Limewire Price Forecast: LMWR Surges 17% to Defy Crypto Crash as Pepe’s New Unrestricted ICO Goes Parabolic

Limewire’s price is up 17% in the past 24 hours Trading at $0.411 As of 03:50 AM EST, trading volume was up 90% to $9.2 million.

This comes as the coin received its second new listing in just one week on Bitvavo, a leading European exchange with over 1.5 million users.

Second new listing in just one week 🚀$LMWR Available now on @bitvavocoma leading European exchange with over 1.5 million users and a monthly volume of over EUR 10 billion 📈

Come and check it out here 👇 https://t.co/g45CkVYBQ0

– LimeWire (@LimeWire) June 20, 2024

Its rise comes amid a collapse in the cryptocurrency market, with the industry’s market value falling by 3% to $2.3 trillion. The king of cryptocurrencies, Bitcoin, has fallen by 2% in the past 24 hours, according to the Verge website. Koenjiku.

Limewire price is pegged with a bullish spike above a falling wedge

Limewire’s price was on a tear at the beginning of this year, hitting new highs every month, rising to an all-time high (ATH) of $1.79 in April, according to data from GeckoTerminal.

However, the bears took control at this level, pushing the token to bounce within a falling wedge pattern. The bulls found support around $0.27, now pushing the token towards a bullish stance to target prices above the upper border of the wedge.

The downtrend from ATH is further supported by the token trading below the 50-day and 200-day simple moving averages (SMAs).

Moreover, the Relative Strength Index (RSI) is rebounding from the oversold level of 30 and trading higher, currently at 45, which is a sign of intense buying pressure. If the bulls maintain this momentum, the RSI could rise to the overbought 70 zone, which is an indicator of continued bullish momentum.

The Moving Average Convergence-Divergence (MACD) is also bullish, with the MACD line (blue) crossing above the signal line (orange). The bullish crossover formed by the MACD indicator encourages bulls to add more to their positions, which could push the price of Limewire higher.

Limewire price forecast

Limewire price analysis on the 1-day chart indicates that LMWR bulls are pushing the symbol above the upper border of the wedge, targeting a new ATH at $2.0.

Both the RSI and MACD offer investors positions to add to their investments, which could push the token to a new ATH.

However, in an opposite scenario, bears could still exert further pressure at this level, and the symbol may fall back to the next support area at $0.17. The pullback may support the 50-day crossover below the 200-day SMA, forming a killer cross at $0.692.

As the price of LMWR rises, investors are also piling in to pre-sell the new meme coin Pepe Unrestricted (PEPU)which raised more than $500,000 within a few days.

According to 99Bitcoins, a cryptocurrency channel on YouTube, PEPU is one of the best cryptocurrencies you can buy right now, with the potential to rise 100x after its launch.

Pepe Unchained Raises Over $500K in Less Than a Week – What’s the Best Meme Coin to Buy Right Now?

Pepe Unchained is set to follow on the success of its predecessor, PEPE, which generated amazing returns for early investors and continues to dominate the charts.

As its name suggests, Pepe Unchained aims to free Pepe from the old world of the first class. PEPU will run on its own Ethereum Layer 2 blockchain.

Who needs some brain powder?

Baby is getting ready to officially launch his own blockchain! 🚀 pic.twitter.com/kZC72UmxFy

— Pepe Unchained (@pepe_unchained) June 20, 2024

With this, the project aims to address the scalability, speed and efficiency issues that often plague it Meme coins Built on the Ethereum Layer-1 blockchain.

Token holders can earn passively through it The platform’s staking systemwhich offers an annual yield (APY) of 4,837%.

You can buy $PEPU tokens for $0.008032 each. With prices rising in as little as 35 hours, buy soon to get the best deal.

To join the pre-sale, Buy $PEPU from the official website here Using ETH, USDT, or bank card.

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