PEPE Price Plunges 8% As Experts Say Consider This 2.0 PEPE For Parabolic Gains

The Pepe price has plunged 8% in the last 24 hours to trade at $0.00008583 as of 7 a.m. EST on a 27% surge in trading volume to $907 million.

Pepe Price Faces Resistance Within The Falling Wedge

The PEPE/USD trading pair over a daily time frame indicates a potential bullish reversal. A Falling Wedge pattern is evident, typically a bullish signal when it appears in a downtrend.

This pattern shows a consolidation with lower highs and lower lows, indicating a weakening of the selling pressure. A breakout from this wedge could lead to a significant upward move, aligning with the suggested target price.

Pepe price

PEPEUSD Analysis Source: Dextools.io

Pepe price sits within a strong support zone, highlighted in yellow, which has historically attracted buying interest.

The recent bounce off this support level further suggests that the downtrend may be losing steam. Additionally, the price is near the 50-day simple moving average (MA), which could act as a key resistance or support level depending on the next movement.

The 200-day MA, slightly below the current price, suggests that the long-term trend could still be positive.

The Relative Strength Index (RSI) is at 46.07, slightly below the neutral 50 level. This indicates that the market isn’t overbought or oversold, providing room for potential upside if buying pressure increases.

The Moving Average Convergence Divergence (MACD) indicator shows a recent bearish crossover, with the MACD line below the signal line. However, the shrinking histogram bars suggest that bearish momentum might be waning.

Pepe Price Poised For A Bull Rally

If a breakout occurs, the price could rise toward the target level of $0.00001734. This target aligns with previous highs, suggesting a potential price increase of around 30-50% from the current level, depending on the strength of the breakout.

However, waiting for confirmation of the breakout above the falling wedge is essential before making any trading decisions, as failure to break the wedge could lead to continued consolidation or even further downside.

Pepe Unchained Storms Towards $11 Million – Next Meme Coin To Explode?

Meanwhile, PEPE lovers are flocking to this new layer 2 upgrade meme coin, Pepe Unchained ($PEPU), which has just rocketed towards $11 million in early funding.

This momentum has attracted the attention of an analyst on 99Bitcoins, a prominent crypto channel on YouTube, who says $PEPU is one of the best cryptos to buy now, with 100x potential.

Pepe Unchained is making a notable impact in the market, standing out for more than its Pepe theme. While $PEPU taps into the meme coin trend, it also brings technological advancements that catch the eye of crypto enthusiasts looking to boost their profits.

By combining utility with its meme appeal, exemplified by its creative depiction of Pepe with a large brain, Pepe Unchained is positioning itself as a standout in the meme coin space.

Unlike many other projects, Pepe Unchained utilizes Layer-2 technology to address the limitations of Layer-1. $PEPU benefits from seamless integration with Ethereum, ensuring smooth transfers and compatibility with decentralized applications (dApps).

It also Features low transaction costs, making it more accessible to a wider audience, and improved scalability, allowing quicker trades and handling higher transaction volumes without congestion.

Pepe Unchained offers a double staking mechanism that boosts rewards for $PEPU investors by reducing operational costs and increasing efficiency.

Currently, rewards are $608.82 per ETH block, with an estimated APY of 185%.  Over 865 million $PEPU tokens have been staked.

You can buy $PEPU tokens for $0.0093477 each. You must hurry, however, because the price will increase in less than 2 days.

Purchase $PEPU from the official website using ETH, USDT, or a bank card.

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  • Upcoming Crypto Presales: Unlock Early Investment Opportunities!
  • Ethereum Price Prediction As ETH Celebrates 9th Birthday And This Ethereum Layer 2 Meme Coin Explodes

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