Traders on the meme coin market seem convinced they have found the next big thing, seeing the impressive performance of $PEPU in its early stages. Currently, Pepe Unchained (PEPU) is making serious moves to position itself as the first Layer 2 meme coin.
As meme coins continue to capture the attention of crypto enthusiasts, often known for their volatility and community-driven nature, the introduction of PEPU provides a technical innovation to this market segment.
Pepe Unchained Skyrockets 141.68% in 24 Hours
Pepe Unchained has demonstrated remarkable market performance since its debut on Uniswap yesterday. Its initial launch saw the token’s price surge 44.8%, with the market capitalization following in the same path anf moving up to $161 million.
The project’s presale showed commendable promise, accumulating over $74 million and ranking among the largest meme coin presales to date. This momentum continued as PEPU achieved a striking 141.68% increase in 24 hours, reaching $0.02275 at press time.
Technical Analysis for $PEPU
Examining the technical indicators from the trading chart revealed several key patterns that may determine how the price of $PEPU progresses with time. The RSI currently reads around 63.16 on the chart, indicating a moderately bullish sentiment that’s approaching but not yet in overbought territory.
The MACD shows interesting dynamics, with current values around 0.00024, 0.00073, and 0.00027 for the different signal lines. This configuration suggests a slightly positive momentum in the short term, though the convergence between the lines indicates a potential slowdown in the current trend. The histogram bars below the MACD lines show small but consistent positive values, supporting this interpretation.
Moreover, the DEMA visible on the chart shows a value of 0.02586, with the price currently trading at 0.02607. This close proximity between the current price and the moving average suggests a period of consolidation. The relationship between these values typically serves as a key reference point for traders watching for potential breakout or breakdown scenarios.
PEPU Trading Chart. Source: GeckoTerminal (From TradingView)
The trading volume, represented by the green and red bars at the bottom of the chart, shows moderate activity around 42.61K units, with notable recent green candles suggesting buying pressure. This volume pattern aligns with the overall technical setup, indicating active market participation during the recent price movements.
$PEPU Possible Price Trajectory
Looking ahead, PEPU’s price trajectory appears to be influenced by several key factors. $PEPU, being the first Layer 2 meme coin, offers unique advantages like improved transaction speeds and lower fees that give the platform leverage over other meme tokens. The sustained investor interest, evidenced by its successful presale performance, could provide some support for the price stability of PEPU in the future.
The high trading volume, particularly the $26.56 million in 24-hour volume representing 13.6% of the market cap, indicates healthy market liquidity and active trading interest. Given these factors, the technical indicators and market fundamentals suggest PEPU could continue to see price discovery phases in the coming months.
iDEGEN: The Next Meme Coin to Explode
For investors that missed out on Pepe Unchained’s recent rally, Solana-based iDEGEN’s presale offers you another shot at enjoying bullish returns. With a smart, adaptive auction that adjusts prices every 5 minutes, iDEGEN has already crushed its presale stage with $3.4M raised, prepping the token to become the next viral crypto meme sensation before its January DEX debut.
The token is set to list on exchanges on January 1st which means that there are only a few weeks left to be an early adopter.
