Pepe Price Prediction: PEPE Was The Highest Loser With A 7% Drop But This PEPE 2.0 Pre-Sale Surges To $13 Million

The Pepe price has plummeted 7% over the past 24 hours, trading at $0.000006703 as of 6 PM ET, while volume has surged 86% to $1.14 billion.

According to data from Crypto Bubbles, the crash made PEPE the cryptocurrency with the biggest loss among the top 100 cryptocurrencies by market cap.

The next biggest decliners were Dogecoin, Maker, and Ethereum, down 6.9%, 6.8%, and 6.6%, respectively.

Pepe Price Ready for a Bullish Rally

The daily PEPE price chart shows a clear formation of a falling wedge pattern, which is generally considered a bullish reversal pattern.

According to data from GeckoTerminal, the current price is trading near the support zone near $0.00006694. This level has been tested several times, indicating strong buying interest at this level.

A potential breakout point is visible, with price approaching the upper boundary of the falling wedge. If price breaks this resistance and confirms the breakout, it could target the area around $0.00015, which would suggest a significant upside move.

PEPEUSD Analysis Source: Dextools.io

The simple moving averages are showing signs of a possible crossover as the 50-day moving average at $0.00000889 converges to the 200-day moving average at $0.00000902, and if a crossover occurs, it could be a bullish reversal signal.

The Moving Average Convergence Divergence (MACD) indicator shows a narrowing gap between the blue line and the orange signal line, indicating bearish momentum. If the MACD line crosses the signal line, it will confirm that the Pepe price has moved above the neutral level in bullish sentiment.

On the other hand, the Relative Strength Index (RSI) is currently at 36.81, indicating that the asset is in the overheated selling zone. This suggests that selling pressure may ease, increasing the possibility of a bullish reversal towards the 50 mid-level level. A further break above the neutral level would confirm a rally towards the overheated buying zone of 70.

Pepe Price can break above the falling wedge

PEPE is cautiously bullish, and a breakout of the falling wedge pattern and a break above the resistance level near $0.0000902 could trigger a rally towards $0.00015.

This bullish scenario relies on a clear breakout, moving average crossover, and improving momentum indicators such as MACD and RSI.

However, if it fails to break the resistance line and falls below the support level of $0.00006694, it could lead to further declines. Traders should look for a confirmed breakout to confirm a bullish trend reversal.

New Layer 2 Meme Coin PEPU Aims for $13 Million

A new layer 2 meme coin called Pepe Unchained (PEPU) has raised over $12.2 million in its pre-sale, as Pepe traders look forward to a potential bullish rally.

Boom! $12 million raised!

Pepe Unchained has reached a milestone and is ready for the next big leap 🐸💪 pic.twitter.com/Cr2MI0CESp

— Pepe Unchained (@pepe_unchained) September 5, 2024

The main reason for the bullishness in the token is the whales’ moves last week. One investor bought over 6 million PEPU tokens (worth $56,735), while another bought 2.76 million tokens (worth $26,196.65).

The combined investment, worth about $83,000, contributed to the surge in buying, bringing total funding raised since Monday to more than $500,000.

According to an analyst from 99Bitcoins, a popular cryptocurrency YouTube channel with over 706,000 subscribers, PEPU could be the next Pepe and could surge 100x after its release.

PEPU’s Layer 2 blockchain offers lower transaction fees, making it accessible to a wider range of users. Improved scalability allows for faster transactions and supports higher transaction volumes without congestion.

Pepe Unchained’s unique double staking mechanism reduces operational costs, increases efficiency, and increases investor rewards.

By staking PEPU tokens, investors have the opportunity to earn passive income with an average annual yield (APY) of approximately 166%.

Currently, you can buy PEPU tokens for $0.0095362. If you want to participate in the project, buy before the price goes up within 6 hours to secure the best deal.

Buy PEPU tokens here using ETH, USDT or bank card.

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