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The Pepe price skyrocketed 74% in the last week, despite plunging 15% in the last 24 hours, to trade at $0.00002065 as of 8:46 p.m. EST on trading volume that dropped 55% to $5 billion, according to CoinGecko.
Pepe Price Could Still Soar
The Pepe price overall trend is bullish due to the sharp upward price movement followed by a consolidation phase forming a symmetrical triangle, a continuation pattern typically seen during bullish trends.
According to the PEPE/USDT chart analysis on the 4-hour timeframe, the price of Pepe now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained bullish trend.
The current Relative Strength Index (RSI) is at 54.05, slightly above the midline (50), suggesting neutral momentum after being overbought previously (as seen when the RSI was near 80 during the rally). The RSI cooling off from the overbought zone is healthy, as it allows the price to consolidate without major corrections.
Furthermore, the Average Directional Index (ADX) is at 44.98, which indicates a strong trend. Typically, an ADX above 25 confirms the presence of a trend, and readings above 40 suggest a robust one. This reinforces that the recent rally had strong momentum, though the trend strength is stabilizing during this consolidation phase.
A breakout above the triangle’s resistance (around $0.000020-$0.000022) could see the price resume its uptrend, potentially targeting new highs above the recent peak at $0.000030 or beyond.
PEPE/USDT Chart Analysis (Source: Tradingview)
Conversely, if the triangle breaks down, support levels to watch are the 50-day SMA ($0.00000162) and 200-day SMA ($0.00000112).
As the Pepe bulls aim for a continued surge, other investors are pivoting to new rival Pepe Unchained (PEPU), which 99Bitcoins, a crypto channel on YouTube with over 706K subscribers, says could surge 100X when it launches in just 25 days.
Pepe Unchained Presale Soars Toward $35 Million – Presale Ends In 25 Days
Pepe Unchained, the most successful presale of 2024, has just rocketed past $34.3 million after raising $4.3 million in just the past two days.
Its success is founded in the belief that this new meme coin might be about to dethrone PEPE, the third-biggest meme coin with a market capitalization of $8.7 billion.
PEPU makes no bones about its plan to take on PEPE. For that reason, it comes with its proprietary Layer 2 blockchain, and aims to free Pepe from the limitations of life on the old, clunky Ethereum network.
PEPU’s network is much faster, cheaper and more scalable than Ethereum. But it doesn’t stop there.
PEPU is building an ecosystem around its token and comes with its own decentralized exchange (DEX), a block explorer, and a bridging system designed for smooth interoperability between blockchains.
Another feature is the recently unveiled Pepe’s Pump Pad, a launchpad for meme coins that’s designed to rival Solana’s Pump.fun.
A developer grant program is also underway to attract creators who will build decentralized apps on its network.
In addition to all that, investor can also stake their PEPU tokens for an 81% annual return.
Pepe Unchained L2 Sneak Peek!
What we’re building is not just a new chain, but an entire ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced Analytics
🐸Builder GrantsPepe Unchained is coming. And it’s going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
A FOMO frenzy around the token is also attracting whale investors, who seemingly can’t get enough of $PEPU, as this $50,000 buy attests.
You can buy $PEPU tokens for $0.01287 each using ETH, USDT, or a bank card.
To join the presale, buy $PEPU from the official website here
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