The PepeCoin price soared 101% in the last week and almost 67% in the past 24 hours to trade at $5.145 as of 9:06 p.m. EST on trading volume of almost $10 million, according to CoinGecko.
The PEPECOIN price surge made it the biggest gainer among major cryptos in the past week.
PepeCoin Price On A Sustained Rally
According to the PepeCoin/USDT chart analysis on the 6-hour timeframe, the PepeCoin price has been trading within a consolidation phase since October, ranging between the $1.7 and $2.4 level.
PepeCoin/USDT Chart Analysis (Source: Tradingview)
PepeCoin has picked up momentum in the last four days, soaring through a parabolic curve, which signals that its price of PepeCoin may continue to rise.
The PepeCoin price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), while forming a golden cross around the $2.60 level, further elevating the general bullish prospects.
Meanwhile, the Relative Strength Index (RSI) is trading well above the 70-overbought region, currently at 84, which indicates that the asset is under intense buying pressure and may now be overvalued.
The Moving Average Convergence Divergence (MACD) also supports the bullish sentiments, as the blue MACD line crosses above the orange signal line, which represents a bullish crossover.
The PepeCoin price bulls are aiming to sustain the current momentum, capitalizing on the main indicators. A sustained bullish rally could see the price of PepeCoin soar to the next possible resistance level at $5.5 in the short term.
However, the RSI is now overvalued, which may indicate that the price of PepeCoin is overextended and may be due for a correction. In this scenario, the price of PepeCoin may plunge to the $3.2 support, which acted as a previous resistance level in October.
Meanwhile, investors are also rushing to buy a new, more sophisticated Pepe derivative called Pepe Unchained (PEPU) , which YouTube channel 99Bitcoins, with over 706K subscribers, says has the potential to soar 100X after launch.
Pepe Unchained Closes On $26 Million – Best Crypto To Buy Now?
Pepe Unchained has taken the crypto world by storm, surpassing $25.9 million in its presale. Whale investors have swarmed the token in the past month, the most recent purchase being for $55k .
$PEPU is built on its own Layer 2 blockchain and its aim is to free the original PEPE from its clunky Ethereum network. PEPU’s Pepe Chain network comes with lightning fast speeds, lower transaction costs, and more scalability.
This upgrade enhances user experience and transaction efficiency, prompting some analysts to say that Pepe Unchained might eventually dethrone Pepe as the king of frog-themed meme coins.
The project has also 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.
Additionally, the platform offers a huge 93% in annual rewards for staked PEPU tokens.
PEPU is priced at $0.01239 right now. With a price hike coming in less than 18 hours, buy soon to secure the best rate.
To join the presale, visit the official website here to buy PEPU with ETH, USDT, or a credit card.
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