PEPE, the popular meme coin, has experienced a dramatic price surge of around 20% in the past 24 hours, fueled by a large purchase of 141 billion PEPE tokens by an undisclosed venture capitalist (VC).
This surge follows a month-long downturn in the cryptocurrency market, with PEPE emerging as a standout performer among meme coins.
Whales continue to accumulate $Pepe
This wallet accumulated 141.2 billion $Pepe, equivalent to 1.5 million USD. The wallet accumulated this $Pepe via CEX and now holds 608.8 billion $Pepe
We have reported on this wallet in the past and the wallet continues to show conviction… pic.twitter.com/GJtu1iwHGw
— PEPAY (,) backed by $PEPE (@pepaycoineth) July 16, 2024
While the coin’s current price of $0.00001178 reflects a slight pullback from its recent high, the relative strength index (RSI) of 61 suggests that bullish momentum may be waning.
A break below the pivot point of $0.0000119 could trigger further selling pressure, while a decisive move above this level could signal a continuation of the upward trend.
Beyond the recent price volatility, PEPE’s future is being shaped by other notable developments. Pepe Unchained, a new project leveraging the PEPE brand, is generating excitement with its presale and the promise of substantial returns for early investors.
The project’s staking feature, offering a 499% APY, has attracted considerable interest, with 321 million $PEPU tokens already locked up by investors. Investors are closely watching PEPE’s price action, as the market eagerly anticipates the next chapter in this meme coin’s remarkable journey.
PEPE Price Skyrockets 19.67% in 24 Hours
PEPE’s recent price surge to $0.00001300, a 19.67% increase in 24 hours, has pushed the meme coin into overbought territory according to the relative strength index (RSI).
While currently trading at $0.00001178, a 61 RSI reading suggests that bullish momentum may be waning.
A break below the pivot point of $0.0000119 could trigger further selling pressure, potentially driving the price down to the 38% Fibonacci retracement level of $0.0000095 or even the 50% level of $0.0000086 before finding support.
PEPE Coin Price Prediction – Source: TradingViewThe 50-day exponential moving average (EMA) currently sits at $0.0000105, providing a potential floor for the price if the downtrend accelerates.
However, a decisive break above $0.0000119 could reignite bullish sentiment and propel PEPE towards the immediate resistance level of $0.0000130, followed by the next resistance levels at $0.0000139 and $0.0000149.
Investors should closely monitor PEPE’s price action around the $0.0000119 pivot point. A break below this level could signal a deeper retracement, while a break above could indicate a continuation of the upward trend.
Why Pepe Unchained ($PEPU) Deserves a Spot in Your Crypto Portfolio:
Meme coins are poised for growth, and $PEPU, as a promising newcomer, could offer substantial gains.
Presale Advantage: Investing in $PEPU now, during the presale, could lead to significant returns later, as highlighted by crypto experts like Jacob Crypto Bury.
Passive Income: The 499% APY staking feature provides an attractive opportunity for passive income.
Investor Confidence: With 321 million $PEPU tokens already staked, investors are demonstrating strong belief in the project’s long-term potential.
Don’t Miss Out on the Pepe Unchained Presale:
Secure Investment: Pepe Unchained’s smart contract has been thoroughly audited by Coinsult and SolidProof. Easy Purchase: You can buy $PEPU with ETH, USDT, BNB, or a credit card. Take Action: Don’t miss this chance to potentially become a millionaire or even a billionaire!This sentiment is echoed by popular crypto YouTuber Jacob Crypto Bury, who sees significant growth ahead for meme coins this year and emphasizes the advantages of investing in presales such as Pepe Unchained.
Buy PEPU Here
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