Pepe Unchained price jumps 23% as this rival ICO hits $45 million

Pepe Unchained’s price climbed 23% in the past 24 hours to trade at $0.01173 as of 2:19 a.m. EST on trading volume that jumped 21% to $3.8 million.

This comes even as the meme coin market fell 1.3% in the past 24 hours to reach a market cap of $111 billion, according to CoinGecko.

Pepe unleashed the prize on a rebound

THE PEPU Price has shown promising signs of upside potential in recent weeks as it breaks through previous resistance levels.

The price formed a descending triangle pattern, with strong horizontal support near the $0.0093 level and a descending resistance line, according to data from GeckoTerminal.

Although this trend is often considered bearish, the recent break above the resistance line suggests a potential bullish trend reversal.

Additionally, PEPU has crossed above its 50-day simple moving average (SMA), currently at $0.01062. What was once resistance could now act as support, indicating the possibility of a sustained upward move.

A continued rise above this level would signal increasing bullish strength.

The relative strength index (RSI) stands at 66.98, close to the overbought zone but still indicating strong buying pressure. As long as the RSI remains above 50, the positive momentum should continue.

Additionally, the Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the blue MACD line moving above the orange signal line and both above the zero line.

The histogram turning green reinforces the expectation of rising prices, signaling the potential for continued growth.

PEPU could maintain its bullish rally

The break above the descending triangle resistance suggests a near-term bullish continuation. The next significant resistance level lies around $0.0130, which coincides with a previous consolidation zone.

A successful breakout of this level could send Pepe Unchained price higher, as bulls target $0.0150.

However, traders should watch for a potential pullback due to the RSI’s near-overbought situation. If PEPU fails to sustain above the $0.0106 level (50-day SMA), it could retest the horizontal support at $0.0100.

As Pepe Unchained price targets a bullish rally, investors continue to turn their attention to a new Pepe alternative called Wall Street Pepe (WEPE). Crypto influencer ClayBro, with over 134,000 followers, says it could grow 100-fold after launch.

A promising alternative to Pepe Unchained

Wall Street Pepe’s presale is already one of the most successful of all time after surpassing $45.2 million in initial funding.

The project aims to be a place where members can collaborate, share ideas, and potentially make massive gains by identifying promising opportunities early on and thwarting the secret whale investors that WEPE hates.

Taking inspiration from the success of Wall Street Bets on Reddit, the idea is that members will collectively decide which projects to support, thereby driving momentum and growth.

This community-centered approach helps members gain useful market knowledge, make intelligent decisions, and connect with others to trade and network. The project emphasizes being open and easy to join, allowing everyone to get involved from the start.

Here I am making history. I feel optimistic. 🐸 ⚔️ pic.twitter.com/LlI8KkWfL7

– Pépé de Wall Street (@WEPEToken) December 15, 2024

WEPE’s hatred of internal whale investors drives him to ensure that his WEPE army can “outcompete the hedge fund fraudsters.”

The WEPE token also offers a passive income opportunity through its staking feature, offering an annual yield of 28%.

You can buy WEPE tokens on the official website for $0.00036645 using ETH, USDT or a bank card.

Buy before a price increase in less than 10 hours to get the best deal.

Buy WEPE tokens here.

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