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PEPE, a deflationary memecoin on Ethereum, has shown signs of recovery after halting its downward trend. The coin has risen by over 1.50% in the last 24 hours, indicating a potential rally. Despite facing resistance levels and market uncertainties, PEPE’s recent upward momentum can be attributed to the overall bullish sentiment in the crypto market, driven by positive news that pushed Bitcoin above $61,500. Traders are now aiming for a near-term recovery to overcome resistance levels and potentially target higher price points.
PEPE/USDT is currently trading at $0.0000771, facing downward pressure below the 50-day Exponential Moving Average. The asset is testing support levels at $0.0000721, with potential further support at $0.0000736 and $0.0000700 if the downtrend continues. The Relative Strength Index (RSI) suggests that PEPE/USDT may be approaching oversold conditions, which could signal a stabilization or an upward correction if buying interest increases. Immediate resistance levels are at $0.0000955, with further barriers at $0.0001055 and $0.0001151 for a bullish reversal.
$PEPU, a new memecoin, is gaining attention for its potential gains and features. Investing in $PEPU during its presale offers the opportunity for significant returns, with a 499% APY staking feature for passive income. Strong investor confidence is seen with 321 million $PEPU tokens already staked. The smart contract for Pepe Unchained has been audited by Coinsult and SolidProof, providing security for investors. Crypto experts and influencers like Jacob Crypto Bury are optimistic about meme coins this year, emphasizing the benefits of investing in presales like $PEPU.
The presale for $PEPU is approaching its next price increase, with funds raised nearing the goal. Currently priced at $0.0089461, 1 $PEPU offers an investment opportunity with potential growth. Investors are urged to secure their investment before prices rise further. However, it is important to note that crypto investments carry risks, and this information is provided for informational purposes only. Investors could potentially lose all their capital, highlighting the volatility and unpredictability of the crypto market.
