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Water prices decreased by 23% in the last 24 hours To trade at $0.002124 As of 7:15 AM EST, trading volume was down 17% to $57.53 million.
This decline came despite cryptocurrency exchanges Petgate Adding water to its PoolX platform.
Water prices rebound into a double bottom pattern
Water price remained stable within a narrow range, comfortably settling at the $0.001731 support level which formed a double bottom pattern indicating a trend shift to the upside.
This support has buoyed the bulls, pushing the price to the $0.002366 resistance level where they are aiming to reach higher highs.
WATERUSD Analysis (Source: Dextools.io)
Despite the recent decline in bearish activity, bullish investors are poised to push the price of Water beyond the $0.002858 mark, indicating a potential continuation of the upward trend.
Currently, the price is trading above both simple moving averages (SMA), which is now supporting the bullish momentum of water price and reinforcing the overall bullish sentiment in the market.
The MACD average line also crosses the signal line below the neutral level. Moreover, the green chart bars are positive, indicating increased investor interest. This consensus indicates a strong uptrend, with MACD indicators showing positive momentum.
In addition, the Relative Strength Index (RSI) has bounced from the oversold 30 levels past the 50 midline level to 60 near the overbought level of 70, indicating intense buying pressure.
Water price bulls may push the upside to a new high
If Water continues its upward trajectory, it may rise back to the previous resistance level, and settle at $0.003545. This continued upward movement indicates that in the coming weeks, there is a possibility that WATER will regain its all-time high of $0.004958, indicating a significant recovery in its market value.
Conversely, Water may face increased selling pressure if it struggles to break through this critical resistance. In such a scenario, attention will be drawn to the $0.001946 mark as an important support level that should be monitored closely.
This level will become crucial in determining whether the price of water will continue to stabilize or witness a further decline.
Advance sales for Pepe Unchained ($PEPU) exceed $1 million
Meanwhile, the new meme coin Pepe Unrestricted ($PEPU) The funds raised in the pre-sale have exceeded $1 million.
🚀 $1,000,000 raised! 🚀
The final chain has broken. From here on out, we’ll take it to the next level. Get ready for the second level final this summer. 🐸⛓️🧠 pic.twitter.com/tS2JSi8rHq
— Pepe Unchained (@pepe_unchained) June 27, 2024
Pepe Unchained (PEPU) stands out from other memecoins by offering its own native layer 2 chain on top of the Ethereum network. This move not only frees it from the constraints of Ethereum, but also provides unprecedented speed, scalability, and much lower fees.
Through this dedicated network, Pepe Unchained is set to achieve transaction speeds 100x faster than most cryptocurrencies hosted on Ethereum.
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
The timing of Pepe Unchained coming to market is instructive, especially with Ethereum transaction fees rising and interest in meme coins continuing to rise among investors.
In addition to its speculative appeal, the team behind Pepe Unchained will reward early buyers handsomely.
Participants in the current presale have the opportunity to purchase meme coin and access a very attractive staking opportunity that offers a 2,017% annual yield (APY).
Crypto YouTuber Jacob Burry says Pepe Unchained could be the next 10x PEPE derivative.
PEPU tokens are currently priced at $0.0080964 each. With a price increase scheduled to take place in about two days, potential buyers don’t have to wait long before securing the best deal.
Buy PEPU tokens on the official website here using ETH, USDT, BNB, or bank card.
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