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The PepeFork price surged over 37% in the last 24 hours to trade at $0.0000001985 as of 11:39 p.m. EST as traders purchase the meme coin at a rapid pace.
With this stellar 24-hour performance, the PORK price is now more than 159% in the green over the last 7 days.
The PepeFork Price Forms A Bullish Price Channel
4-hour chart for PORK/USD (Source: GeckoTerminal)
The PepeFork price printed a series of higher highs and higher lows on the 4-hour chart over the past 48 hours, resulting in the formation of an ascending price channel. Recently, the meme coin was able to break above the major resistance level at $0.0000002148, but traders quickly forced PORK below this mark again.
Should the PepeFork price close a 4-hour candle above $0.0000002148 within the next 12 hours, it could have the technical foundation needed to rise higher in the short term. However, a rejection from this barrier could lead to the altcoin testing the key support at $0.0000001718. Continued sell pressure should it fall to this point might see PORK plunge to $0.0000001325.
Technicals Warn Of A Potential Correction For The PepeFork Price
From a technical perspective, indicators on PORK’s 4-hour chart show the meme coin is in a bullish short-term trend. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators corroborate this. However, the RSI is starting to show signs of diminishing buyer strength, which could be followed by a price correction.
Over the last 24 hours, the MACD line has been breaking away above the MACD Signal line. Traders generally see this as an indication that a crypto is in a positive cycle and its bullish momentum is picking up steam. During the same period, RSI readings have also consistently risen, indicating that buyers have taken control of the PepeFork price.
In the last couple of hours, the RSI line has started to level off in the high 80s. High RSI readings are usually seen as a sell signal, because they suggest that a crypto’s downside potential is greater than its upside potential. The recent leveling off of the RSI in overbought territory might therefore be an early sign of an upcoming price drop.
While buyers seem to be easing their pressure on the PepeFork price, investors continue to pour capital into the successful presale for layer-2 meme coin Pepe Unchained (PEPU).
Elevating PEPE To The Next Level
Pepe Unchained (PEPU) is on a mission to free the popular Pepe meme from the congested Ethereum network. Up until now, PEPE holders have had to deal with high network fees and slow processing times given the tsunami of new projects that enter the Ethereum ecosystem on a daily basis.
Through a dedicated layer-2 network, Pepe Unchained will move the bulk of PEPE’s transaction processing workload off of the Ethereum mainnet. Not only will this unlock substantially higher speeds, it will also allow token holders to transact at a fraction of the cost. Investors will be able to enjoy this improved transactional experience though Pepe Unchained’s native PEPU token.
Being a layer-2 scaling solution of the Ethereum chain, Pepe Unchained will also give investors the ability to seamlessly bridge their assets between the Ethereum and Pepe Unchained networks. This enables token holders to transact with the peace of mind afforded by Ethereum’s robust security framework, while also benefiting from low fees and lightning-fast speeds.
Analysts and experts are bullish on Pepe Unchained. Popular YouTuber Claybro told his 130,000 subscribers in a recent video that PEPU has the potential to soar 100X.
Investors Rush To Get In On PEPU At Presale Prices
More than $11 million has been raised through Pepe Unchained’s ongoing ICO so far, signaling strong investor confidence in the project’s future. In addition to its layer-2 capabilities and its meme coin appeal, there is a 180% APY on offer that might be exciting investors at this early stage.
We’ve smashed through $11M! 🐸💪 pic.twitter.com/gmbUxi6JhL
— Pepe Unchained (@pepe_unchained) August 29, 2024
Anyone can become eligible for these high rewards. All investors need to do is acquire the token via the simple buy widget embedded on the project’s website. Thereafter, the tokens need to be locked up through the staking page for investors to start earning passive rewards.
Selling for $0.0093851, the meme coin can be bought using either ETH, USDT, BNB or bank card. Potential buyers looking to lock in the best rate will want to hurry, because the token’s price is scheduled to increase during the subsequent stages of its ICO.
Purchase and stake PEPU here for the 180% 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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