PEIPEI Price Prediction 2024: Will PEIPEI Token Rise Again?

The PeiPei price plunged 15% in the last 24 hours to trade for $0.0000002851 as of 01:15 a.m. on trading volume that slid 13%.

The PeiPei price plunged 15% in the last 24 hours to trade for $0.0000002851 as of 01:15 a.m. on trading volume that slid 13%.

The PEIPEI token combines the iconic Pepe meme with the enchanting essence of Asian culture. It’s among the most bought Ethereum tokens in the past 24 hours.

And the most bought ethereum token by smart money in last 24 hours is… $Mog ?

followed by:

1. $Mog2. $PEPE3. $TAO4. $NPC5. $BANANA6. $MAGAA7. $TONCOIN8. $ALPH9. $SOL10. $PEIPEI pic.twitter.com/CiFs7iZP6D

— Bstream (@BeOnBstream) July 20, 2024

The dump comes on the back of Ethereum’s underperformance as spot Ether ETFs (exchange-traded funds) launch on July 23.

What? Noobs are selling the $ETH ETF news?

No biggie we’ve been through this. We’re going way higher.$PEIPEI $PEPE pic.twitter.com/NgADqS02no

— GokuSan (@GokuSanMAX) July 23, 2024

The PeiPei price is down a stark 15% in the last 24 hours. However, the big-picture outlook shows the token is still bullish. It is consolidating within an ascending parallel channel, which is a bullish technical formation.

As long as it remains within the confines of this chart pattern, PEIPEI token holders are positioned for more gains. Looking at the Relative Strength Index (RSI), it continues to hold above the mean level of 50, showing the bulls still have a chance to fasten their grip on the price.

Similarly, the Moving Average Convergence Divergence (MACD) is also in positive territory, adding credence to the bullish thesis.

If the bulls have their way, the PeiPei price could flip the 50% Fibonacci placeholder of $0.0000003538 back into a support level.

In a highly bullish case, the gains could extrapolate for the ETH-based meme coins to clear the $0.0000005000 psychological level. A higher-high relative to this peak would confirm the continuation of the uptrend.

The highly ambitious case could send the PeiPei price further north to take back the $0.0000006607 all-time high recorded on June 4.

GeckoTerminal: PEIPEI/USD 1-day chart

On the other hand, considering the bearish crossover on the MACD, the PeiPei price may be primed for further losses. This crossover is often interpreted as a sell signal, and traders’ heeding could catalyze the downtrend.

A slip below the lower boundary of the ascending parallel channel would send the PeiPei price to the cliff. It could potentially roll over toward the $0.0000000468 range low.

A Promising Alternative To PeiPei

As the PeiPei price plunges, the Pepe Unchained (PEPU) presale continues to go parabolic with more than $4.9 million raised.

According to 99Bitcoins, a crypto channel on YouTube with more than 705K subscribers, PEPU is one of the best cryptos to buy now, with the potential to soar 100X after its launch.

Pepe Unchained has its own Layer 2 blockchain whose ecosystem is powered by the PEPU token. It is built for speed, security, low fees, and memes.

Pepe will get his own chain – better, faster, and the first memecoin Layer 2!

Launching at the end of the presale ?? pic.twitter.com/sN34G39QuH

— Pepe Unchained (@pepe_unchained) July 22, 2024

PEPU is committed to following the success seen by its predecessor, PEPE, which has delivered mind-blowing returns to early investors. The frog-themed meme coin continues to defend its position on the leaderboard, and PEPU commits to emulate it, while taking blockchain to new heights.

Pepe's taking blockchain to new heights!

SpiderPepe hanging from the ceiling and ready to drop something big ?️? pic.twitter.com/yKAWZKkeTN

— Pepe Unchained (@pepe_unchained) July 11, 2024

As its name suggests, Pepe Unchained aims to set Pepe free from his old, clunky Layer-1 world. It runs atop its own