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Driven by a surge in trading volume of 51% to $10.23 million, PepeCoin’s price has surged 22% in the past 24 hours, trading at $3.27 as of 4:15 a.m. ET. While PepeCoin began to see a price increase along with the rest of the crypto market when it became clear that Trump would become the next U.S. President, the project’s value surged yesterday afternoon, rising from just above $2.50 to the $3.50 resistance level.
The bull run that caused most digital assets to surge on November 7 has since weakened slightly, likely due to many traders taking advantage of the opportunity to profit. However, PepeCoin still gained 22% in a single day and more than 35% in the past week.
The project has yet to reach the heights seen in March and April of this year when Bitcoin hit its first all-time high (ATH) since 2021. At that time, PEPECOIN soared to $7.4.
Nonetheless, the token’s current price is 17,450% higher than it was in November 2023, marking 2024 as an extremely successful year for the project.
PepeCoin Price Prediction
As mentioned earlier, PEPECOIN pulled back slightly after reaching the 3.50 resistance level, but it has already started to recover from this slight price drop. Its technical indicators also suggest this, and while the price of the project seems to be heading towards the 3.50 resistance level again, some indicators suggest that it may not be able to break through, at least for now.
Shortly after PEPECOIN broke below resistance, the project’s Bollinger Bands narrowed, but the price quickly returned to the upper band and is pushing it higher at the time of writing. In other words, as the project’s value continues to climb toward resistance, the Bollinger Bands are slowly expanding again.
While the Bollinger Bands show signs of returning to bullish behavior, the project’s relative strength index (RSI) suggests that there is still some room for growth, although it may not be significant.
Yesterday, PEPECOIN’s RSI surged deep into overbought territory as crypto optimism reached new heights. The RSI reached a value of 90 and even slightly exceeded this before a correction began, dropping it back to a value of 38.86.
Interestingly, traders did not wait for the RSI to drop to a value of 30, where the oversold zone begins, but took action ahead of time. This began to push prices higher, and the RSI showed enhanced bullish behavior, increasing its value to 62.42. This is its value at the time of writing, and while it continues to grow, it is growing at a steady rate.
This shows that bulls are dominating the market, but this time they are doing it strategically and are in control. Therefore, PepeCoin could see a price drop once the RSI reaches a value of 70 – the beginning of the overbought zone. While this would be a planned and calculated move, traders looking to buy this popular meme coin should be aware of this possibility.
However, there is also the possibility of market disruptions as the broader market could see rapid trend changes which could also affect PepeCoin.
A promising alternative to PepeCoin
While PepeCoin seems to be approaching its limit for the time being, YouTuber Jacob Crypto Bury (who has over 43,400 subscribers) says that Pepe Unchained (PEPU) could be the next 10x cryptocurrency.
The project’s advantage over other Pepe-inspired memecoins is that it has its own blockchain. Even the third-largest memecoin by market cap, Pepe (PEPE), cannot boast of having its own chain, but instead runs on Ethereum’s old and clunky network.
Of course, Ethereum is home to thousands of cryptocurrencies and has technical limitations. The same is true for Pepe, which means its transactions are slow and expensive.
On the other hand, Pepe Unchained breaks away from Ethereum’s constraints by developing its own L2 blockchain, which enables it to offer almost instant speeds and negligible transaction costs.
Not only that, but it is also developing its own ecosystem with its own decentralized exchange, block explorer, bridges, etc. It will even offer grants to developers who choose to build on its network.
It also just unveiled a plan to launch its own memecoin launchpad to compete with Solana’s Pump.fun. Pepe’s Pump Pad aims to make Ethereum the center of the memecoin universe.
Similar to Pump.fun, Pepe's Pump Pad makes it easy for anyone to create their own memecoin without programming knowledge. Users can launch memecoins with just two clicks.
Pepe Unchained is already one of the most successful memecoin presales of all time, raising over $25.5 million.
Meanwhile, its price is still only $0.01239. If you decide to join thousands of investors, you can buy PEPU using ETH, USDT, BNB, or a credit/debit card.
Buy soon to get the best deal as the price is going up in less than 2 days.
Visit PEPU.
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