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The Ethervista price surged over 36% in the last 24 hours to trade at $15.92 as of 8:03 a.m. EST as investors rush to buy the altcoin.
Following the strong 24-hour performance, the VISTA price is now also up more than 2% on the weekly time frame, but still down 45% over the last month.
The Ethervista Price Trying To Escape A Medium-Term Bearish Channel
4-hour chart for VISTA/USD (Source: GeckoTerminal)
The Ethervista price is attempting to break out of a descending price channel. Should the crypto close a 4-hour candle above the $14.43 resistance level within the next 8 hours, it could have the technical foundation to continue rising in the following 24 hours. Bulls might then push VISTA to the next barrier at $19.30. Continued pressure from bulls could elevate it to $23.70.
However, the Ethervista price failing to close a 4-hour candle above $14.43 within the next 8 hours might invalidate the bullish thesis. In this alternative scenario, VISTA could be at risk of falling back to within the aforementioned bearish channel. The altcoin might subsequently end up testing the $9.60 support in the short term.
Technicals Suggest The Ethervista Price Has Ample Room To Keep Climbing
From a technical perspective, indicators on VISTA’s 4-hour chart suggest the Ethervista price could keep climbing through the course of the next trading day. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators show positive signs.
RSI readings have risen in the last few hours, with the latest reading at around 58. This, together with the positive slope of the RSI line suggests that buyers might keep pushing the crypto’s price higher in the coming 24 hours and that there is still room for the altcoin to climb before it can be considered overbought.
Meanwhile, the MACD line recently crossed above the MACD Signal line. Traders generally see this technical event as an indication that a crypto has entered a short-term positive trend. With the growing gap between the two technical indicators, it seems VISTA’s bullish momentum is picking up steam.
While VISTA shows a lot of bullish strength, a layer-2 meme coin by the name of Pepe Unchained (PEPU) is going ballistic in presale fundraising with more than $13.6 million raised.
Pepe Unchained (PEPU) aims to elevate the popular PEPE meme coin to the next level through the project’s native layer-2 blockchain network. Up until now, holders of the frog-themed token have had to put up with the unreasonably high transaction fees and slow processing times of the congested Ethereum network.
By shifting PEPE’s transaction processing work off of the Ethereum mainnet, Pepe Unchained will achieve network speeds that are 100 times faster than that of any meme coin deployed on the legacy layer-1 Ethereum chain. What’s more, token holders will be able to send and receive crypto at a fraction of the cost using PEPU.
Although the project’s focus is primarily on improving PEPE, the Pepe Unchained network will eventually become a launchpad for the next wave of meme coins. This will introduce an unprecedented level of utility and scalability to the lighthearted sector of the crypto space.
Pepe Unchained will still rely on the Ethereum network for final transaction verification. As such, investors will be able to seamlessly bridge their assets between the Ethereum and Pepe Unchained networks.
The project’s meme coin appeal and layer-2 capabilities has excited analysts and experts. In a recent video, popular YouTuber ClayBro told his 130K subscribers that PEPU has the potential to yield 100X returns for investors after launch.
The project could also see a number of projects enter its ecosystem following the launch of the Frens With Benefits initiative. This is a grant program that incentivizes developers to build on Pepe Unchained’s network.
Investors Rush To Buy PEPU At ICO Prices
There is still time for anyone looking to purchase PEPU to acquire the token. Currently selling for $0.0098, the meme coin can be bought using either ETH, USDT, BNB or bank card.
UP ONLY!
Presale is LIVE. Get in here, fren. pic.twitter.com/kcGpmkMhrB
— Pepe Unchained (@pepe_unchained) September 12, 2024
Once purchased, the tokens can also be staked for an impressive APY of 152%. Investors looking to lock in the best rate and maximize their staking rewards will want to act fast. PEPU’s price is set to increase in less than 24 hours and during subsequent stages of its presale.
Purchase and stake PEPU here for the 152% APY before its price increases.
Related Articles:
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Soon
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