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Pepe’s price has risen more than 11% over the past seven days after a 2% decline. He falls In the past 24 hours to trade at $0.00001268 as of 12:00 AM EST.
Despite the positive weekly performance, PEPE price remains deep in the red over the past month with a 20% decline.
However, crypto analyst Blontz told his 263.5k followers on X that Pepe is ready to go higher.
wonder $baby Here, 5 gentle waves can be seen rising and then descending again.
One of the few alternatives that is virtually non-smoking and reaches new lows in yesterday/today’s carnage. pic.twitter.com/3LB1EHOjPh
– Bluntz (@Bluntz_Capital) June 24, 2024
He sees PEPE embarking on a five-wave rally that would see it rise about 14% to $0.0000145.
Pepe price starts to consolidate
4-hour chart of PEPE/USD (Source: Gecko Terminal)
Baby price has entered a consolidation phase between $0.00001179 and $0.00001364 over the past 24 hours. This period of sideways trading could be a prelude to a major move.
If the bulls decide to pick up baby Pushing its price higher, they may try to flip the $0.00001364 resistance level into the support level. After that, the meme coin may have the technical foundation to continue rising in the next couple of days. With enough buying pressure, the price of Baby could rise to $0.00001550.
On the other hand, a PEPE drop below the immediate support at $0.00001179 over the next 12 hours could invalidate the bullish thesis. In this alternative scenario, the memecoin faces the risk of falling to the subsequent mark at $0.00000975 in the next 48 hours.
Pepe price is starting to lose some of its upward strength
Technical indicators on the 4-hour chart of PEPE suggest that the price of Pepe could decline during the next trading day. More specifically, the Moving Average Convergence Divergence (MACD) indicator is about to trigger a major bearish technical signal.
Over the past 24 hours, the MACD line has collapsed towards the MACD signal line. Traders generally see this as a sign that the short-term positive cycle that the cryptocurrency has been experiencing is coming to an end. If the MACD line collapses below the MACD signal line in the next few hours, this may indicate that PEPE has entered a bearish phase.
Meanwhile, the Relative Strength Index (RSI) has started to settle in the low 60s. Although the index is bullish above 50, a settlement from the RSI line could be an early sign of an upcoming downtrend reversal.
If the RSI line starts to decline, the bulls may be at risk of losing their current advantage against the bears. As a result, it may be easier for sellers to withdraw baby If the price falls in the next few days, it will be difficult for buyers to push it higher over the same period.
As PEPE tries to escape the consolidation process, investors are rushing to take advantage of the participation yield offered by the presale token. Baby Without Chains (PEPU).
Scalability, speed, and low fees, all in one meme coin.
Pepe Unchained (PEPU) is unlike any other coin because it comes with a native layer 2 network. This not only frees it from the limitations of Ethereum, but also offers unprecedented speed, scalability, and extremely low fees.
Thanks to its dedicated network, Pepe Unchained is poised to achieve transaction speeds 100x faster than the majority of coins hosted on the Ethereum network. In addition to the accelerated transaction capability, Pepe Unchained’s second layer chain will also come with its own explorer.
Pepe Unchained’s entry into the market comes at an opportune time, as Ethereum transaction fees are starting to rise and investors continue to go crazy over meme coins.
Analysts also see the meme coin as bullish. In a recent video, popular crypto user Jacob Bury told his 41.1k subscribers that Pepe Unchained could be the next 10x PEPE derivative.
Strong start
Pepe Unchained has taken the market by storm, raising $100,000 within minutes of the presale starting. Investors are still rushing to buy the meme coin at this early stage, with the total ICO now just under $1 million.
In addition to the speculative potential, the Pepe Unchained team is also rewarding buyers at this early stage handsomely. Anyone who purchases a meme coin through its ongoing presale will have access to a lucrative staking opportunity that offers a 2,134% annual return.
Who’s ready for the next stage of Baby’s adventure? 🚀
A new dimension has opened for Pepe! Join Pepe’s Layer 2 now and experience the future. 🐸🧠 pic.twitter.com/8NGeDIdXUg
— Pepe Unchained (@pepe_unchained) June 26, 2024
To take advantage of this opportunity, investors can acquire the token through the simple purchase tool included on the project’s official website. Selling for $0.0080964, PEPU can be purchased using ETH, USDT, BNB or bank card.
Investors will want to hurry because the meme coin is set to surge in price in less than three days.
Buy PEPU and shares here for up to 2,134% annual rewards.
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