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The Book Of Meme price has soared 23% in the last 24 hours to trade at 0.008876 as of 3:30 a.m. EST fueled by a 161% surge in trading volume to $845 million.
Book Of Meme Price Breaks Above The Rounded Bottom
The BOME/USD price chart shows clear signs of a bullish breakout, highlighted by the formation of a rounded bottom pattern, strongly indicating a potential trend reversal from bearish to bullish.
The price has successfully broken above the neckline, which is positioned at $0.009045, confirming the breakout and signaling a possible continuation of the upward trend.
The Simple moving average, the 50-day SMA, is currently at $0.00673225, while the 200-day SMA is slightly lower at $0.00669797. A potential SMA crossover is on the horizon, where the 50-day SMA might cross above the 200-day SMA, forming what is known as a golden cross, a powerful bullish signal that points to sustained upward momentum.
BOMEUSD Analysis Source: Dextools.io
The MACD indicator also supports this bullish outlook, with the MACD line (0.000518) crossing above the signal line (0.000333), indicating increasing buying pressure. The rising MACD histogram further confirms this growing momentum on the buy side. While bullish, there could be a short-term pullback or consolidation before the next leg higher, as the price has surged significantly in a relatively short time.
Book Of Meme Price Could Continue The Uptrend
The breakout point at $0.009045 serves as a crucial marker, with the next potential resistance around $0.01. On the downside, the $0.0067 level, aligning with both the 50-day and 200-day moving averages, acts as critical support. A drop below this support could signal a possible reversal of the bullish trend and trigger a correction.
While the chart reflects strong bullish momentum, supported by multiple indicators, the overbought RSI suggests that some consolidation or a minor pullback could occur before the price continues its upward movement.
Pepe Unchained Closes On $20 Million
As the Book of Meme price continues to climb, the new meme coin Pepe Unchained(PEPU) is rapidly gaining momentum, with its presale blasting past $19.4 million and showing no signs of slowing down.
Recent large investments in Pepe Unchained include significant contributions from a whale investor, with purchases of $50,000, $16,000 and $15,000 last week. The tokens also were staked, signaling a long-term commitment to the project.
Popular YouTuber Austin Hilton, who boasts over 275k subscribers, revealed in a recent video that he also has more than doubled his initial $10K investment in the token.
Much of the hype around Pepe Unchained is generated by the fact it comes with its own layer 2 blockchain called Pepe Chain. It is a specialized Layer 2 network aimed at addressing some of Ethereum’s, and thus the OG Pepe meme coin’s, enduring challenges.
That is why Pepe Chain is designed to be faster and more cost-efficient, capable of processing transactions up to 100 times quicker while significantly reducing gas fees. Notably, it maintains full compatibility with existing Ethereum decentralized applications (dApps) and services.
The frog with the golden brain gearing up for L2 launch.
Join our official telegram to hang with the community!https://t.co/ahmb9L28KX pic.twitter.com/8hJQ7IuvJh
— Pepe Unchained (@pepe_unchained) October 5, 2024
PEPU Launches Developer Grant Initiative called ‘Frens with Benefits’
Beyond its Layer 2 ambitions and ongoing presale, Pepe Unchained is making progress in other areas as well. The project recently launched a developer grant initiative called ‘Frens with Benefits,’ aimed at nurturing its ecosystem.
This program aims to attract new talent and facilitate substantial dApp development on the Pepe Chain.
Skipping into the week, working on that Sunday sweat.
Pepe is makin’ gainz! 🐸💪 pic.twitter.com/CyJ52S8GF2
— Pepe Unchained (@pepe_unchained) October 13, 2024
Another of the presale’s highlights is the option to stake $PEPU tokens right after purchase for an annual return of 113%. More than 1.4 billion PEPE tokens have already been staked.
Investors can purchase $PEPU tokens for $0.00998 using $ETH, $USDT, $BNB, or a bank card. Potential buyers who want to lock in the best rate will want to act fast because PEPU’s price is set to increase in slightly more than 1 day.
Buy PEPU tokens on the official website here.
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