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The Wuffi price has soared 76% in the last 24 hours to trade at $0.0000007352 as of 7:20 a.m. EST as trading volume skyrocketed 829% to $1.5 billion.
Wuffi Price Signals A potential Uptrend Ahead
The WUF/USD trading pair in the 30-minute timeframe shows strong bullish momentum as the current price stands at $0.00007327, reflecting a slight gain of 2.78%. The chart highlights a sharp upward movement followed by a consolidation phase, with the price stabilizing between $0.00007200 and $0.00007327.
This consolidation zone could be crucial, as it may signal either a continuation of the uptrend or a potential pullback, depending on whether the price breaks out or retraces.
The 50-period moving average (SMA) is at $0.0000069, and the 200-period moving average (SMA) is at $0.0000048, both of which are significantly below the current price.
This indicates strong bullish momentum, further supported by the recent moving average crossover, where the 50-period SMA crossed above the 200-period SMA. This crossover was followed by a sharp price increase, confirming a solid uptrend.
WUFUSD Analysis Source: Dextools.io
The MACD shows a bullish crossover with the MACD line (blue) above the signal line (orange), and the histogram is positive, though the bars are slightly decreasing. This suggests that while bullish momentum is still present, it might be slowing down during this consolidation phase.
The RSI is currently at 64.79, just below the overbought level of 70, indicating that the asset has room for further upside before reaching overbought conditions. The RSI has risen from around 40, reflecting the strength of the current uptrend, but it has stabilized as the price consolidates.
The price is in a consolidation zone between $0.00007200 and $0.00007327, and a breakout above this range could lead to further upside movement. The bullish indicators, such as the moving average crossover and rising RSI, support a potential upward breakout. However, if the price fails to break through this level, it may continue to consolidate or retrace.
Pepe Unchained Presale Races Toward $23 Million: Best Crypto To Buy Now?
As the Wuffi price surges, investors continue to pump cash into the new PEPE derivative ICO Pepe Unchained (PEPU), which has crashed past $22.4 million in funds raised.
The 99Bitcoins YouTube channel, which has a huge following of over 706k subscribers, says PEPU could potentially surge by 100X after it launches.
Pepe Unchained comes armed with its own Layer 2 blockchain, and is designed to free the OG PEPE meme coin from the slow and costly Ethereum network.
The Pepe chain offers transactions that are up to 100 times faster than those on Ethereum and with significantly lower gas fees.
PEPU is also fully compatible with Ethereum’s decentralized apps (dApps). This means users can enjoy a faster, cheaper experience while still being part of the larger Ethereum ecosystem.
This is how jacked we are for the L2
We know you are too 🐸 pic.twitter.com/T7yJ4RCA84
— Pepe Unchained (@pepe_unchained) October 22, 2024
The project also plans to open its platform to the broader meme coin market. And it is offering a developer grant program called “Frens with Benefits” to invite skilled developers to contribute to the development of the Pepe Chain ecosystem.
In the meantime, PEPU holders can stake their tokens for an annual return of 102%.
Right now, PEPU is priced at $0.01178, and can be purchased with ETH, USDT, BNB, or a bank card. With the price set to increase in less than 2 days, don’t wait too long to lock in the lowest rate.
Buy PEPU tokens on the official website here.
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