The crypto market is soaring today, and Pepe is among the top gainers with a 12% pump.
Meanwhile, a new Pepe-themed project called Pepe Unchained is turning heads in its presale, having raised over $10 million.
Pepe Price Bucks Downtrend With Higher High and Higher Low
Pepe bulls can finally breathe – its multi-month downtrend looks to be ending.
It just put in a higher high and higher low on the price chart, signaling that momentum is flipping from bearish to bullish.
Pepe bottomed at $0.000006188 on 6 August, marking well over a 50% sell-off from its May all-time high (ATH).
But since then, it has steadily climbed and is now trading at $0.000008942.
Still, Pepe remains at a 47% discount from its ATH, which opens the door to big short-term profits if its momentum continues.
Bluntz, a crypto trader who has accurately predicted many of the market’s swings in 2024, has now suggested that Pepe is primed for another explosive rally.
He noted a divergence between its volume and price, which he claims to have also saw with Bitcoin at its bear market lows of $16K last year.
And backing up his analysis, Captain Faibik is bracing for strong growth in September.
He noted that Pepe is trading inside a triangle chart pattern but believes it’ll break to the upside next month.
But while neither of these analysts provided concrete price targets, Filiz suggests its next rally could continue into $0.00004797.
From its current price of $0.000008942, this equates to a 436% gain.
Pepe’s price has jumped 12% today and 25% this, but according to analysts, this might be the start.
Yet this seems to be a recurring theme across the meme coin sector.
Another project gaining pace today is Pepe Unchained.
It’s undergoing a presale, and inventors are pouring funds in amid the current meme coin boom.
Pepe Unchained Presale Surges Past $10M – Best New Meme Coin to Buy?
Pepe Unchained has drawn a lot of attention with its novel use case.
They’re tackling Ethereum’s scalability issue head-on.
It’s going to be the first Pepe-themed token with its own blockchain.
The team is building an Ethereum layer 2 that promises speeds 100x faster and much cheaper fees than the main network.
Pepe Unchained will be a new home for meme coins within the Ethereum ecosystem.
Devs could build anything from a meme coin trading app to a P2E game filled with meme coin characters.
It flips the traditional meme coin model on its head.
No more zero-utility joke tokens – Pepe Unchained’s use case has substance.
There’s also a staking mechanism, allowing holders to generate long-term income on their $PEPU.
It currently offers a 194% APY, but this will decrease over time.
There’s a huge buzz on social media about all of this.
Prominent analyst ClayBro reckons it can 100x.
He praises its rapid presale growth, saying it “sets it aside as one of the greatest presales taking place right now.”
But for those wanting to buy, now is the best time.
That’s because the presale price will gradually increase throughout the campaign. The next uptick will occur one day.
Visit Pepe Unchained Presale
Source: https://www.cryptopolitan.com/pepe-price-soars-on-the-crypto-market-rally-could-this-new-meme-coin-pump-next/