Covalent X Token Price Prediction: CXT Surges 10% As This New Presale Goes Ballistic With $12 Million Raised

The
Covalent
X
Token
price


surged

more
than
10%
in
the
last
24
hours
to
trade
at
$0.06933
as
of
7:26
a.m.
EST.

This
recent
spike
in
the
CXT
price
has
added
to
the
altcoin’s
positive
weekly
streak.
As
a
result,
the
crypto
is
in
the
green
by
more
than
27%
over
the
last
7
days. 

The
Covalent
X
Token
Price
Forms
An
Ascending
Channel

4-hour
chart
for
CXT/USD
(Source:

GeckoTerminal)

The


Covalent
X

Token
price
printed
multiple
higher
highs
and
higher
lows
on
the
4-hour
chart
over
the
past
few
days,
resulting
in
the
formation
of
an
ascending
price
channel.
This
positive
momentum
has
led
to
the
crypto
overcoming
the
major
resistance
level
at
$0.06793.
CXT
is
now
attempting
to
break
above
the
next
technical
barrier
at
$0.07391.

Should
the
Covalent
X
Token
price
close
a
4-hour
candle
above
$0.07391
within
the
next
24
hours,
the
crypto
could
have
the
room
needed
to
flip
the
$0.07989
resistance
level
into
support.
However,
a
rejection
from
the
$0.07391
mark
might
invalidate
the
bullish
thesis.

In
a
more
bearish
scenario,
traders
could
look
to
realize
their
profits
from
the
altcoin’s
rally.
This
might
push
CXT
down
to
the
aforementioned
$0.06793
mark.
Continued
sell
pressure
should
the
Covalent
X
Token
price
drop
to
this
point
could
then
result
in
the
crypto
plunging
to
as
low
as
$0.05985
in
the
short
term.

Technicals
Warns
Sellers
Might
Soon
Take
Control
Of
The
Covalent
X
Token
Price

Technical
indicators
on
CXT’s
4-hour
chart
warn
that
the
crypto’s
bullish
momentum
is
starting
to
cool
off.
Both
the
Moving
Average
Convergence
Divergence
(MACD)
and
the
Relative
Strength
Index
(RSI)
indicators
show
signs
of
diminishing
buyer
activity.

RSI
readings
dipped
from
65
to
62,
with
the
RSI
line
starting
to
level
off
in
the
low
60s.
Since
an
RSI
value
above
50
is
generally
seen
as
a
sign
that
a
crypto
is
overbought,
traders
might
enter
into
a
short
position
for
CXT
soon.

Meanwhile,
the
MACD
line
has
collapsed
towards
the
MACD
Signal
line
in
the
last
few
hours.
The
prior
dropping
down
to
the
latter
suggests
that
CXT’s
positive
trend
might
be
nearing
its
end.
An
intersection
between
these
two
lines
in
the
coming
24
hours
could
indicate
that
the
Covalent
X
Token
price
has
entered
a
new
bearish
cycle.

While
technicals
suggest
buyers
are
losing
interest
in
the
Covalent
X
Token,
investors
continue
to
flock
to
layer-2
meme
coin


Pepe
Unchained
(PEPU)

as
the
project’s
presale
zooms
past
the
$12
million
fundraising
mark.

Taking
PEPE
To
The
Next
Level

Pepe
Unchained
(PEPU)
is
on
a
mission
to
elevate
the
popular
frog-themed
meme
coin
PEPE
to
the
next
level.
To
achieve
this,
the
project
will
shift
the
beloved
project’s
transaction
processing
off
of
the
main
Ethereum
mainnet,
which
is
currently
congested. 

Ethereum’s
popularity
has
left
current
PEPE
holders
with
no
choice
but
to
deal
with
high
fees
and
slow
processing
times,
issues
that
will
soon
be
a
thing
of
the
past
once
Pepe
Unchained
goes
live.
The
project
won’t
leave
Ethereum
completely
in
the
dust,
and
will
instead
operate
in
parallel
with
the
leading
blockchain
in
terms
of
Total
Value
Locked.

By
opting
to
act
in
parallel
to
Ethereum,
Pepe
Unchained
unlocks
a
dual
benefit
for
PEPU
holders.
Investors
will
be
able
to
seamlessly
bridge
their
assets
between
the
layer-1
Ethereum
mainnet
and
the
layer-2
Pepe
Unchained
network. 

Investors
are
subsequently
able
to
transact
with
the
peace
of
mind
afforded
by
Ethereum’s
robust
security
framework,
while
also
enjoying
up
to
100
times
faster
transaction
speeds.
What’s
more,
token
holders
will
be
able
to
send
and
receive
PEPU
at
a
very
low
cost.

Pepe
Unchained’s
meme
coin
appeal
and
layer-2
side
chain
has
analysts
and
experts
excited
about
the
project.
One
such
individual
is
popular
YouTuber
ClayBro,
who
told
his
130K
subscribers
in
a
recent
video
that
Pepe
Unchained
has
the
potential
to
lead
the
meme
coin
sector
in
the
near
future.

Investors
Bet
Big
On
PEPU’s
Future

Investors
are
rushing
to
buy
PEPU
during
its
ongoing
presale
phase,
with
the
project
already
raising
over
$12.1
million
at
this
early
stage.
Beyond
its
mission
to
upgrade
PEPE,
there
is
also
a
167%
APY
being
offered
to
presale
buyers
who
stake
PEPU
that
could
be
a
reason
behind
the
investor
frenzy.

Pepe
never
sleeps..

But
when
he
does,
the
L2
tech
takes
over.
Big
things
coming!

pic.twitter.com/Kq14BaoVlp

—
Pepe
Unchained
(@pepe_unchained)

September
6,
2024

Anyone
can
gain
access
to
these
passive
rewards.
The
first
step
investors
will
need
to
take
to
become
eligible
for
the
high
APY
is
purchase
the
meme
coin
using
the
simple
buy
widget
embedded
on
the
project’s
website.
Once
purchased,
the
tokens
can
be
locked
up
through
the
staking
page
to
start
earning.

Investors
interested
to
join
the
project
should
do
so
before
a
price
increase
in
less
than
24
hours.

Buy
PEPU
tokens
on
the
official
website
here.

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