Pepe (PEPE), the market’s top frog coin, has jumped 6% in the last 24 hours – wrapping up a solid four-day rally.
This recent surge has PEPE holders feeling optimistic again.
But the question remains: Can the coin keep up this momentum and climb even higher?
PEPE Coin Rallies & Leads Spot Volume Rankings
Right now, PEPE is sitting at $0.0000106, which marks a 27% jump from last Thursday’s local low.
The daily chart shows a clear uptrend, with yesterday’s close firmly above the key $0.000010 resistance level.
Spot trading volumes have also hit $1.2 billion in the past day.
That’s a 38% rise – putting PEPE at the top of the meme coin rankings.
Open interest is also climbing, hitting $80 million as more traders speculate on the coin.
All this excitement culminated in the developers tweeting “memecoin supercycle” yesterday.
This tweet has been viewed over 200,000 times already.
However, other than the overall bullish mood in the crypto market, there doesn’t seem to be any specific reason behind PEPE’s rally.
For now, PEPE is just capitalizing on the prevailing conditions.
And many investors expect it to continue doing so in the near term.
Can PEPE Keep Rising & Post New Highs?
Even with the recent rally, PEPE still has room to run.
It’s currently trading 23% below its July high and 38% below the all-time high set in May, which means plenty of upside potential is left.
On the technical side, PEPE isn’t looking overbought on the daily RSI yet.
Plus, it’s comfortably above the 200-day EMA, a key indicator of the long-term trend.
The 4-hour chart also shows higher highs and higher lows – a classic sign of a strong uptrend.
So, where could PEPE go next?
Based on the previous bullish impulse, PEPE could rally to $0.0000124 on the next push up.
If things really take off, a jump to $0.0000153 might be on the cards, lining up with the 1.616 Fibonacci extension level.
Of course, when it comes to PEPE, nothing is ever certain.
However, with the current momentum and market structure, this Ethereum meme coin could be headed for more gains.
That’s why many meme coin investors are adding PEPE to their portfolios while they can.
Could Pepe Unchained Outperform Pepe? New Meme Coin Raises $19.6M in Presale
Alongside PEPE, another meme coin is looking ready to rally: Pepe Unchained (PEPU).
Still in its presale, Pepe Unchained is turning heads, raising $19.6 million from early investors.
Right now, PEPU tokens are priced at just $0.00999 each. It’s a chance to get in early before PEPU hits the open market – and by the looks of it, that upcoming debut could be massive.
So, why all the hype around Pepe Unchained?
Unlike most meme coins, Pepe Unchained brings something with real value to the table.
The team is building a proprietary Layer-2 blockchain called Pepe Chain, designed to tackle the scalability issues that bog down networks like Ethereum.
According to Pepe Unchained’s whitepaper, it will offer speeds up to 100x faster – and much lower fees.
That could be huge for active meme coin traders, and popular analysts like Cilinix Crypto have highlighted the projects potential.
Beyond the Layer-2 network, Pepe Unchained also offers some exciting extras, like a “double staking” app. There’s even a custom-built DEX in the works, native to the Pepe Chain.
And to ensure the ecosystem thrives right away, the team has launched developer grants, which distribute cash to those willing to build on the network.
All of this has led to Pepe Unchained’s Twitter following hitting 48,000.
That’s why many meme coin investors are keeping an eye on this project – especially given the current bullishness around PEPE.
Visit Pepe Unchained Presale
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