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Simon Chandler
Author
Simon Chandler
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The Pepe Coin price has risen by 2% in the past 24 hours, reaching $0.000007081 as the crypto market settles today after a tough weekend.
PEPE is now down by 2.5% in a week and by 16% in the last 30 days, yet the popular meme coin holds on to an 800% increase in a year.
And its recent downturns have now put it in a position where it could begin testing its resistance levels, potentially making a 10% or even 25% gain in the next one or two months.
Pepe Coin Price Flashes Huge 25% Buy Signal – Is a Massive Rally Next?
PEPE has been gaining a little momentum ever since Saturday, when it dropped to a seven-day low of $0.00000644.
Its indicators reflect this increase in strength, yet they still provide space for further gains in the near future.
For instance, its relative strength index (purple) has jumped from about 25 at the start of the weekend to around 65 today.
This signals growing buying pressure, as does PEPE’s 30-period moving average (orange), which is now getting close to the 200-period average (blue).
And if it rises above the longer term average (and forms a golden cross), we could potentially see a breakout.
Because it’s now recovering from a low base, its indicators suggest that it could reach $0.000008 or $0.000009 in the next few weeks.
This would represent increases of roughly 12% and 25%, respectively, which isn’t implausible considering that Pepe Coin has hit an ATH more recently than most other top-100 tokens.
What’s interesting is that whales appear to have resumed accumulating PEPE this month, after the coin spent the end of August plummeting.
This would suggest an expectation of incoming rises, and while September has historically been a bad month for crypto, we may see prices rise again as we get closer to October (which is generally one of the best for returns).
Based on all this, we may see PEPE rise a little in the very short term before struggling again, but it may begin to see more consistent gains as September comes to an end.
This will be helped by expected rate cuts from the Fed, although some analysts have warned that bearish sentiment could increase if the central bank is too aggressive in cutting rates (since this might signal recession fears).
Pepe Tokens with Fundamentals
One concern with Pepe is that, because it has risen so aggressively in past months, it may not see properly market-beating gains for a while.
Traders may want to insure themselves against such a possibility by diversifying into smaller coins, including presale tokens that may rally big once they list.
One of the biggest presale coins right now is layer-two project Pepe Unchained (PEPU), which has raised an impressive $12.5 million in its sale.
What’s exciting about Pepe Unchained is that it offers some very strong fundamentals for a meme coin, with the L2 network it’s building for Ethereum set to feature near-instant transactions with very low fees.
It’s positioning itself primarily as a layer-two for meme tokens, potentially stealing users away from Solana and other L2s.
And because of its scalability, Pepe Unchained will be able to offer double the usual staking rewards, helping to draw more users and investors into its ecosystem.
Its native token, PEPU, will have a max supply of 8 billion, with its protocol allocating 30% to staking and 20% to its presale.
Another encouraging sign is that the coin’s X account now has more than 13,000 followers, which is excellent for a project that hasn’t yet launched.
Read More: Pepe Unchained Price Prediction
Investors can join PEPU’s sale at the coin’s official website, where they can buy PEPU using either ETH, BNB, USDT or fiat currency.
It’s currently available at a price of $0.0095743 per token, although it’s likely to rise much higher once the coin gets itself added to exchanges.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
