LimeWire Price Forecast: LMWR surges 31% after Bitvavo listing as new Pepe’s unrestricted ICO crosses $150K within minutes of launch

Limewire price Pump More than 31% over the past 24 hours to trade at $0.4037 as of 7:35 AM EST as investors bet heavily on the altcoin.

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

This rise in LMWR’s price comes after the project recorded its second listing this week on leading European exchange Bitvavo. Within just 3 hours after arriving on the platform, the cryptocurrency witnessed more than… 1 million dollars in trading volume.

LimeWire price is forming a downward channel

LMWR/USD 4-hour chart (Source: GeckoTerminal)

the LimeWire The price briefly managed to break above the resistance level at $0.4495, but sellers quickly pushed the cryptocurrency’s price lower. In the past two hours, the altcoin has recorded a series of lower lows and lower lows on the 4-hour chart. This resulted in the formation of a negative channel.

If LimeWire price continues to trade in this bearish channel, it could lose the major support level at $0.4040 soon. A break below this technical crutch could put LMWR at risk of falling to the subsequent mark at $0.3586 in the next 24 hours.

On the other hand, LimeWire price maintaining a position above $0.4040 over the next eight hours may invalidate the bearish thesis. Traders can then look to enter a long position in the stock encryption. With this potential buying pressure, LMWR may try to overcome the $0.4495 barrier again.

A 4-hour candle close above $0.4495 could give LimeWire price the necessary foundation to continue higher in the short term. LMWR price may rise to $0.4929 as a result.

Technicians warn that the price of LimeWire may decline in the short term

Technical indicators on the 4-hour chart of LMWR warn that LimeWire price is not finished falling yet. Over the past 12 hours, the Relative Strength Index (RSI) line has dropped from 70 to just above 50. This may be an indication of waning buyer power.

Although the RSI remains bullish above 50, the negative slope of the technical indicator warns that the bears may soon have the upper hand over the bulls. Possible confirmation of this would be if the RSI drops below the 50 mark.

Meanwhile, the Moving Average Convergence-Convergence (MACD) line breaks down towards the MACD signal line. Traders usually see this as an indicator that the cryptocurrency is going through a bull cycle that is coming to an end. Looking at the 4-hours chart of LMWR, it appears that the peak of the current bullish phase was reached when LimeWire price managed to break $0.4495 briefly.

If the MACD line crosses below the MACD signal line in the next 12 hours, this may indicate that LimeWire price has entered a bearish cycle. As such, the price of the cryptocurrency may fall over the next 24 hours.

As the price of LimeWire is in danger of losing key support soon, investors may want to consider a new and very exciting Initial Coin Offering (ICO) called Pepe Unrestricted (PEPU).

Break the shackles of first-class assets

Pepe Unchained (PEPU) is on a mission to overcome Ethereum’s scalability limitations.

To achieve this, the project does what no meme coin has done before. Through its dedicated layer 2 network, Pepe Unchained will provide investors with an unparalleled transaction experience that is 100 times faster than Ethereum.

The token is not a copy of PEPE, which has become the third largest meme coin by market cap. Instead, Pepe Unchained is a brand new token on a mission to replace PEPE and bring the viral frog mascot into a new era of coins.

In addition to fast transaction speeds and low network fees, Pepe Unchained will also offer investors huge rewards. Anyone who purchases meme coin and locks their tokens during the ongoing pre-sale can access 16,104% APY.

It has already caught the attention of popular cryptocurrency YouTuber, Jacob Burry, who ranked it among “3 100X Potential Cryptocurrencies to Buy Now?!”

Off to a roaring start

Pepe Unchained raised over $150,000 within minutes of launching its ICO. Investors continued to pour money into it, raising it to over $245,000 in just one day.

Anyone wishing to acquire the token at this early stage can do so through the project’s official website using the simple purchase tool included on the site’s homepage.

PEPU can be sold at $0.008 using either ETH, USDT, BNB or bank card.

Buy PEPU and shares here for up to 16,104% annual rewards.

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