Brett Price Plunges 7% As Meme Coin Market Slumps, But This PEPE 2.0 ICO Storms Toward $24 Million

The
Brett
price
plummeted
7%
in
the
last
24
hours


to
trade
at
$0.08871

as
of
00:26
a.m.
EST
on
trading
volume
that
rose
7%
to
$48.9
million.

This
comes
as
the
meme
coin
sector’s
market
capitalization
plunged
5%
to
$63.5
billion
in
the
last
24
hours.

Brett
Price
Currently
On
A
Bearish
Trend

The
Brett
price
action
is
contained
within
a
descending
channel
pattern
(marked
by
parallel
white
trendlines),
which
is
typically
a
bearish
structure.

This
suggests
a
sequence
of
lower
highs
and
lower
lows,
indicating
downward
pressure
after
the
bears
took
full
control
of
the
price
within
the
$0.117
resistance,
according
to
data
from


GeckoTerminal.

BRETT
now
trades
below
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
coinciding
with
the
current
bearish
trend.
Moreover,
the
50-day
SMA
has
crossed
below
the
200-day
SMA,
forming
a
death
cross
at
$0.095,
which
cements
the
current
bearish
prospects
on
the
4-hour
timeframe.

The
Relative
Strength
Index
(RSI)
is
at
32.79,
which
is
close
to
the
oversold
threshold
(30).
This
could
mean
that
the
asset
is
nearing
a
potential
reversal
zone,
but
given
the
bearish
structure,
oversold
conditions
can
persist,
so
this
is
not
a
strong
buy
signal
on
its
own.

The
Fair
Valued
Gap
(FVG)
area
within
the
$0.081
and
$0.085
levels
might
act
as
a
demand
zone.
Price
is
approaching
this
area,
so
it
could
offer
support
and
potentially
attract
buyers.

If
the
current
bearish
trend
persists,
the
FVG
level
could
act
as
the
next
possible
support
in
the
short
term.

In
a
converse
scenario,
however,
the
price
of
Brett
may
be
gearing
up
towards
a
bullish
trend
reversal
after
hitting
the
FVG
area,
with
the
next
possible
target
at
the
$0.10
resistance
level.

Meanwhile,
new
meme
coin Pepe
Unchained
(PEPU)

is
powering
ahead
despite
the
market
downturn,
and
is
now
within
a
whisker
of
raising
$24
million
in
its
presale.

Influential
YouTuber
ClayBro,
with
over
130k
subscribers,
says
PEPU
could
soar
20X
after
launch.

Pepe
Unchained
Passes
$23.9
Million

The
original
Pepe
meme
coin
lives
on
the
Ethereum
blockchain
and
has
long
been
confined
by
its
Layer-1
technology,
which
is
hampered
by
slow
transactions,
network
delays,
rising
gas
fees,
and
a
lack
of
scalability.

Pepe
Unchained
—
Groundbreaking
Layer
2
Blockchain
technology.

Welcome
to
the
future
of
meme
coins.
????

pic.twitter.com/iC9b6YSynT

—
Pepe
Unchained
(@pepe_unchained)

September
6,
2024

As
its
name
implies, Pepe
Unchained

plans
to
change
all
that.
It
comes
with
its
own
blockchain
to
free
PEPE
from
the
clunky
Ethereum
network
and
allow
it
to
embrace
the
future. 

It
offers
lightning
speed,
much
lower
fees,
and
improved
scalability.

The
project
is
enhancing
its
visibility
and
functionality
by
introducing
various
features
within
the
Pepe
Unchained
ecosystem,
including
a
decentralized
exchange,
bridging
capabilities,
and
annual
staking
rewards
of
98%.

Pepe
Unchained
L2
Sneak
Peek!

What
we’re
building
is
not
just
a
new
chain,
but
an
entire
ecosystem.

????Pepe
Unchained
L2
????Block
Explorer
????DEX
????Bridge
????Advanced
Analytics
????Builder
Grants

Pepe
Unchained
is
coming.
And
it’s
going
to
shake
up
the
crypto
space.

pic.twitter.com/ZVnvgO6MGF

—
Pepe
Unchained
(@pepe_unchained)

September
26,
2024

You
can
buy
$PEPU
tokens
for
$0.01199
each
right
now.
With
a
price
hike
coming
in
about
21
hours,
buy
soon
to
lock
in
the
best
deal.

To
join
the
presale,


buy
$PEPU
from
the
official
website
here

using
ETH,
USDT,
or
a
bank
card.

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