Pepe (PEPE), whose price has increased by 12% in the last day, has lately gained a lot of traction in the cryptocurrency market. With a staggering $968 million worth of trading activity over the course of a day, Pepe is currently trading at $0.000009.
Even though there was a recent decline of 0.64%, Pepe’s market capitalization of $3.78 billion puts it in the top 25.
This meme coin creates excitement among traders and investors alike, with 420.69 trillion PEPE coins in circulation.
Pepe Technical Analysis: Critical Levels to Watch
Pepe’s price is straddling two major trendlines on the 4-hour chart, indicating a critical technical intersection.
Around $0.00000986, the downward trendline is currently capping gains, making this a crucial resistance level.
However, the upward trendline offers strong support close to the $0.00000814 level, acting as a buffer against future sell-offs.
Although it has slightly decreased, the Relative Strength Index (RSI) is still above 50, suggesting that the bulls are still in charge of the market.
This shows that even though buying momentum may have slowed down a little, market sentiment is still generally positive.
Additionally, the 50-day Exponential Moving Average (EMA), which serves as a dynamic support level, is situated at $0.00000830, just below the current price.
By giving traders a sense of security, this EMA may prove to be extremely important in halting additional declines.
Pepe Price Retraces 38.2%; What to Expect Next?
The next significant support zone to watch is in the vicinity of $0.00000751, should Pepe’s price break below the $0.00000814 support level.
🚀 Pepe Price Update: On the 4-hour chart, $PEPE is at a critical technical crossroads. Key levels to watch: resistance at $0.00000986 and strong support at $0.00000814. Will bulls push it higher? 👀#PepeCoin #CryptoAnalysis #BTC pic.twitter.com/vAQWGAa5zi
— Arslan Ali (@forex_arslan) August 25, 2024
On the other hand, a bullish breakout above the resistance level of $0.00000931 might rekindle buying interest and push Pepe up towards higher resistance levels.
Conclusion: Is $10 Per Coin Achievable?
Pepe’s position above the $0.00000814 support level indicates that it is likely to continue in a bullish trend.
Although traders should keep a close eye on these crucial levels for possible breakout opportunities, upside targets around $0.00000931 and beyond are within reach.
Despite the seemingly lofty $10 per coin target, Pepe may see considerable short-term gains based on the current momentum and market sentiment.
The Arguments for Including Pepe Unchained ($PEPU) in Your Crypto Portfolio
Moving past the fervor surrounding Pepe Coin, it is evident that meme coins are sweeping the cryptocurrency landscape. Pepe Unchained ($PEPU), one of the more promising newcomers, is attracting attention quickly due to its potential to yield significant returns.
- Presale Advantage: Crypto experts such as Jacob Crypto Bury suggest that investing in $PEPU during its presale phase could yield substantial profits.
- Passive Income Opportunity: Because of the great opportunity to earn passive income provided by the 499% APY staking feature, $PEPU is a competitive player in the market.
- Investor Confidence: Strong investor confidence in the project’s long-term success is evident from the 321 million $PEPU tokens that have already been staked.
Don’t Miss Out on the Pepe Unchained Presale
- Secure Investment: Pepe Unchained’s smart contract has undergone thorough audits by Coinsult and SolidProof, ensuring a secure investment opportunity.
- Easy Purchase Options: It is easy to buy $PEPU because you can do it with ETH, USDT, BNB, or even a credit card.
- Take Action Now: It is now possible to potentially increase your wealth significantly as the presale approaches its next price increase.
Well-known cryptocurrency YouTuber Jacob Crypto Bury, who highlights the advantages of making early investments in presales like Pepe Unchained and forecasts robust growth for meme coins this year, concurs with this upbeat assessment.
Buy $PEPU Presale Now
From its $10.51 million target, the presale has raised $10.49 million as of the most recent update.
The price of 1 $PEPU is currently $0.0089461, but the next price increase is quickly approaching. Prevent price increases by protecting your investment!