Pepe Price Drops as Investors Reduce Exposure

The Pepe price has declined by over 6% in the past 24 hours, trading at $0.00002115 as of 11:20 p.m. EST. This decline follows a recent all-time high of $0.00002524, resulting in a 16% correction since then.

Pepe Nears Key Support Level

The Pepe price is approaching a support level of $0.00001932 after facing resistance at $0.00002409. If the meme coin falls below this level, it could experience further declines to $0.00001503.

Price Recovery Possible

However, if the Pepe price remains above $0.00001932 for the remainder of today's trading session, a recovery and another attempt at the $0.00002409 threshold could occur. Breaking above this level may lead to a further rise to $0.00002885.

Technical Indicators Suggest Further Decline

Momentum indicators like the MACD and RSI on Pepe's 4-hour chart indicate a potential continuation of the downward trend. RSI values have fallen significantly, suggesting decreasing buyer strength, while a bearish crossover between the MACD and MACD Signal lines could signal a negative cycle for the Pepe price.

Pepe Unchained Gains Attention as Alternative

While Pepe's indicators suggest caution, investors are expressing interest in Pepe Unchained (PEPU), a layer-2 meme coin challenger. PEPU aims to enhance the Pepe brand through a dedicated layer-2 network, offering faster transaction speeds and lower costs.

Pepe Unchained Launch Date Approaching

Pepe Unchained's launch is anticipated around December 13, 2024, as indicated by a countdown timer on the token's ICO page. The project's presale has recently surpassed $30.5 million, with investors showing enthusiasm for its potential.

Purchase PEPU

Investors can purchase PEPU through the widget on the token's website using ETH, USDT, BNB, or bank card. Staking options with an APY of 84% are also available.