Pepe has surged back to life in the past 24 hours, posting a 9.7% gain and erasing nearly all of the token’s losses over the past week. It’s a notable turnaround for $PEPE, which has faced selling pressure since the end of July.
But is this the beginning of a more sustained turnaround, or just a temporary bounce before a further drop? We’ll take a closer look and highlight another Pepe-themed meme coin, $PEPU, with the potential to surpass the original Pepe token.
Pepe Holds Key $0.000008 Support Level as Price Stabilizes
Today’s bullish resurgence in $PEPE has come as a huge relief for $PEPE token holders, who faced the possibility that the coin could break below a key support level at $0.0000080.
Heading into the weekend, $PEPE was trading slightly below support, but on low trading volume—an indication that the support band had not truly broken and given way to a prolonged breakdown yet.
The token’s 9.7% price gain has brought $PEPE back into a safety zone right around $0.0000080, and was paired with a 60% jump in trading volume. This suggests the support is strong enough to hold even through this month’s brutal price action.
Where $PEPE goes from here, however, is anyone’s guess. The token appears more likely to trade sideways and potentially test the support level again than it does to make a substantial move to the upside.
Without a strong positive catalyst—or at least an end to the bearish conditions that have plagued the meme coin market for most of August—$PEPE could still ultimately break through the $0.0000080 support level. If that happens, expect the token to fall nearly 40% to its next support area around $0.0000050.
On the other hand, a positive catalyst for $PEPE could send the token significantly higher, potentially all the way to a resistance band around $0.000010. That represents a potential 25% gain for the meme coin, bringing it back to levels not seen since the start of this month’s bear market.
Pepe Unchained Set to Explode After $9.5M Presale Raise
While $PEPE’s future looks uncertain, there’s growing consensus among meme coin analysts that a new Pepe-themed meme coin, $PEPU, has the potential to explode.
$PEPU, the native meme coin of Ethereum Layer-2 network Pepe Unchained, has raised more than $9.5 million in one of the biggest meme coin presales of the year. The token has gotten attention from analysts like Jacob ‘Crypto’ Bury and ClayBro, who predicted the token could jump 100x after launch.
$PEPU will be used to pay for transactions on the Pepe Unchained network, which looks set to displace Solana and Base as the next hub for meme coin development and trading. The new Layer-2 network is the first scaling solution built specifically for meme coins and it boasts 100x faster processing speeds than Ethereum.
Another benefit to $PEPU is that the token can be seamlessly bridged with $ETH, making it easy for meme coin traders to move into Pepe Unchained as the network grows. $PEPU holders also earn staking rewards—set at an impressive 206% APY during the presale.
The Pepe Unchained presale is offering $PEPU at a discounted price, so early investors can lock in gains ahead of the project’s likely volatile price action when it hits exchanges. The token is currently priced at $0.0091996, but that price is only available for 2 more days.
$PEPU has the potential to deliver massive gains that dwarf any gains traders can expect from $PEPE in the near future. Don’t miss this chance to be a part of the next explosive Pepe-themed meme coin.
