicators such as the MACD and RSI are showing signs of a potential reversal, indicating that the price may be due for a correction.

FOMO Drives Interest in Pepe Unchained (PEPU)

Alongside the rise in PEPE's price, investors are also flocking to its layer 2 competitor, Pepe Unchained (PEPU). This project aims to provide faster transaction speeds and lower costs compared to Ethereum.

PEPU's Presale Near Completion

PEPU's presale is nearing its end, with the launch date set around December 13, 2024. Whales, keen on securing potential profits, are actively buying PEPU ahead of its exchange listings.

Conclusion

The Pepe coin has experienced a remarkable surge in price, fueled by its listing on Coinbase. However, technical indicators suggest a potential correction may be on the horizon. Investors should exercise caution and monitor the price closely in the coming hours and days. Additionally, the upcoming launch of Pepe Unchained is attracting significant investor interest, presenting a potential investment opportunity for those seeking exposure to the meme coin market.