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Sam Cooling
Author
Sam Cooling
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Stand aside Pepe (PEPE), after a major -41% PEPE price crash, smart money investors are rapidly rotating into a nearly $10M valued challenger – Pepe Unchained – on an intrepid quest to supercharge the frog coin ecosystem.
In this article, we will dissect Pepe price trends over the past month, and uncover whether a Pepe alternative represents a more promising HODL in the August market.
Yet, as despair sinks in and all hope seems to evaporate from the HODL bank, it may be wise to remember perhaps Warren Buffet’s wisest words — ‘Be Greedy When Others Are Fearful, and Fearful When Others Are Greedy.’
PEPE Price Analysis – Is It All Over For The Top Frog-coin?
As PEPE price confirms bearish divergence on the short-time frame, Pepe is currently trading at a market price of $0.00000731 (representing a 24-hour change of +0.41%).
This comes amid tumultuous price action that has formed an incredibly bearish head-and-shoulders pattern. Furthermore, PEPE price has confirmed this bearish divergence after four days below resistance at the neckline.
Downside price action now dominates the chart, with a month-on-month loss of around -41% and a further layer of descendant upside resistance from tumbling 20DMA (now standing at $0.00000822) limiting optimism – and highlighting a key upside target.
It seems likely that PEPE price is heading for a second-retest of lower support at $0.0000058 (a lower support further highlighted by Bollinger band volatility).
While this is unlikely to appetize holders, it forms a necessary evil that holders must suffer to shift into the bullish technical structure (assuming a successful display of double-bottomed support).
A glimmer of hope on the long-time frame emerges in the RSI indicator, which is reading at 37.51, suggesting that the coin is oversold with substantial upside capacity – but as a word of warning the RSI can stay at a signal for a substantial period of time.
Overall then, the price is limited to the upside by the neckline at $0.0000077 (a potential +4.7% move), while downside risk could see a tumble to $0.0000058 (a possible -20% drop).
Therefore, the coin has a current short-time frame risk reward of 0.23 – denoting a bad entry – with better buys to be found at lower support.
But while Pepe is struggling this week, an alternative project aiming to reignite the frogcoin ecosystem is exploding across the chart.
Pepe Unchained Is The Biggest Meme Coin Launch of Q3
The meme coin market is volatile, but it’s also a hive of innovation that offers some of the most strategic growth plays in the entire crypto space.
As we look ahead to September, one of the most promising projects emerging in the summer market is Pepe Unchained.
But this project is so much more than a classic frog meme – this is about redoing the now legendary Pepe – but right.
What’s the problem with Pepe? The answer is simple: in an age of high-octane Solana markets – Ethereum is the old chain – it’s slow, it’s expensive, it’s clunky – it’s not cool.
Yet, with PEPE originally launching as an ERC-20 token, this has stifled the development of a true PEPE ecosystem.
Luckily, PEPU is here to change the game – with the launch of a high-speed, low-cost layer-2 bespoke made for meme coin developers to expand on the original token.
In this light, PEPU can be seen as PEPE 2.0 – the same original coin – but better.
So don’t miss out on this near $10M+ skyrocket presale.
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.
