Pepe (PEPE) has been on an incredible run recently, with its explosive price action and growing adoption. Its market cap has doubled, reaching an impressive $8.9 billion.
This marks a remarkable achievement for holders who weathered the bear market’s challenges. As Pepe marches toward a new all-time high, investor enthusiasm has shifted towards the highly anticipated presale of Pepe Unchained.
With each passing day, the presale continues to surpass new milestones, establishing the project as a noteworthy contender in the ecosystem.
Retail surge drives Pepe rally following Coinbase and Robinhood listings
The reasons behind Pepe’s rise are rooted in two significant developments. First, Coinbase, one of the largest cryptocurrency exchanges globally, listed Pepe.
This move has drastically increased the asset’s visibility and accessibility, particularly in Western markets. Coinbase’s reputation and vast user base have driven massive trading volume, providing a solid foundation for Pepe’s upward momentum.
Second, Robinhood, the widely popular trading app known for spearheading retail trading revolutions like the Wall Street Bets phenomenon, announced its intention to list Pepe.
Robinhood’s ease of use and large existing user base could remove barriers for retail investors looking to buy Pepe, potentially driving more significant market activity.
The impact of these announcements has been evident in Pepe’s price action. The coin surged 68% in the past seven days, with its price increasing by approximately 3.2x in just ten days, from November 4th to November 14th.
Such rapid growth, while impressive, warrants caution. A pullback is not only likely but also necessary to sustain healthy price movements in the long term.
Pepe (PEPE) price analysis
From a technical standpoint, Pepe’s momentum is extraordinary, but signs of overextension are becoming clear. The stochastic RSI on the daily chart indicates that momentum is overbought, suggesting a cooling off period is imminent.
Historically, overbought conditions lead to pullbacks, and traders should prepare for this scenario. The most probable pullback zones include the 7-period Simple Moving Average (SMA) on the 12-hour and daily timeframes.
These levels often act as support, providing an attractive entry point for investors. Additionally, the daily Volume Weighted Average Price (VWAP) and previous all-time highs further strengthen these zones as potential buying opportunities.
A correction of 9–15% would not only be healthy but also set the stage for the next leg up. Looking ahead, Pepe’s current market cap of $8.9 billion positions it as a serious contender in the meme coin ecosystem.
Dogecoin remains the king with a market cap of $55 billion and an all-time high of $80 billion. While it’s premature to predict a 10x rally for Pepe, a 2x or even 3x rise is within the realm of possibility, which would elevate Pepe to the level of Shiba Inu’s previous highs.
Pepe has an edge over its peers, as the market appears to be shifting its focus from $SHIB to fresher narratives. With its growing adoption on major platforms and the broader appeal of its branding, Pepe is poised to gain significant traction in the next bull market cycle.
For now, Pepe’s immediate trajectory is likely to include a consolidation phase, potentially forming a pennant chart pattern. This pattern often precedes continuation to the upside, making it a critical area for traders to watch. Patience is key, as pullbacks often present the best buying opportunities.
While caution is warranted in the short term, the long-term potential for Pepe remains promising. As new listings and increased adoption continue to reduce barriers for retail investors, the coin could see another wave of growth.
Investors should stay informed, track technical indicators, and prepare for what could be an exciting journey ahead for Pepe token. If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.
Pepe Unchained: A profitable meme coin with unmatched utility and growing hype
As Pepe listings fuel a wave of enthusiasm among retail investors, a new contender with a Pepe theme has emerged. Pepe Unchained is generating significant buzz, with its presale hailed as one of the largest in meme coin history. Analysts predict it could potentially exceed $40 to $50 million in funding by its launch.
The project offers a Layer 2 blockchain that combines speed, security, and utility with the charm of meme culture. Having already raised over $36.5 million in its presale, Pepe Unchained has captured widespread attention through extensive marketing and media coverage.
Its robust ecosystem includes instant Ethereum-to-Pepe chain bridging, ultra-fast transactions, staking rewards, and a decentralized exchange, all powered by the $PEPU token.
Are you coming with? There are more chains to break just around the corner. ⛓
Pepe's got your back. 🐸💚 pic.twitter.com/mDPOaCIA47
— Pepe Unchained (@pepe_unchained) November 15, 2024
Innovative features such as a dedicated block explorer and developer grant program aim to attract developers to build on the blockchain, fostering sustained growth and adoption.
Additionally, Pepe’s Pump Pad—a meme coin launchpad—simplifies the process of creating new coins with just a few clicks while offering anti-rug security to protect investors.
With its engaging narrative, impressive utility, and a roadmap focused on rewarding early adopters, Pepe Unchained is poised to redefine the meme coin landscape.
Offering a unique mix of entertainment and innovation, the project invites participation through its presale and promises a vibrant future for the $PEPU ecosystem. To participate in the $PEPU token presale, go to pepeunchained.com.
