Meme coins have experienced a strong bullish trend in recent days, with many seeing double-digit rallies, including PEPE, which is on track to hit a new all-time high in October.
Pepe (PEPE) price has risen in line with a broader market upswing, reflecting increased investor confidence and a positive outlook for its future performance.
This article delves into Pepe’s fundamental, on-chain, and technical aspects, providing a comprehensive analysis.
Pepe (PEPE) price analysis
Pepe’s market cap is $4.7 billion, making it the 21st largest cryptocurrency out of 9,812 listed on CoinMarketCap (CMC).
Pepe’s trading volume reached $1.3 billion, ranking 9th and surpassing coins with higher values like LTC ($295 million), AVAX ($247 million), and DOGE ($937 million). This high activity points to a possible price increase, as higher volumes often come before price spikes. Pepe’s recent price movements have been strong.
An 8% gain followed a breakout from a falling wedge pattern, and many traders took advantage of this clear move. While the full upward move hasn’t finished, there’s still room for more growth. However, caution is needed, as Pepe’s parabolic rise could lead to pullbacks.
For those thinking of entering, waiting for consolidation or a pullback to key support levels might be safer. A buying chance may come if the price drops to the ATR band. On a larger scale, Pepe’s momentum indicators show signs of caution.
Although bullish moves are expected this week, the daily chart’s high momentum suggests possible pullbacks. Past data shows Pepe tends to pull back when it hits similar resistance levels, making a 15% dip likely in the short term.
Still, despite these dips, the overall trend is bullish, and long-term investors may see more gains as the momentum adjusts.
Pepe (PEPE) price prediction
Pepe’s price has jumped 34.19% in the past week. Recent market activity shows rising interest after Arthur Hayes endorsed meme cryptocurrencies. According to a Lookonchain tweet, Hayes mentioned $MOTHER, $MOG, and $PEPE specifically.
Hayes withdrew 24.39B $PEPE, worth about $252.68K, from Binance, which caught the attention of investors. This large withdrawal from the exchange might indicate that PEPE’s rally has just started and could rise significantly in the next few days.
Technical analysis shows that PEPE looks bullish and may increase by 30% soon. This positive outlook changed recently after breaking out from a long-term descending trendline and the horizontal support level at $0.00000875.
Historically, after a price surge of over 27% in the past two days, a slight price correction may happen. However, in the long term, PEPE seems very bullish and could rise by 30% to 90%, reaching between $0.0000132 and $0.00002 in the coming days.
With current market trends, the token’s outlook seems positive. Whales like Arthur Hayes are involved, and as Bitcoin and meme coins rise, the bullish momentum around PEPE will likely grow. Breaking through key resistance could lead to even bigger gains.
Pepe Unchained (PEPU): A new crypto to watch
Pepe Unchained’s presale is currently happening and has raised $16.5 million so far, making it one of the best ICOs on the market. Investors are eager to join early. The presale price, currently at $0.00989, will gradually increase over the campaign, with a price hike occurring in just over a day.
Those looking for the lowest price should act quickly. The presale system rewards fast action, contributing to $PEPU’s rapid growth. Buying into the Pepe Unchained presale is straightforward. Investors can use ETH, BNB, USDT, or a bank card for payment.
To invest, visit the Pepe Unchained website, connect a wallet, and select the cryptocurrency and amount to buy. This project addresses Ethereum’s scalability issues with a layer 2 blockchain focused on meme coins and related applications.
Most wanted Frog on the Block 😎 pic.twitter.com/ACbgccLKyg
— Pepe Unchained (@pepe_unchained) September 29, 2024
It aims to be a gateway to Ethereum’s memetic world, providing a scalable platform for users to trade meme coins directly from their Ethereum wallets. The “Pepe Chain” promises to be 100x faster and significantly cheaper than Ethereum.
With strong momentum, the team has shared some exciting news. They are negotiating with top centralized exchanges, which will introduce the project to a large group of investors after the presale.
They have also launched a development grants program called “Pepe Frens With Benefits,” designed to pay individuals for creating applications and tokens within the ecosystem. The Pepe Chain will include staking, a block explorer, a dedicated Ethereum bridge, advanced analytics, and additional features.
The project is taking all the right steps expected from a leading blockchain initiative. Moreover, the Pepe Chain will include a built-in staking app, currently offering estimated APYs of 130%. Investors have already locked up over 1.2 billion $PEPU.
By combining meme coins with layer 2 technology, Pepe Unchained positions itself at the forefront of crypto market trends. With support from the viral Pepe coin, the project appears well-equipped for ongoing success.
To take part in the $PEPU token presale, visit pepeunchained.com.
Related
Pepe Unchained Price Predictions for 2024 and Beyond – Why the Future Looks Bullish for $PEPU?
5 High-Potential Meme Coins to Buy Before October Surge – $NEIRO, $PEPU, $DOGS, $TURBO, and $BabyDoge
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