Pepe Price Outlook: PEPE Up 4%, Could it Pump More or Could PEPU Explode Higher?
Pepe (PEPE) is making a comeback.
The coin is up 4% in the past day after a rough patch, and traders are now wondering if it can keep rising in the final weeks of the year.
Meanwhile, some are shifting their attention to Pepe Unchained (PEPU) a new meme coin that has raised over $56 million before its exchange launch.
PEPE Price Rebounds 12% Amid Broader Crypto Market Bullishness
PEPE is trading at $0.0000194 after finding solid support around $0.0000173 on Tuesday morning.
The coins rebound has been strong up 12% from its Tuesday low though some profit-taking has cooled earlier gains that peaked at 17%.
Things are looking better on the charts, too.
PEPE is now testing the 50-period EMA on the 4-hour time frame, which could act as support.
Trading has also picked up noticeably, with spot volumes jumping 36% to over $3 billion in the past day.
Even open interest is rising now at $105.6 million, up 11% since yesterday.
That suggests traders are opening up fresh positions rather than just closing out old ones.
Theres no apparent reason for PEPEs rebound, but it seems to be capitalizing on the bullishness in the broader market.
Bitcoins climb above $95,000 and the buzz around a potential run to $100,000 have lifted sentiment meme coins included.
PEPE Charts Signal Potential for Further Upside
PEPEs price chart hints that there might be more upside on the horizon.
A large bull flag has appeared on the daily chart, which is usually a sign that the price could move even higher.
On top of that, PEPE has bounced off the 0.618 Fibonacci retracement level.
If this level holds, theres a chance for a push toward $0.000029, which aligns with the 1.272 Fibonacci extension.
Market sentiment is turning as well.
Well-known crypto trader Keller Call pointed out that PEPE has completed a break-and-retest pattern, suggesting the setup is primed for a continuation.
With trading volumes also climbing, Keller believes things are looking more and more encouraging for PEPE in the short term.
So, while the coin still has a bit to go before recovering its recent losses, the current price could be a tempting entry point for investors who can handle the volatility.
That said, managing risk and keeping positions in check is vital.
Pepe Unchained Presale Passes $56M Could PEPU Offer Better Returns Than PEPE?
PEPE might look good, but some traders are eyeing Pepe Unchained as the more exciting option.
Unlike PEPE, Pepe Unchained offers something of real value a Layer-2 blockchain and an entire ecosystem built for meme coin trading.
This gives it a utility edge that PEPE lacks.
All of the buzz around Pepe Unchained is backed by the numbers.
Pepe Unchained L2 Sneak Peek!
What were building is not just a new chain, but an entire ecosystem.
Pepe Unchained L2
Block Explorer
DEX
Bridge
Advanced Analytics
Builder GrantsPepe Unchained is coming. And its going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
Pepe Unchained (@pepe_unchained) September 26, 2024
The projects presale has raised over $56 million, showing massive investor interest ahead of its December exchange debut.
With just 15 days left before the presale closes, anticipation is building fast.
Crypto YouTuber ClayBro recently discussed Pepe Unchained in a video, calling it a project that could be a winner.
ClayBro has previously said that PEPUs price could explode after listing.
Another reason Pepe Unchained might have better potential than PEPE is its lower market cap, which leaves more room for explosive growth.
Thats something traders looking for the next breakout coin often pay attention to.
So, while PEPE might be the more established option, Pepe Unchaineds utility and presale performance make it an exciting pick for those willing to take on higher risk.
As its exchange launch nears, PEPU could easily become one of the years most talked-about meme coins.
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