The Pepe coin price went ballistic, surging over 73% in the last 24 hours to trade at $0.00002261 as of 4:38 a.m. EST as a buyer frenzy erupts around the meme coin.
The surge in the PEPE price follows the meme coin’s listing on the leading US crypto exchange, Coinbase.
Pepe Coin Price Challenging The $0.00002387 Resistance
4-hour chart for PEPE/USD (Source: GeckoTerminal )
The Pepe coin price is attempting to flip the resistance level at $0.00002387 into support after breaking above the $0.00001935 barrier in the last 24 hours. Should the frog-themed token clear the $0.00002387 obstacle in the next 12 hours, it could gain the space needed to keep climbing in the short term.
However, PEPE’s bullish momentum might come to an end if the crypto fails to close a 4-hour candle above $0.00002387 within the next 8 hours. Traders could end up panic selling in this alternative scenario. The Pepe coin price might subsequently test the recently-breached $0.00002387 mark.
If sellers continue to exert pressure on PEPE in the bearish case, the meme coin could stand the risk of plunging to the next technical safety net at $0.00001470. An extreme scenario might lead to the Pepe coin price plummeting all the way down to $0.00001101.
Technicals Warn Of An Upcoming Pepe Coin Price Correction
Indicators on the crypto’s 4-hour chart warn the Pepe coin price’s bullish move may have reached a tipping point. Momentum indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show warning signs.
RSI readings have oscillated in overbought territory over the last few hours. This could be interpreted as a sell signal by traders, because it suggests that PEPE’s potential to drop is greater than its potential to rise some more in the next 24 hours. With the negative slope of the RSI line, it seems sellers are also chipping away at buyers’ strength.
In the last couple of hours, the MACD line has also started to drop towards the MACD Signal line. This could be an early indication of an upcoming bearish reversal of PEPE’s current positive trend. A confirmation of this will be if the MACD line crosses below the MACD Signal line through the course of the next trading day.
While the Pepe coin price tries to clear another resistance level, investors are also FOMO buying its layer 2 challenger Pepe Unchained (PEPU) before its listing on multiple tier 1 exchange platforms.
A Turbocharged PEPE Pulling Investors In Through Its Parabolic Presale
Pepe Unchained (PEPU) aims to free the beloved Pepe meme from the congested Ethereum network and migrate the character to its own lightning-quick layer-2 blockchain.
Not only will this unlock a 100-fold increase in transaction speeds for the meme’s fans, it will also give investors the opportunity to send and receive crypto at a fraction of the cost using PEPU.
Beyond its layer-2 capabilities, Pepe Unchained is packed with high levels of utility which is oftentimes not the case for a meme coin project. Recently, the team unveiled its developer grant program. Approved developers are now able to build the next best thing in the crypto space on the Pepe Unchained blockchain.
Additionally, the team has also launched a direct competitor to the popular Solana meme coin launchpad, Pump.fun, which adds to the project’s intrinsic value.
The latest developments in the Pepe Unchained ecosystem have caught the attention of a large pool of investors, with the project’s ongoing ICO recently surpassing the $29.2 million mark.
An analyst from the 99Bitcoins YouTube channel, which boasts over 706K subscribers, predicted that Pepe Unchained could be the next meme coin to deliver 100X returns.
Whales Scoop Up PEPU Before Its Upcoming Exchange Listings
Pepe Unchained’s presale is nearing its end. A countdown timer on the project’s website puts the Pepe Unchained launch date at around Dec. 13, 2024. With time running out, whales are positioning themselves ahead of the meme coin’s listing on several tier 1 crypto exchanges.
The latest purchase saw a whale buy 19.99 ETH worth of PEPU. Prior to this most recent purchase, another whale bought $48,500 worth of PEPU using ETH.
After Pepe’s surge following its Coinbase listing yesterday, PEPU sales have accelerated as investors seemingly contemplate what might unfold when it lists on top tier exchanges next month. Might it be another Coinbase listing, perhaps even Binance?
There’s still time for investors to buy PEPU before its market debut. Selling for $0.0128, PEPU can be purchased through the buy widget on its website using either ETH, USDT, BNB or bank card.
Purchase PEPU here before its exchange listings.
Related Articles:
- Best Wallet Sells Out Within Hours, Raising $162K On Presale Launch
- Meme Coin Market Cap Soars Past $112 Billion As New Vote-To-Earn (V2E) Dogecoin Rival Flockerz Hits $1.6 Million In Presale
- Super Trump Price Prediction: STRUMP Drops 3% As This New PolitiFi Token Hurtles Past $500K In Presale
