Tron Price Skyrockets as Pepe Unchained Presale Closes at $70 Million

TRON price soared 66% in the past 24 hours to trade at $0.3942 as of 2:25 a.m. EST on trading volume that soared 475% to $16 billion.

The TRX price pump made it the top gainer among the 100 largest cryptos by market cap, according to CoinMarketCap.

TRON price on sustained price rise

The chart shows a strong uptrend, especially over the past few days, with the price rising significantly after a relatively flat consolidation phase around mid-November, in the $0.20 range, according to data from GeckoTerminal.

The pileated woodpecker in the TRON price is accompanied by a sharp increase in trading volume, signaling significant buying interest. However, the recent candle indicates some profit taking, as evidenced by the pullback from the recent high.

TRX is now trading above the 50-day and 200-day simple moving averages (SMA), which is a sign of the continued uptrend.

Meanwhile, the Relative Strength Index (RSI) is currently at 79, indicating that the asset is currently under intense buying pressure.

Such a high RSI often accompanies euphoric buying, but also serves as a warning sign of potential cooling off.

The MACD line (blue, 0.0424) is well above the signal line (orange, 0.0215) and is in positive territory. This confirms that the bullish momentum is still intact. However, the rapid expansion of the MACD histogram indicates that the momentum may be peaking and may soon begin to slow down.

TRON Price Prediction

According to TRON price analysis on a 4-hour time frame, TRX is currently in a sustained uptrend. If buying pressure persists, the price could rise to $0.50 or beyond.

A pullback appears likely due to profit-taking and overbought conditions. Support levels to watch are $0.30 (psychological level and previous resistance), followed by the 50-day SMA at $0.22.

Meanwhile, as the price of XYO skyrockets, the Pepe Unchained (PEPU) the presale is another tearful sign after surpassing $69.7 million in funds raised.

YouTube channel 99Bitcoins, with over 706,000 subscribers, claims it has the potential to turn $1,000 into $10,000 after launching in about 10 days.

Pepe Unchained Presale – Less than 9 days left, might sell out first

Pepe Unchained isn’t just another coin vying for attention. It’s rewriting the rules of the game. At the heart of this ambitious project is its own layer 2 blockchain, a technological advancement intended to boost the PEPE brand.

This blockchain promises to deliver transaction speeds 100x faster than any other project currently on the market while simultaneously reducing network fees to a mere fraction of current costs on Ethereum. The PEPU token will power this innovative ecosystem, providing users with ultra-fast and cost-effective transactions.

To showcase the raw potential of its blockchain, Pepe Unchained launched its own token launchpad, directly challenging platforms like Solana’s Pump.fun.

Excitement around PEPU is reaching new heights, especially with rumors of upcoming listings on Tier 1 exchanges.

We have been approached by several Tier 1 exchanges interested in $PEPU.

While this is an exciting opportunity that will increase visibility and liquidity, it also requires careful planning to ensure the best possible launch.

– Pepe Unchained (@pepe_unchained) September 18, 2024

Investors are speculating that a listing on major platforms like Binance or Coinbase could trigger a massive post-launch price surge, much like what happened to PEPE after its recent debut on Coinbase and Robinhood.

Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 54%.

You can buy $PEPU tokens from the official website here for $0.01295 using ETH, USDT or a bank card. Although there are just under 9 days left, buy soon in case the token sells out first.

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