Degen Price Rally Highlights Strong Bullish Reversal
The Degen price has surged 64% over the past week and 8% in the last 24 hours, reaching $0.008468** as of press time. Trading volume spiked 49% to **$46.8 million, reflecting heightened investor interest.
Key Technical Indicators Signal Continued Upside
- Chart Pattern: A rounded bottom formation suggests a bullish reversal, with the price breaking upward after consolidation near $0.0050 in September.
- Moving Averages: DEGEN trades above both the 50-day and 200-day SMAs, reinforcing bullish sentiment.
- RSI: At 63, the Relative Strength Index approaches overbought territory but maintains room for growth before signaling exhaustion.
- MACD: The moving average convergence divergence shows strengthening bullish momentum, with green histogram bars confirming upward pressure.
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Price Targets and Risk Factors
- Upside Potential: Bulls target the $0.012 resistance level if the rally sustains.
- Downside Risk: A bearish reversal could see support tested at $0.005792 (200-day SMA).
Pepe Unchained (PEPU): The Layer-2 Meme Coin Challenger
While DEGEN dominates headlines, Pepe Unchained (PEPU)—a Layer-2 Ethereum-based meme coin—has raised $17.3 million in its presale, fueled by:
- Scalability: Solves Ethereum’s high gas fees and slow transactions.
- Staking Rewards: Offers 125% APY for token holders.
- Whale Activity: Recent purchases include a $58k buy-in, signaling institutional confidence.
👉 Why experts call PEPU the top crypto presale of 2024
Why PEPU Could Outperform DEGEN
- Layer-2 Advantage: Faster, cheaper transactions vs. DEGEN’s Base chain limitations.
- Ecosystem Growth: Dedicated blockchain enables dApps and DeFi integrations.
- Community Hype: Featured in Cointelegraph and endorsed by 99Bitcoins (706K YouTube subscribers).
FAQs
Q: Is DEGEN a good investment after its 64% rally?
A: While technicals favor bulls, RSI near overbought levels calls for caution. Diversify with emerging tokens like PEPU.
Q: How does Pepe Unchained differ from PEPE?
A: PEPU operates on its own Layer-2 chain, eliminating Ethereum’s congestion and high fees.
Q: What’s the best entry point for PEPU?
A: The presale price is $0.00991, with a hike expected in <14 hours. Early investors lock in the lowest cost.
Q: Can DEGEN hit $0.012?
A: Yes, if buying volume persists and Bitcoin’s market sentiment remains positive.
Final Thoughts
DEGEN’s rally showcases meme coin volatility, but Pepe Unchained presents a scalable alternative with staking rewards and Layer-2 innovation. Monitor both tokens for short-term swings and long-term ecosystem developments.
Action Step: Join the PEPU presale before the next price increase.
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