PEPE Price Drops 8% Experts Say, Consider This 2.0 PEPE for Equivalent Gains

Pepe price has decreased by 8% in the last 24 hours. Trading at $0.00008583 As of 7:00 a.m. ET, trading volumes were up 27% to $907 million.

Baby Price Faces Resistance Inside Falling Wedge

The PEPE/USD trading pair on the daily time frame is indicating a potential bullish reversal. A falling wedge pattern is appearing, which is usually a bullish signal when it appears in a downtrend.

This pattern shows consolidation with lower highs and lower lows, indicating weak selling pressure. A breakout from this wedge could lead to a significant upward move, in line with the suggested target price.

PEPEUSD Analysis Source: Dextools.io

the baby The price is located within a strong support area, marked in yellow, which has historically attracted buying interest.

The recent bounce from this support level suggests that the downtrend may be losing steam. Additionally, the price is close to the 50-day simple moving average (SMA), which could act as a major resistance or support level depending on the next move.

The 200-day moving average, which is just below the current price, indicates that the long-term trend may remain positive.

Meanwhile, the Relative Strength Index (RSI) has reached 46.07, which is slightly below the neutral level of 50. This indicates that the market is neither overbought nor oversold, providing room for potential upside if buying pressure increases.

The Moving Average Convergence Divergence (MACD) indicator is showing a recent bearish crossover, with the MACD line below the signal line. However, the shrinking histogram bars indicate that the bearish momentum may be waning.

Baby Price is ready to soar.

In case of a breakout, Pepe price could rise towards the $0.00001734 level. This target is in line with previous highs, indicating a potential price rise of about 30-50% from the current level, depending on the strength of the breakout.

However, waiting for confirmation of the breakout above the falling wedge is essential before making any trading decisions, as failure to break the wedge could lead to continued consolidation or even further decline.

Pepe Unchained Coin Headed Towards $11 Million – Is The Next Meme Coin Exploding?

Meanwhile, PEPE fans are flocking to the new layer 2 meme coin. Baby Unlimited ($PEPU)which is fast approaching. $11 million in early funding.

This momentum has caught the attention of an analyst on 99Bitcoins, a prominent crypto YouTube channel, who says that $PEPU has 100x potential and is one of the best cryptocurrencies to buy right now.

Pepe Unchained is making a big impact on the market, and it has more than just the Pepe theme. While $PEPU is capitalizing on the meme coin trend, it also brings technological advancements that are catching the attention of crypto enthusiasts looking to boost their profits.

By combining utility with its meme appeal, embodied in its creative depiction of Pepe with a big brain, Pepe Unchained positions itself as a standout coin in the meme coin space.

Unlike many other projects, Pepe Unchained uses layer 2 technology to address the limitations of layer 1 networks. $PEPU also benefits from seamless integration with Ethereum, ensuring smooth transfers and compatibility with decentralized applications (dApps).

Mr. Baby 🐸

Relax, recharge, and plan for the next big steps. The weekend may be over, but the excitement is just beginning!! pic.twitter.com/ytnpMauezv

— Pepe Unchained (@pepe_unchained) August 26, 2024

The project also features low transaction costs, making it more accessible to a wider audience and allowing for better scalability, allowing for faster trades and handling higher transaction volumes without congestion.

Pepe Unchained also introduces a double-sharing mechanism that enhances rewards for $PEPU investors by reducing operating costs and increasing efficiency.

Currently, the rewards are $608.82 per ETH block, with an estimated annual return rate of around 185%.

You can buy $PEPU tokens for $0.0093477 each. But you need to hurry, because the price will go up in less than two days.

Buy $PEPU from its official website here using ETH, USDT or bank card.

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