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Pepe price is down 21% in the last week and 5% in the last 24 hours. Trading at $0.000007204 As of 12:30 AM ET, trading volume has increased by 51% to $808 million.
Baby Price Bulls Form Strong Support Area
the baby Technical indicators on the daily chart are pointing to a continuation of the falling wedge pattern. The price is currently consolidating near the lower trend line of the wedge, indicating a potential readiness for an upside breakout. The key support area around 0.0000007710 holds, reflecting buying interest at this level and helping to prevent further declines.
PEPEUSD Analysis Source: Dextools.io
The 50-day moving average (blue line) is collapsing towards the 200-day moving average (green line), indicating that baby Short-term positive momentum is losing steam.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows that the average line has crossed below the signal line, which is a bearish signal. However, the shrinking histogram bars indicate that the downward momentum may be weakening.
Additionally, the RSI is at 38.34, indicating that the market has not yet reached overbought levels, providing room for a potential move higher.
A breakout above the upper boundary of the wedge could push the price towards the indicated target price level, indicating a significant shift in sentiment. However, if the price fails to breakout, a retest of the support area could occur.
Baby Price Prediction: Bulls ready to bounce back
A confirmed breakout above the wedge pattern and moving averages, along with bullish signals from MACD and RSI, is needed for further confirmation.
If the price manages to stay above the support area at 0.0000007710 and shows signs of consolidation, a breakout above the falling wedge pattern becomes more likely.
A move above the 50-day SMA at 0.0000009522 could ignite further bullish momentum, which could push the price towards the target at around $0.0000015031.
Pepe Unchained Headed Towards $12 Million – Is The Next 100X Meme Coin Exploding?
As Pepe traders look to buy the dip, more investors are turning to the new layer 2 meme coin Baby Unrestricted (PEPU) Which is racing to raise $12 million in early pre-sale funding.
Cryptocurrency analyst and YouTuber Claybro says PEPU is a must-have meme coin, predicting it could surge 100x after launch.
This project features an innovative layer 2 ecosystem, which features a custom blockchain created specifically for meme coins.
At the core of this initiative is the Pepe Unchained Network, designed to address common challenges in the meme coin market by providing faster transaction speeds and lower fees while maintaining compatibility with the Ethereum blockchain.
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 Pepe Unchained team claims the new blockchain can deliver speeds up to 100 times faster than Ethereum.
Additionally, the project offers a staking protocol that allows PEPU token holders to lock their tokens and earn rewards. Currently, the estimated annual return is 172%. Investors have been quick to take advantage of these rewards, with over 911 million PEPU tokens already at stake.
The project also offers low transaction fees, making it more accessible and scalable, as well as allowing for faster trades and handling higher transaction volumes without congestion.
You can buy PEPU tokens for $0.0094226 using the purchase tool built into the project’s official website. However, you might want to hurry, as the price of meme coin will rise in less than 3 hours and will continue to rise during the subsequent stages of the meme coin presale.
Buy PEPU tokens here using ETH, USDT or bank card.
Related articles:
Most Searched Cryptocurrency Launched – Pepe Unchained
- Layer 2 meme coin ecosystem
- Featured on Cointelegraph
- SolidProof and Coinsult audited
- Participation Rewards – pepeunchained.com
- Over $10 Million Raised in ICO – Ends Soon
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