Pepe Price Surge Despite Recent Dip

The value of Pepe has seen a significant 74% increase over the past week, despite a 15% decline in the past 24 hours. As of 8:46 p.m. EST, Pepe is trading at $0.00002065 with a 55% drop in trading volume to $5 billion, according to CoinGecko.

Bullish Trend for Pepe

Overall, the price trend for Pepe remains bullish due to a sharp upward movement followed by a consolidation phase that has formed a symmetrical triangle, a pattern indicating a continuation of the uptrend.

Technical Analysis

On the 4-hour timeframe, the Pepe price trades significantly above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the sustained bullish trend.

The Relative Strength Index (RSI) is currently at 54.05, slightly above the neutral midline (50), indicating a slightly overbought condition but a healthy cooling from previous overbought levels.

Furthermore, the Average Directional Index (ADX) stands at 44.98, indicating a strong trend. An ADX above 25 typically confirms a trend, while readings above 40 suggest a robust one, reinforcing the recent rally's momentum.

Potential Targets

A breakout above the triangle's resistance (around $0.000020-$0.000022) could signal a resumption of the uptrend, potentially targeting new highs above the recent peak of $0.000030.

Support Levels

Conversely, if the triangle breaks down, support levels to watch include the 50-day SMA ($0.00000162) and 200-day SMA ($0.00000112).

Alternative: Pepe Unchained (PEPU)

While Pepe bulls aim for a continued surge, some investors are transitioning to Pepe Unchained (PEPU), a rival meme coin with ambitious plans. According to 99Bitcoins, PEPU could potentially surge 100X upon its launch in 25 days.

PEPU Presale Success

Pepe Unchained's presale has garnered significant success, surpassing $34.3 million after raising $4.3 million in just two days. Its aim is to challenge PEPE as the dominant meme coin, boasting a proprietary Layer 2 blockchain to enhance scalability and efficiency.

PEPU Ecosystem and Features

PEPU's ecosystem includes a DEX, block explorer, and bridging system for interoperability. Additionally, it offers a Meme Coin Launchpad (Pepe's Pump Pad) and a developer grant program to foster innovation.

Staking and Investor Interest

Investors can also stake PEPU tokens for an annual return of 81%, attracting whale investments. PEPU tokens can be purchased for $0.01287 each using ETH, USDT, or bank cards.