Pepe Price Rises 12% – Will Pepe Unchained List on Binance?

Pepe’s price jumped more than 12% in the past 24 hours to trade at $0.00002094 as of 11:10 p.m. EST as investors re-enter the meme coin’s order books.

Following the recent rise, the price of PEPE pushed its monthly performance to more than 110%.

Pepe Price overcomes technical obstacles

4-hour chart for PEPE/USD (Source: GeckoTerminal)

THE Pepe the price managed to break out of a medium-term negative price channel and overcome the resistance level at $0.00001962 over the last 24 hours, GeckoTerminal shows. If the meme coin manages to establish a position above this mark over the next 12 hours, it could have the technical basis needed to reach the subsequent resistance at $0.00002427.

In an extremely bullish scenario, Pepe price could end up reaching $0.00002867 in the coming days. However, the coin a move below the recently breached $0.00001962 mark over the next 12 hours could dash the bullish hopes of PEPE traders.

In an alternative case, Pepe price could end up falling back into the aforementioned descending price channel. This could then lead PEPE to test the key support level at $0.00001486.

Technical indicators warn that bears could yet regain control of Pepe price

Technical indicators on the 4-hour chart of PEPE suggest that the price of the meme coin could continue to rise throughout today’s trading session. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) both show bullish signs, but suggest that the bulls are not yet completely in control.

RSI readings have risen above the 50 benchmark over the past 24 hours, suggesting that buyers have gained an advantage over sellers on the 4-hour chart. Although there is a good chance that this technical event will be followed by a rise in Pepe price, the stabilization of the RSI line over the past few hours warns that sellers will fight back to regain control.

The MACD line has also crossed above the MACD signal line in the last 24 hours. This technical event is often interpreted as a sign that a crypto has entered a positive trend. However, the small gap between the two lines suggests that the situation could still take a bearish turn in the coming hours.

While the bulls and bears clash on the 4-hour chart of PEPE, a layer 2 coin challenger by the name of Pepe Unchained (PEPU) The presale is going ballistic amid speculation about a Coinbase or Binance listing when it launches in just over 21 days.

Helping Pepe free himself from the clumsy Ethereum

Pepe Unchained (PEPU) is on a mission to free the beloved Pepe from the slow and clunky layer 1 Ethereum network.

To do this, the project will introduce a new Pepe token powered by Pepe Unchained’s ultra-fast layer 2 blockchain. This new token will subsequently be 100 times faster and much cheaper to carry out than its predecessor.

In addition to giving Pepe’s loyal subscribers a new token worthy of their loyal support, Pepe Unchained’s network will be home to the next wave of Web3 innovation. This comes after the team launched its Developer Grant initiative, which will give approved coders the financial support and opportunities needed to build the next best app on the Pepe Unchained blockchain.

Pepe Unchained also competes directly with Solana-based Pump.fun coin generator, with its own token launch platform. This could establish and solidify Pepe Unchained as a powerful player in the burgeoning coin space.

With all the latest developments and its appeal to coin enthusiasts, it is easy to see why experts and analysts are bullish on PEPU.

Among those anticipating big things in PEPU’s future is an analyst from YouTube channel 99Bitcoins, which has over 706,000 subscribers. In a recent video, the analyst said that the meme coin is poised to see a 100-fold surge after its official launch in 21 days.

FOMO Investors Buy PEPU Amid Speculation of a Binance or Coinbase Listing

The pre-sale of Pepe Unchained went parabolic and raised more than $40 million, a sign of strong investor confidence in the future of the project. This buying frenzy recently intensified after the team announced that the project was listed on Tier 1 exchanges. This led to speculation that a Binance or Coinbase listing could be considered for PEPU.

We’re a little jealous that Pepe found the perfect coffee date.

Imagine the deep conversation you can have with a Gigabrain! 🐸🧠💚 pic.twitter.com/8DrTP8T0o4

– Pepe Unchained (@pepe_unchained) November 21, 2024

Being added to one of these platforms could propel the price of PEPU into the stratosphere, similar to how the price of PEPE surged last week after listing on Coinbase.

Investors can still participate in the project before its listing using the in-app purchase widget on its website.

Buy PEPU here.

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