Sunpepe Price Prediction: SUNPEPE On Tron Surged 315% As This Competitive PEPE ICO Soars To $11 Million

adminAugust 25, 2024

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Sunpepe price has surged by 315% in the last 24 hours, trading at $0.002941 as of 10:50 PM EST, with volume surging by 59% to $6.9 million.

This price surge is due to the listing of SUNPEPE on the Bitmart cryptocurrency exchange on August 21, with SUNPEPE/USDT trading opening at 9:00 AM UTC.

According to CoinMarketCap, SUNPEPE is currently one of the most popular cryptocurrencies by market cap.

Sunpepe

SUNPEPE (SUNPEPE) is the largest Pepe meme token on the TRON blockchain, and its developers say it was created to bring fun, sunshine, and love to the cryptocurrency community.

Sunpepe price of parabolic curve

The 4-hour SUNPEPE/USD chart shows a dramatic and rapid price rise, characterized by a parabolic curve. This pattern often indicates strength, solid sentiment, and aggressive buying, but also carries the risk of a sharp correction.

Before the parabolic uptrend, the price consolidated within the support zone, creating a solid foundation for an uptrend. As the price began to rise, it hit an initial resistance level of around $0.0020, where it had previously peaked, and eventually broke through. This breakout pushed the price higher, reaching around $0.003672.

Sunpepe

SUNPEPEUSD Analysis Source: Dextools.io

However, as the price approached the $0.0040 level, it experienced a typical pullback after the surge. This area now acts as a significant resistance level. If the price struggles to break this level, a deeper correction could be on the horizon.

Sunpepe Price Soars on Bullish Tech

The Relative Strength Index (RSI) is currently at 84.61, indicating that the asset is severely overbought. This suggests that the price may correct or at least a consolidation period may be coming.

The MACD indicator also shows strong bullish momentum, with the MACD line well above the signal line and a positive histogram. This confirms bullish sentiment, but a steep rise in the MACD line may also indicate that momentum is overextended, consistent with the overbought RSI.

Sunpepe price is in a strong uptrend, supported by strong market enthusiasm. However, this parabolic uptrend is unlikely to continue without a correction. The key resistance level of $0.0042 will be crucial in determining the next step of the price movement. If the price breaks this resistance level, the rally could continue to a new high in the coming weeks, with a target of $0.0072.

Conversely, a failure could result in a pullback to the support zone below $0.0022. Given the overbought situation and the parabolic nature of the uptrend, traders should approach this area cautiously, anticipating potential volatility and a possible correction.

Pepe Unchained Pre-Sale Surpasses $10 Million

Another Pepe derivative that investors are interested in is Pepe Unchained (PEPU), which raised over $10.4 million in its pre-sale.

According to 99Bitcoins, a popular cryptocurrency YouTube channel with over 706,000 subscribers, $PEPU is one of the best cryptocurrencies to buy right now and has the potential to surge 100x after launch.

Pepe Unchained is developing its own layer 2 blockchain that aims to turn meme coins into an asset class.

The project’s layer 2 network is extremely fast, 100x faster than Ethereum.

Pepe is gearing up to launch its own Layer 2 blockchain solution soon.
🧠 Instant bridging between ETH and Pepe Chain
🧠 Lowest trading fees
🧠 100x faster transaction speed than ETH
🧠 Dedicated block explorer
Get ready to join the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/9gxNnddMyq
— Pepe Unchained (@pepe_unchained) July 18, 2024

It also allows for instant bridging between Pepe Unchained and the Ethereum Mainnet, allowing traders to move between networks seamlessly and at low costs.

The project also offers staking rewards to $PEPU holders with an annual yield of 191%, with over 837 million tokens already staked since the protocol launch.

Investors have limited time to purchase $PEPU tokens. The current price is $0.0092734 and the price is expected to increase within 16 hours.

Buy PEPU tokens on the official website here using ETH, USDT or bank card

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