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The Pepe price is up by 36% in the last seven day and 3% in the past 24 hours to trade at $0.00001253 as of 01:24 a.m. EST.
The PEPE price could record further upside as meme coins frequently reflect the broader optimism in the crypto market, and with Bitcoin’s price now above $65,000.
The holy quadrinity of memecoins$PEPE – @pepecoineth 🟢 $BRETT – @BasedBrett 🔵 $WOLF – @TheBoysClubWolf 🟣 $ANDY – @andycoinbsc 🟡 pic.twitter.com/2VwEUdsHBc
— comet (@cometcalls) July 16, 2024
Traders remain highly optimistic about PEPE, anticipating a bullish wave as altcoins continue to flash green.
$PEPE last wave of the cycle. pic.twitter.com/eCd0SXWQMg
— ᴀʟᴛꜱᴛʀᴇᴇᴛ ʙᴇᴛꜱ (@AltstreetBet) July 17, 2024
Moreover, as altcoins reflect current market sentiment, investors have observed that the Pepe trading volume has surpassed that of Binance Coin (BNB). This is despite BNB having a higher market capitalization than that of PEPE.
$PEPE has flipped $BNB in daily volume and $BNB has a market cap 17x higher than the frog 🤯 pic.twitter.com/mR64JlrKJz
— Brian Garrett (@BrianGarrett) July 16, 2024
PEPE Price Prediction
The Pepe price is trading with a bullish bias, exploding above the bearish technical formation. With a series of five green candlesticks, the Pepe price has escaped from the foothold of the descending parallel channel.
With the $0.00001177 level holding as a support, the upside potential for the meme coin remains high. Based on the volume profile, the green nodes suggest prevailing bullish sentiment in the PEPE market. The Relative Strength Index (RSI) is also climbing, suggesting increasing buying pressure.
Similarly, the position of this momentum indicator above the mean level of 50 reinforces the bullish thesis, showing the bulls lead the market. As the RSI remains below the 70 thresholds, it means there is still more room to the north before the PEPE token is considered overbought and due for a correction.
Moreover, the Moving Average Convergence Divergence (MACD) is also rising. This is after it recorded a bullish crossover when it crossed above the signal line (orange band). Such a move is often interpreted as a buy signal, and traders heeding this call could reinvigorate the bullish momentum.
A further upside would see the Pepe price overcome resistance due to the $0.00001338 resistance level. In a highly bullish case, the gains could see the frog-themed token’s price test the $0.00001490 threshold or extend the gains to $0.00001672 in the highly ambitious case. Such a move would constitute a 33% climb above current levels.
GeckoTerminal: PEPE/USD 1-day chart
Conversely, if traders start booking profits now, the ensuing selling pressure could see the PEPE price start to drop. A break and close below the $0.00001177 support level would threaten the upside. However, only a candlestick close below $0.00000843 would invalidate the bullish thesis.
As the Pepe price pushes for further upside, the new Pepe Unchained (PEPU) meme coin is rocketing towards $4 million in funds raised.
This layer-2 meme coin is taking the sector by storm and prompted the 99Bitcoins YouTube channel, with over 705k subscribers, to say it is has the potential to soar 100X after its launch.
Promising Alternative To PEPE
Pepe Unchained is a meme coin project following in the footsteps of its predecessor, the original Pepe (PEPE). But PEPU stands out as the first Pepe derivative to run on its own proprietary Ethereum Layer 2 blockchain.
It’s time to cross over!
Join us on the other side with Pepe’s Layer 2 blockchain. Exciting new adventures await! 🐸🐸 pic.twitter.com/jX7pZDJNYI
— Pepe Unchained (@pepe_unchained) July 15, 2024
The Pepe Unchained project is committed to addressing the scalability, speed, and efficiency characteristics associated with meme coins built on the Ethereum Layer-1 blockchain. With this objective, this Layer-2 (L2) blockchain meme coin plans to enable investors to seize market opportunities more efficiently.
Breaking News!
Pepe is set to launch his own Layer 2 blockchain! Exciting times ahead 🐸⛓️ pic.twitter.com/d9nXoQZ2dA
— Pepe Unchained (@pepe_unchained) July 16, 2024
You can also stake your holdings for an annual return of 485%.
Pepe has broken his chains with his own layer 2 blockchain solution:
🧠 Instant bridging between ETH and Pepe Chain
🧠 Lowest transaction fees
🧠 100x faster transaction speeds compared to ETH
🧠 Dedicated Block ExplorerJoin the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/hluCsuV1Xz
— Pepe Unchained (@pepe_unchained) July 1, 2024
You can buy PEPU tokens for $0.0084598 each. With a price hike coming in less than 15 hours, buy soon to lock in the best deal.
Visit and buy Pepe Unchained here.
Also Read:
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- Play To Earn Meme Coin Fusion
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- SolidProof Audited – playdoge.io
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