The Pepe price surged 19% in the last week and 5% in the last 24 hours to trade at $0.00001085 as of 11:30 p.m. EST on trading volume that plunged 5% to $2.7 billion.
Pepe Price Poised For A Continued Rally
The Pepe price has finally breached the upper boundary of the descending triangle pattern at the $0.00001013 resistance to the current price, according to data from GeckoTerminal . The Pepe price bulls are now aiming at a new resistance higher above, as the main indicators show positive momentum.
PEPE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the uptrend. Moreover, the 50-day SMA is now closing in on the 200-day SMA< which may form a golden cross in the coming days, further cementing the general bullish prospects.
The Relative Strength Index (RSI) is now soaring towards the 70-overbought region on the 1-day chart. This is an indication that buying pressure is picking up at this level, which could push the price of Pepe towards the next resistance zone.
The Moving Average Convergence Divergence (MACD) is also positive, as the blue MACD line crosses above the orange signal line, which represents a bullish crossover.
PEPEUSD Chart Analysis Source: GeckoTerminal Pepe Price Prediction
According to the PEPE/USD chart analysis, the Pepe price is now poised for a bullish run, as it has already crossed the upper boundary of the descending channel. The major indicators, including the RSI and MACD, show that the price of Pepe is currently on a positive trajectory, which could still push Pepe up.
If the current trend sustains, the price of Pepe could keep soaring, as the bulls target the next resistance level at $0.0000140.
However, if the price takes a slight correction, PEPE could plunge to the lower boundary of the triangle, which acts as a formidable support at $0.0000080.
As the PEPE price aims for a continued rally, investors are also rushing to buy a new, more sophisticated PEPE alternative called Pepe Unchained (PEPU) .
YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to soar 100X after launch.
Pepe Unchained Soars Toward $26 Million In Presale
Pepe Unchained ($PEPU) has stormed past the $25.5 million mark in its presale, buoyed by over $700,000 in sales in just the past couple of days.
It comes with its own Layer 2 blockchain and offers faster and more cost-effective transactions for Pepe ownership, positioning itself as a strong contender against its predecessor, Pepe ($PEPE), and with ambitions to become the top frog-themed meme coin in the market.
Pepe Unchained aims to liberate Pepe from the limitations of his old, cumbersome Layer 1 server on Ethereum.
But the Pepe Unchained ecosystem is just getting started. The project has just unveiled Pepe’s Pump Pad , a meme coin launchpad similar to Solana’s Pump.fun that aims to make Ethereum the epicenter of the meme coin world.
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 94%.
You can buy $PEPU tokens for $0.01239 each. With a price hike coming in less than 2 days, buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
Related News
- How to Make Money with Cryptocurrency – 8 Best Ways
- Next Cryptocurrency to Explode, November 7 — Raydium, Starknet, EigenLayer
- Most viewed Coins on GeckoTerminal To Watch – Mumu the Bull, Jupiter, Michi, Goateus Maximus
