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The Mumu The Bull price is up 150% on the weekly timeframe after a 34% surge in the past 24 hours to trade at $0.00009144 as of 7:25 a.m. EST.
With this meteoric rise, the MUMU price was able to establish a new all-time high of $0.0001002. Since reaching this peak earlier today, the meme coin has pulled back 7%.
The Mumu The Bull Price Trying To Flip A Major Resistance
4-hour chart for MUMU/USD (Source: GeckoTerminal)
The Mumu The Bull price was able to break above the resistance level at $0.00008212 in the last couple of hours, and is now attempting to flip the barrier into support. If MUMU closes a 4-hour candle above this mark within the next 8 hours, it could have the foundation needed to keep climbing in the next 12 hours. The crypto might then rise to as high as $0.00011345.
On the other hand, the Mumu The Bull price getting rejected by the $0.00008212 resistance level could invalidate the bullish thesis. In this alternative scenario, MUMU stands the risk of testing the $0.00004794 support. A break below this technical safety net might then lead to the meme coin falling to $0.00003085.
Mumu The Bull Price Still Showing A Lot Of Technical Strength
Technical indicators on MUMU’s 4-hour chart point to a continued increase in the meme coin’s price. However, potential bearish signs could start to show as indicators suggest the crypto is overbought. More specifically, traders might want to keep an eye on the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators.
In the last couple of hours, RSI readings have risen from 66 to 79. This indicates a lot of bullish strength, but it also signals that the Mumu The Bull price is entering overbought territory.
Traders could soon identify the current RSI readings as a short entry since they suggest MUMU’s downside potential is greater than its upside potential. However, it is not unusual for RSI readings to remain this high when a crypto is pumping.
Meanwhile, the MACD line is breaking away above the MACD Signal line. Not only could this mean that the Mumu The Bull price is in a positive trend, but also suggests that the meme coin’s bullish momentum is growing stronger. Traders will want to keep an eye on the MACD Histogram, since the indicator’s values have somewhat leveled off.
While traders wait to see if the Mumu The Bull price can clear the $0.00008212 resistance, the Pepe Unchained (PEPU) presale has blasted past $5.5 million in funds raised.
Unlocking A Turbo-Charged PEPE
Pepe Unchained (PEPU) aims to enhance PEPE, whose potential has been restricted by the congested Ethereum network. To achieve this, the project will launch its own layer-2 network with an upgraded version of PEPE as the native token.
This will not only enable transaction speeds 100 times faster than that of Ethereum, it will also lead to much lower fees.
Investors will still be able to seamlessly bridge their assets between Pepe Unchained and the Ethereum mainnet. This gives token holders the best of both worlds, as investors get to enjoy the low fees and lightning fast speeds of Pepe Unchained while benefiting from Ehtereum’s robust security.
With its layer-2 network, appeal to meme coin investors and its aim to create a more enhanced PEPE, it’s easy to see why an analyst from the 99Bitcoins YouTube channel is bullish on PEPU. In a recent video, the analyst predicted that the new meme coin could soar 10X.
High Staking Rewards Pull Investors In At A Rapid Pace
Pepe Unchained has raised over $5.5 million through its ongoing ICO. Beyond the 10X potential predicted by the 99Bitcoins analyst, another potential catalyst behind this investor frenzy might be the lucrative staking opportunity available to presale buyers.
Unbelievable milestone! $5.5M raised! 🎉
Thanks to your unwavering support, Pepe Unchained is reaching new heights! pic.twitter.com/kKKn0fqy6g
— Pepe Unchained (@pepe_unchained) July 26, 2024
Anyone who acquires the token using the simple buy widget embedded on Pepe Unchained’s website and locks up the PEPU token via the staking page will gain access to a 349% APY.
Investors interested to join the project should do so before a price hike in less than 24 hours.
Currently selling for $0.0086649, PEPU can be bought using either ETH, BNB, USDT or bank card.
Purchase PEPU here before its next price increase.
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