The Pepe price slumped 3.3% in the past 24 hours to trade for $0.00001180 as of 01.12 a.m. EST on trading volume that plunged 45%..
The PEPE price slide comes as the crypto market dumps, its market capitalization down 2.8% to $2.4 trillion. The meme coin sector is up about 1%.
Pepe Price Prediction
The Pepe price is steadily cutting back on the ground covered in the last month. However, the frog-themed token remains bullish as it holds above the 50% Fibonacci placeholder of $0.00001069.
The Relative Strength Index (RSI) momentum indicator is also above the mean level of 50, increasing the odds for a pullback. Similarly, the Moving Average Convergence Divergence (MACD) is also above the signal line (orange band).
If the bulls have their way, a stable candlestick close above $0.00001224 would encourage more buy orders. Further north, the gains could extend to the 78.6% Fibonacci retracement level of $0.00001445. In a highly bullish case, the gains could extrapolate to the peak of the market range at $0.00001726.
GeckoTerminal: PEPE/USD 1-day chart
Conversely, considering the lower highs on the RSI, coupled with the fading and shrinking MACD histograms, the Pepe price could extend the fall. The MACD is also teasing with a sell signal, which could be executed once it crosses below the signal line. Traders heeding this call would invigorate the downside for the Pepe price.
As the Pepe price works out its next directional bias, the new Pepe Unchained (PEPU) meme coin is blasting north with more than $6.3 million raised in its ICO.
This layer-2 meme coin is taking the sector by storm, prompting the 99Bitcoins YouTube channel, with over 706k subscribers, to predict that it 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 meme coin titan 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, the Layer-2 blockchain meme coin enables investors to seize market opportunities more efficiently with speeds up to 100x faster.
The project’s appeal was underscored by a $200k purchase of PEPU tokens by a whale investor at the weekend.
Investors can stake their holdings for an annual return of 304%. The distribution of $PEPU token rewards will occur at a rate of 608.82 $PEPU tokens per ETH block. These rewards will be disbursed over 2 years and will be claimable once claim goes live.
You can buy PEPU tokens now for $0.0087693 each. With a price hike coming in just over 24 hours, buy soon to lock in the best deal.
Visit and buy Pepe Unchained here .
Also Read:
- Meme Coin Whales Gobble Up Pepe Unchained ($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!
