Is PEPE’s Price Continually Falling, Opposite to This New Layer 2 Frog Meme Coin with High Staking APY?

The highly popular meme token PEPE is struggling to recover from a bearish trend while some investors are gravitating towards the new $PEPU meme token for Layer 2 and staking benefits.

Today features an update on the famous Pepe Coin. The discussion begins with a technical analysis approach and then explores the Pepe-themed project that has significant potential, possibly 100x from launch.

There are exciting developments coming up, so let’s jump straight to the Pepe update and then move on Pepe Unchained,

PEPE Price Analysis

First, let’s examine potential buying areas for Pepe and discuss the profits that can be reaped from the all-time highs if the current market makes a significant move up the chart. Starting with the daily chart for Pepe, focus on the market structure, which determines whether the trend is up or down.

For reference the higher low points in the market structure are marked by yellow lines. These lines indicate a potential significant pullback after the high is broken. Once that high is broken again, it confirms a higher low market structure, which is important for determining the trend direction of the asset.

These levels are also important for identifying potential reversals and buying levels of support. Currently, the last confirmed higher low is in this area. From the current price, a 21% move downwards would still maintain the bullish market structure, meaning that as long as this level holds, Pepe remains in a bullish trend.

This could be a good buying area, as testing these high low market structure points often leads to a strong bounce. This strategy could include a Dollar Cost Averaging (DCA) approach. Moving to the 4-hour time frame for Pepe, observe an upward sloping parallel channel.

The resistance points here indicate an ascending range chart pattern, which suggests a micro uptrend. If the price breaks downwards and loses this market structure point, a continued trade to the downside could occur, possibly around 2.79% or 8.14%.

PEPE Price Forecast

PEPE was expected to recover this morning, but it has fallen by 1% in the last hour. This decline has weakened its momentum, with indicators pointing to more downside before a possible bounce.

For instance, its Relative Strength Index (RSI) has dropped to 40 from 70 in the morning. This indicates an increase in selling pressure, with the coin’s 30-day average also starting to drop again after reaching close to the 200-day average today.

However, since PEPE has been falling into the oversold region for the past few weeks, today’s decline may not last long. This view is supported by the coin’s resistance and support levels, which are moving towards a pinch point that could trigger a significant move.

The increase in trading volumes today is an encouraging sign that the move could continue upwards, following a period when whales sold a portion of their PEPE holdings.

Interestingly, PEPE touched its current all-time high of $0.00001718 more recently than other major tokens, indicating that it may have more near-term momentum than many other options.

This momentum could align with the upcoming Ethereum ETF launch, potentially leading to a rise in the price of PEPE, as Ethereum-based meme coins like PEPE are likely to benefit from any surge following the ETF.

The coin remains popular among whales, who have repeatedly pumped the token over the past year. They could do so again soon, with PEPE potentially reaching $0.000013 in a few weeks and $0.00002 by Q4.

Analysts have mixed feelings: some predict that prices will rise from $0.000011 to $0.000015 within the next month or year, while others predict that prices will remain bearish, potentially falling to $0.0000024 by the end of 2026.

Pepe Unchained (PEPU): New frog meme coin with 100x potential returns at launch

Now, let’s focus on a new project with significant potential over the next 6 to 12 months: Pepe UnchainedPepe Unchained ($PEPU) is gearing up for a notable market entry, sparking excitement.

Just a week after launching its initial coin offering (ICO), the project has raised nearly $2 million. This rapid fundraising success highlights investors’ strong confidence in Pepe Unchained’s potential. The presale is divided into several phases, with the token price increasing in each phase.

Currently, $PEPU is available at $0.0081939, but there are only 18 hours left before the next phase begins, which will see the price increase. To participate in the presale, visit the Pepe Unchained website, connect a wallet, and make a purchase using ETH, USDT, or BNB. Credit card payments are also accepted for added convenience.

Staking is a key component of Pepe Unchained’s strategy, with over 158 million $PEPU tokens currently staked, offering attractive rewards. With over 1012% APY rewards available, staking presents an attractive opportunity for participants.

The project’s layer-2 solution, PePay Unchained, solves Ethereum’s long-standing scalability problems. By increasing transaction capacity, PePay Unchained ensures faster processing times and lower fees, increasing user efficiency.

PePay has broken its chains with its own Layer 2 blockchain solution:

🧠 Instant bridging between ETH and Pepe Chain
🧠 Lowest transaction fees
🧠 100x faster transaction speed than ETH
🧠 Dedicated Block Explorer

Join the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/hluCsuV1Xz

— Pepe Unchained (@pepe_unchained) July 1, 2024

One of the main advantages of PePay Unchained is that it can handle a higher volume of transactions per second than Ethereum. This leads to faster confirmation times and a more seamless overall experience for users.

Additionally, PePay Unchained’s improved scalability helps reduce network congestion, which is a common problem with Ethereum during times of peak usage. Another significant benefit is the low transaction fees.

The high demand for Ethereum often causes gas fees to rise, making transactions costly. PePay Unchained strives to maintain consistently low fees, making it more affordable for users to interact with the blockchain.

Join the Pepe Unchained community X And Wire To stay updated on the latest news and developments. To participate in the $PEPU token presale, visit here pepeunchained.com,

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