The Pepe price is up by 36% in the last seven day and 3% in the past 24 hours to trade at $0.00001253 as of 01:24 a.m. EST.
The PEPE price could record further upside as meme coins frequently reflect the broader optimism in the crypto market, and with Bitcoin’s price now above $65,000.
Traders remain highly optimistic about PEPE, anticipating a bullish wave as altcoins continue to flash green.
Moreover, as altcoins reflect current market sentiment, investors have observed that the Pepe trading volume has surpassed that of Binance Coin (BNB). This is despite BNB having a higher market capitalization than that of PEPE.
PEPE Price Prediction
The Pepe price is trading with a bullish bias, exploding above the bearish technical formation. With a series of five green candlesticks, the Pepe price has escaped from the foothold of the descending parallel channel.
With the $0.00001177 level holding as a support, the upside potential for the meme coin remains high. Based on the volume profile, the green nodes suggest prevailing bullish sentiment in the PEPE market. The Relative Strength Index (RSI) is also climbing, suggesting increasing buying pressure.
Similarly, the position of this momentum indicator above the mean level of 50 reinforces the bullish thesis, showing the bulls lead the market. As the RSI remains below the 70 thresholds, it means there is still more room to the north before the PEPE token is considered overbought and due for a correction.
Moreover, the Moving Average Convergence Divergence (MACD) is also rising. This is after it recorded a bullish crossover when it crossed above the signal line (orange band). Such a move is often interpreted as a buy signal, and traders heeding this call could reinvigorate the bullish momentum.
A further upside would see the Pepe price overcome resistance due to the $0.00001338 resistance level. In a highly bullish case, the gains could see the frog-themed token’s price test the $0.00001490 threshold or extend the gains to $0.00001672 in the highly ambitious case. Such a move would constitute a 33% climb above current levels.
GeckoTerminal: PEPE/USD 1-day chart
Conversely, if traders start booking profits now, the ensuing selling pressure could see the PEPE price start to drop. A break and close below the $0.00001177 support level would threaten the upside. However, only a candlestick close below $0.00000843 would invalidate the bullish thesis.
As the Pepe price pushes for further upside, the new Pepe Unchained (PEPU) meme coin is rocketing towards $4 million in funds raised.
This layer-2 meme coin is taking the sector by storm and prompted the 99Bitcoins YouTube channel, with over 705k subscribers, to say it is has the potential to soar 100X after its launch.
Promising Alternative To PEPE
Pepe Unchained is a meme coin project following in the footsteps of its predecessor, the original Pepe (PEPE). But PEPU stands out as the first Pepe derivative to run on its own proprietary Ethereum Layer 2 blockchain.
The Pepe Unchained project is committed to addressing the scalability, speed, and efficiency characteristics associated with meme coins built on the Ethereum Layer-1 blockchain. With this objective, this Layer-2 (L2) blockchain meme coin plans to enable investors to seize market opportunities more efficiently.
You can also stake your holdings for an annual return of 485%.
You can buy PEPU tokens for $0.0084598 each. With a price hike coming in less than 15 hours, buy soon to lock in the best deal.
Visit and buy Pepe Unchained here .
Also Read:
- Meme Coin Whales Gobble Up Pepe Unchained ($PEPU) As ICO Rockets Past $500,000
- Pepe Unchained ICO Explodes With $150K Raised In Minutes, New Layer 2 Meme Coin To Watch
- Should Investors Buy Bitcoin (BTC) This Week Or Pepe Unchained (PEPU)
- How to Buy Pepe Unchained – $PEPU Presale Review
- What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!
