The Pepe Unchained price has pumped 9% in the last 24 hours to trade at $0.0199 as of 9 p.m. EST on a 30% plunge in trading volume to $7.88 million
The pump in the PEPU price came even as the meme coin market overall slumped 12% to a market capitalization of $88.8 billion.
Pepe Unchained Price Shows Strong Bullish Reversal Above Key Support Level
PEPU/USD is currently experiencing a powerful bullish reversal, marking a significant shift in market sentiment after an extended period of consolidation within a descending triangle pattern. The price has surged after bouncing off the major support zone at $0.0095-$0.0100, a critical level that has been tested several times before the breakout.
This breakout has propelled the price upwards to its current level of $0.0199, signaling that buyers are now firmly in control. Adding to the bullish sentiment, the price is trading above the 50-period Simple Moving Average (MA) at $0.0136, now serving as a support, further confirming the ongoing uptrend.
PEPUUSD Analysis Source: Dextools.io
Pepe Unchained Price Indicators Signals Strong Buying Pressure
The MACD indicator has shown a bullish crossover, with the MACD line now sitting at 0.00195353, comfortably above the signal line at 0.00131028. This crossover clearly indicates rising buying pressure, with the histogram also reflecting positive momentum.
On the other hand, the RSI, currently at 66.91, confirms strong bullish momentum but is approaching the overbought zone, which could signal a slowdown or consolidation in the short term. While the bulls remain in control, caution is warranted as the market nears the 70 overbought region for the possibility of a pullback.
The price faces significant resistance between $0.0250-$0.0270, which could challenge further bullish progress. A successful breakout above this level would pave the way for a potential rally to higher price levels. However, if the buying pressure begins to weaken, the price could experience a pullback to the 50-period SMA at $0.0136 or even revisit the support zone near $0.0100.
MIND of Pepe Closes On $5 Million – The Next Big Crypto?
The bullish sentiment surrounding Pepe Unchained is mirrored by that around the new AI-powered meme coin MIND of Pepe (MIND) , which has already raised over $4.8 million in its presale.
An analyst from 99Bitcoins, a YouTube channel with over 724K subscribers, listed MIND among the top five cryptocurrencies with the potential to 10X after launch.
Investors are also turning their attention to this growing project. MIND of Pepe fuses artificial intelligence with the popular Pepe meme, utilizing advanced AI to track platforms like Crypto Twitter for early trading insights. Operating autonomously, the AI continuously learns and adapts to help users stay ahead in the crypto market.
The attractive staking program MIND offers presale buyers, with a 467% annual return, might also be contributing to the buying frenzy around the token.
Currently, the MIND token is available for presale at $0.0032402, with purchases accepted in ETH, USDT, BNB, or via bank card.
Interested investors should buy before a price hike in less than 13 hours,
Buy MIND tokens here.
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