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Pepe price has dropped by 21% in the past month and by about 5% in the last 24 hours to trade at $0.00001151 as of 00:15 AM EST with trading volume down by 10%.
This comes as the cryptocurrency sector, including Dogecoin (DOGE) and Shiba Inu (SHIB), is in a downturn, causing the sector’s market cap to drop by about 2% to $48.76 billion.
Meme coins are still making waves! PEPE Coin recently saw a 13% drop, but there’s excitement around Kai Cat Coin as it gains momentum. Is it the next big contender in the crypto world? Keep an eye on it! 🚀🐱 #cryptocurrencies #meme_coins #babycoin #Kai Kat Coin pic.twitter.com/kAiFq16ewR
— Meme Lord (@meme_llordd) July 2, 2024
Predict the price of baby
Pepe price is testing the lower bound of a rising parallel channel. While the bigger picture remains bullish, this outlook is under threat as the meme coin makes lower highs. If the confluence of support between the 50% Fibonacci level at $0.00001071 and the lower bound of the channel breaks, Pepe price could roll over.
This directional bias could lead to the altcoin sweeping away liquidity on the sell side before a potential recovery. Traders may consider placing a stop loss around the psychological $0.00001000 level in this regard.
However, if the selling pressure overcomes the buyers’ momentum, the Pepe price may extend the decline. Such a move would make the frog-shaped token offer another buying opportunity around the $0.00000776 support level.
Notice the lower highs of the Relative Strength Index (RSI), which indicates a decline in momentum. Its position below the 50-average threshold along with the Moving Average Convergence Divergence (MACD) position in the negative territory increases the chances of a downside.
GeckoTerminal: PEPE/USD 1-Day Chart
On the other hand, if the 50% Fibonacci level holds as a support floor, Pepe price may find a turnaround here. While turning the $0.00001335 resistance level into support would be ideal, the bearish thesis will only be invalidated once the price crosses the $0.00001800 threshold.
With Pepe price struggling to hold above a critical support level, investors are rushing to buy the new Pepe Unchained (PEPU) token, which has surged to $1.88 million in funds raised after raising over $660,000 in the past 48 hours.
According to 99Bitcoins, a crypto YouTube channel, PEPU is one of the best cryptocurrencies to buy right now, with the potential to rise 100x after its launch.
A promising alternative to PEPE
Baby is not tied It aims to emulate the success of its predecessor PEPE, which delivered amazing returns to investors.
As the name suggests, Pepe Unchained aims to free Pepe from his old, complicated layer 1 world. PEPU will achieve this by running on its own Ethereum Layer 2 blockchain.
This addresses issues that meme coins running on the Ethereum Layer-1 blockchain often struggle with, including scalability, speed, and efficiency.
Baby has broken the chains with his own layer 2 blockchain solution:
🧠 Instant connection between ETH and Pepe Chain
🧠 Lowest transaction fees
🧠 100x faster transaction speeds compared to ETH
🧠 Custom Block ExplorerJoin the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/hluCsuV1Xz
— Pepe Unchained (@pepe_unchained) July 1, 2024
Token holders can earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 1050%. Over 152 million PEPU tokens have already been staked. Rewards will be distributed at a rate of 608.82 PEPU tokens per ETH block, which will be disbursed over a period of two years.
You can buy $PEPU tokens for $0.0081939 each. With the price rising in less than 21 hours, buy soon to get the best deal.
Visit and buy Pepe Unchained here.
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