Crypto analyst Jacob Bury has built an enormous following thanks to his insightful meme coin price predictions and analysis of new meme tokens.
This week, he has two bold predictions for the remainder of 2024: $PEPE could jump 3x in a sharp move to the upside, and new meme coin called $PEPU could be the next presale meme coin to deliver 10x returns after launch.
Let’s take a closer look at both of Bury’s predictions so meme coin traders can stay one step ahead of the market.
Bury Predicts Technical Breakout for $PEPE with 3x Price Target
Bury used technical analysis to plot out recent support and resistance bands for $PEPE, which has experienced high volatility in the last few weeks of trading. He found a band of strong support around $0.0000060 and resistance around $0.00000915, with $PEPE currently trading in between them at $0.0000080.
Bury’s analysis also identified an ascending wedge pattern, which serves as the basis for his prediction of a bullish breakout move. If $PEPE is able to make a strong move above the resistance level at $0.00000915, the token’s price could run up to a trendline around $0.0000250 nearly unimpeded.
$PEPE last touched that trendline in late May and mid-March, setting new all-time highs each time. The $0.0000250 price target also represents a potential new all-time high for $PEPE.
Bury’s analysis is bolstered by the RSI indicator, a momentum indicator that can provide information about whether a token is overbought or oversold. $PEPE’s RSI is currently around 35, which is relatively low—a value of 30 or lower is traditionally interpreted as oversold.
That means $PEPE has plenty of room to run from a momentum standpoint. That’s important since the token will only be able to break through the strong resistance at $0.00000915 if there’s nothing holding it back.
Bury does note that $PEPE could fall further, possibly touching its support at $0.0000060, before making the predicted move to the upside. However, his analysis encourages traders to lean into the potential 3x return sooner rather than later so that traders don’t miss out if the move happens suddenly.
Bury Backs Pepe Unchained as Next Presale Meme Coin to 10x
Bury also made a bullish prediction about another Pepe-themed meme coin, Pepe Unchained.
In a video posted shortly after the Pepe Unchained presale raised $3 million, Bury announced that it could be the next meme coin to 10x after launch. Since that video, Pepe Unchained has gone on to raise more than $8.5 million.
Pepe Unchained is a new Ethereum Layer-2 network built around the Pepe meme, and it’s attracted an impressive amount of attention from meme coin investors. The blockchain has the potential to become the next hub for meme coin development and trading, displacing competitors like Solana and Base.
Bury especially liked Pepe Unchained’s seamless bridging with Ethereum, which makes it easy for existing meme coin investors to switch to the Layer-2 for meme coin trading.
Pepe’s on fire! 🔥 We’ve hit $8.5M!
— Pepe Unchained (@pepe_unchained) August 13, 2024
This journey is only getting more exciting, and we couldn’t have done it without you! pic.twitter.com/4ZsjnrAXAH
Pepe Unchained promises much lower transaction fees and 100x faster processing speeds compared to the Ethereum mainnet. The network has also gone through smart contract security audits by both Coinsult and SolidProof, ensuring that developers and traders can trust the network.
The project’s $PEPU meme coin is used to pay for transactions on Pepe Unchained, so any growth in the network’s use should boost demand for $PEPU and send its price higher.
Plus, early investors in the Pepe Unchained presale can stock up on tokens with 229% APY staking rewards—a strong incentive to buy early and hold through the launch.
Investors who join the Pepe Unchained presale today can buy $PEPU at a discounted price of only $0.0090539, locking in unrealized gains as the presale continues and the price rises with each stage. Investors can buy $PEPU with ETH, USDT, BNB, or a credit or debit card.
Bury has made a fortune by being one of the first analysts to predict hot new meme coins, and the Pepe Unchained presale’s success gives the impression that Bury could be right once again. Don’t miss this chance to join the Pepe Unchained presale before it’s too late.
