Pepe Price Prediction: PEPE Surges 13%, But Experts Say This Layer-2 Alternative Might Be The Best Crypto To Buy Now

On Oct 7, 2024

Join Our Telegram channel to stay up to date on breaking news coverage

The Pepe price surged 13% in the last 24 hours to trade at $0.00001056 as of 00:37 a.m. EST on trading volume that skyrocketed 78% to $2.2 billion.

This comes as the meme coin space surged 8% in the last 24 hours to reach a market capitalization of $55 billion. Top meme coins DOGE and SHIB climbed 4% and 6%, respectively.

Pepe Price Could Continue Soaring

The Pepe price recently invalidated the rounding top pattern, soaring from the $0.00000841 support level, according to data from GeckoTerminal.

The current upsurge resulted in the price of Pepe now trading above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the sustained uptrend.

The Relative Strength Index (RSI) is at 67.59, nearing the overbought zone (above 70). This shows that buying pressure is increasing, but the price could soon approach an overbought condition, which could lead to some profit-taking or consolidation. However, there’s still room for more upward movement before reaching extreme levels.

Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is crossing above the signal line (orange), which is another bullish signal. This suggests a potential continuation of the current upward momentum. The histogram bars are turning positive (green), further indicating that bullish momentum is strengthening.

PEPEUSD Chart Analysis Source: GeckoTerminal.com

Pepe Price Prediction

The PEPE price is at 0.00001056, approaching resistance at the 0.00001100 level, as shown by the red resistance line. If the price breaks through this level with substantial volume, it could test the next level around 0.00001300 (marked at the top).

Conversely, if the price of Pepe fails to break this resistance, it might retrace back towards support at the 50 MA (around 0.00000999) or even down towards the 200 MA at 0.00000841.

As the Pepe price continues its upward trajectory, investors are also piling into the latest Pepe-themed presale alternative called Pepe Unchained (PEPU).

According to 99Bitcoins, a YouTube channel with over 706K subscribers, this new meme coin could potentially surge by 100X following its launch.

Pepe Unchained Hurtles Towards $18 Million In Presale

Pepe Unchained continues to smash milestone after milestone in its presale, with its latest fundraising round surpassing the $17.8 million mark.

The project is dedicated to “unchaining” Pepe from its outdated Layer-1 blockchain, and that’s why it comes armed with its own Ethereum Layer 2 blockchain, providing users with improved transaction efficiency, greater scalability, and much lower costs.

Pepe is gathering his power from the beautiful glowing green computer screens.
All of the world’s knowledge, culminating in the launch of his L2. pic.twitter.com/f6pVnY6cLv
— Pepe Unchained (@pepe_unchained) October 4, 2024

Adding to its appeal, token holders can take advantage of a staking system that offers an impressive 122% annual percentage yield (APY), allowing investors to earn passive income.

The buzz around the token is sucking in whale investors, with one buying 5.2 million $PEPU tokens worth about $51,000 on Sept. 27.

Currently, $PEPU tokens are priced at $0.00993 each. With a price hike coming in less than 1 day, buy soon to secure the best deal.

Those looking to join the presale can buy $PEPU through the official website using ETH, USDT, or a bank card.