Pepe

PEPE

The Pepe price has soared 10% in the last 24 hours <a href="https://www.coingecko.com/en/coins/pepe" rel="noopener noreferrer nofollow">to trade at </a><a href="https://www.coingecko.com/en/coins/pepe" rel="noopener noreferrer nofollow">$0.00001041</a> as of 7:15 a.m. EST on a 7% drop in trading volume to $2.5 billion.
<h2 id="pepe-price-spikes-in-successive-bullish-candles">Pepe Price Spikes In Successive Bullish Candles</h2>
The daily chart of the PEPE/USDT&nbsp; pair shows a series of technical patterns indicating a potential bullish trend. Initially, the price was in a downtrend, forming a bearish wedge pattern from March to August.
This wedge featured descending resistance and support lines, a setup that often hints at an impending reversal. In August, the price broke above the wedge, signaling a shift in momentum.
The price established a significant support level near $0.000000951, creating a double-bottom pattern. This formation is bullish, indicating that buyers are defending this level and possibly preparing for a trend reversal. This support has held strong, making it a critical price floor for future movements.
<img decoding="async" class="aligncenter wp-image-595714 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/11/PEPEUSDT_2024-11-07_14-16-53.png" alt="Pepe price" width="1281" height="544" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/PEPEUSDT_2024-11-07_14-16-53.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/11/PEPEUSDT_2024-11-07_14-16-53-300x127.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/PEPEUSDT_2024-11-07_14-16-53-1024x435.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/PEPEUSDT_2024-11-07_14-16-53-768x326.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
PEPEUSDT Analysis Source: <a href="https://www.tradingview.com/x/q5rPH0y4/" rel="noopener noreferrer nofollow">Tradingview</a>
The chart also includes the 50-day (green line) and 200-day (blue line) moving averages, which appear to be converging near the current price level of approximately $0.000000988. The fact that the price is trading above both moving averages is a positive indicator, as it implies bullish momentum in both the short and long term.
<h2 id="pepe-price-indicators-support-the-bullish-reversal">Pepe Price Indicators Support The Bullish Reversal</h2>
After retesting the support level, the Pepe price started to rise, suggesting a bullish reversal that could target higher levels. The chart highlights a potential target price around $0.000001400, a likely next resistance if the current bullish momentum continues.
The Relative Strength Index (RSI) at the bottom of the chart is around 59.24, which is in the neutral-to-bullish range. An RSI above 50 generally supports a bullish outlook, and with the current reading not yet overbought, there may be room for further upward movement.
There outlook for PEPE is positive, with a strong base at major support, a breakout above a bearish wedge, and supportive signals from moving averages and RSI. If the bullish trend persists, the price could aim for the target level near $0.000001400.
<h2 id="pepe-unchained-presale-blasts-past-25-3-million-best-crypto-to-buy-now">Pepe Unchained Presale Blasts Past $25.3 Million – Best Crypto To Buy Now?</h2>
As the Pepe price soars, investors are also flocking to buy a new layer 2 rival meme coin called <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a>, which has just crashed past $25.3 million in one of the biggest presales ever.
This bullish momentum has been boosted by substantial whale purchases with the latest transaction <a href="https://etherscan.io/tx/0x971b12317eb29fb5aae0a911f8ca567efa7872889dbf737e6a542734e2a0a372" rel="noopener noreferrer nofollow">recorded on Etherscan for $84,000</a>.
An analyst on the YouTube channel 99Bitcoins, with over 706K subscribers, predicts PEPU could surge 100X once it launches.
<iframe title="PEPE MEME COIN EASY 50X TO 100X!! PEPE UNCHAINED PRESALE GEM!" width="640" height="360" src="https://www.youtube.com/embed/g32M_IC-lsg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
Pepe Unchained comes with its own Layer 2 blockchain and aims to free the OG PEPE from its clunky Ethereum blockchain, thus catapulting it into the modern era.
With lightning-fast transaction speeds, reduced costs, and enhanced scalability, the Pepe Chain network is setting a new standard. Its advanced capabilities have even led some analysts to speculate that it could dethrone PEPE as the top frog-themed meme coin.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 TODAY IS A BIG DAY!!! 🔥
 Not only have reached the $25M milestone, but we have a major announcement for you all.
 Buckle up and read below 👇 <a href="https://t.co/Y2dEhrozb1" rel="noopener noreferrer nofollow">pic.twitter.com/Y2dEhrozb1</a>
 — Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1854143335059046624?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 6, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Pepe Unchained is also opening its ecosystem to other meme coins and has unveiled a meme coin launchpad powered by the project’s L2 technology. It looks set to catapult Ethereum into the meme coin spotlight, challenging Solana’s dominance with Pump.fun.
<a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe’s Pump Pad</a> makes it easy to create a meme coin, with no coding knowledge required. Anyone can can thus launch their meme coins with just a simple two-click process on the website.
Several Tier 1 exchanges have already shown interest in listing PEPU, underscoring the project’s massive appeal.
That’s not all. Investors can also earn passive income by staking PEPU tokens for a huge 94% annual return.
Investors can currently buy $PEPU tokens for just $0.01229. With a price increase due in less than 14 hours, now is the time to secure the best deal.
<a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Buy $PEPU using ETH, USDT, or a bank card on the official website here.</a>
<h2 id="related-articles">Related Articles</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/trump-victory-fires-bitcoin-past-75k-as-pepe-unchained-hits-25m-milestone-unveils-pump-fun-rival" rel="noopener noreferrer nofollow">Trump Victory Fires Bitcoin Past $75K As Pepe Unchained Hits $25M Milestone, Unveils Pump.fun Rival</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/is-it-too-late-to-buy-grass-grass-price-skyrockets-27-and-this-might-be-the-next-crypto-to-explode" rel="noopener noreferrer nofollow">Is It Too Late To Buy GRASS? Grass Price Skyrockets 27% And This Might Be The Next Crypto To Explode</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-btc-targets-100k-ath-before-donald-trump-inauguration-day-as-experts-say-this-politifi-crypto-might-100x" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: BTC Targets $100K ATH Before Donald Trump Inauguration Day As Experts Say This PolitiFi Crypto Might 100x</a></li>
</ul>

Pepe Price Prediction: PEPE Soars 10% As This New Rival Races Toward $26 Million In Presale

Table of Contents

Inside Bitcoins

Other articles published on Nov 7, 2024

Top 3 Solana Meme Cryptos Forecasted for Major Growth

Cardano, XRP, or XYZ? The All-Sports Memecoin to Watch for 2025

The 19,900% Phenomenon: Why XYZ Could Be the Meme Coin of the Decade Outpacing Even PEPE

Crypto Lawyer Jake Chervinsky Reveals Candidates to Replace SEC Chairman Gensler! Here Are the De...

Pepe Meme Coin Eyes 200% Rally as 6-Month Price Resistance Weakens

DWF Labs Dismisses Partner Amid Drink-Spiking Allegations in Hong Kong

Join our free newsletter for daily crypto updates!