Pepe Price Plunges 7% As This Turbo-Charged Layer-2 PEPE Closes On $9 Million

The
Pepe
price
plunged
7%
in
the
last
24
hours


to
trade
at
$0.000007419

as
of
00:42
a.m.
EST
on
trading
volume
that
jumped
29%
to
$902
million.

Pepe
is
the
top
loser
among
the
largest
three
meme
coins
by
market
capitalization,
as
DOGE
and
SHIB
only
slid
1%
each.
This
comes
after
the
meme
coin
space
dropped
2%
to
a
$37
billion
market
capitalization,
according
to


Coingecko.

According
to
on-chain
data
by


IntoTheBlock,
only
50%
of
PEPE
holders
are
in
the
profit
at
current
prices.

Pepe
Price
Aims
For
A
Breakout

According
to


GeckoTerminal

data,
the
Pepe
price
dropped
from
July
29
to
Aug.
5,
and
fell
from
the
$0.00001216
resistance
to
the
$0.0000060
support.

The
bulls
then
used
the
support
to
push
the
price
up
but
encountered
some
resistance
at
the
$0.000008622
level.
Pepe
has
been
trading
below
this
level,
as
the
asset
trades
within
a
consolidation
phase
and
within
a
sideways
pattern,
as
investors
look
for
a
break
either
below
or
above
the
pattern.

The
price
of

Pepe
trades
below
both
the
50
and
200
Simple
Moving
Averages
(SMAs)
one
the
4-hour
chart,
which
supports
the
current
bearish
trend.

Moreover,
the
Relative
Strength
Index
(RSI)
trades
down
towards
the
oversold
level,
currently
at
35,
which
indicates
that
the
asset
is
currently
under
intense
selling
pressure.

Based
on
the
Pepe
price
analysis,
Pepe
price
bulls
aim
for
a
breakout
above
the
sideways
pattern.
The
RSI
being
oversold
shows
that
PEPE
is
currently
undervalued,
which
may
be
a
buying
signal
for
the
bulls.

If
investors
start
buying,
the
price
of
Pepe
could
surge
above
the
pattern,
as
the
bulls
target
$0.0000101
(200
SMA).

Conversely,
if
the
selling
intensifies,
the
price
of
Pepe
could
breach
the
lower
boundary
of
the
sideways
pattern
to
find
support
around
$0.000006912.

Even
as
the
Pepe
price
bulls
search
for
more
buying
signals,
investors
are
pivoting
to
the
new
meme
coin


Pepe
Unchained
(PEPU),
which
has
raised
over
$8.9
million
so
far.

Pepe
Unchained
Raises
$8.9
Million
–
Best
PEPE
Alternative
To
Buy
Now?

Since
its
launch
in
2023,
Pepe
has
delivered
mind-blowing
returns
to
early
investors
and
continues
to
rule
the
charts,
being
one
of
the
top
three
meme
coins
by
market
capitalization.

However,

Pepe
is
not
without
its
shortcomings.
The
token
was
initially
built
on
the
Ethereum
blockchain
and
has
long
been
confined
by
its
layer-1
technology,
which
is
handicapped
by
network
delays
and
rising
gas
fees.

The
new
player,

Pepe
Unchained,
is
based
on
PEPE
devising
a
plan
to
break
free
from
his
chains
and
embrace
the
future
with
Pepe
Unchained.
PEPU
will
run
on
its
own
proprietary
Ethereum
layer-2
blockchain. 

Who
needs
some
Brain
Powder?

Pepe
is
gearing
up
for
the
official
launch
of
his
very
own
blockchain!
????

pic.twitter.com/kZC72UmxFy

—
Pepe
Unchained
(@pepe_unchained)

June
20,
2024

To
ensure
investors
easily
seize
market
opportunities,
the
project
plans
to
tackle
the
scalability,
speed,
and
efficiency
issues
that
often
plague
meme
coins
built
on
congested
layer-1
blockchains
like
Ethereum.

PEPU
holders
can
also
earn
passively
through

the
platform’s
staking
system,
which
offers
a
220%
annual
percentage
yield
(APY).

According
to
an
analyst
from
99Bitcoins,
a
prominent
crypto
channel
on
YouTube,
PEPU
could
soar
100X
after
its
launch.

You
can
buy
PEPU
tokens
for
$0.0090901
each.
With
a
price
hike
coming
in
less
than
7
hours,
buy
soon
to
lock
in
the
best
deal.

Buy

PEPU
from
the
official
website
here

using
ETH,
USDT,
or
a
bank
card.

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