- PEPE’s price is correcting after reaching a significant resistance zone.
- Analysts suggest that a breakout might follow this correction.
- Peepe Unchained’s imminent launch of its native Ethereum layer-2 blockchain contributes to PEPE’s bullish sentiment.
The crypto market has been on a free fall since May and many coins have never recovered. However, some coins like PEPE have shown remarkable resilience, signaling their growth potential.
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PEPE’s price has exited the upward channel, making a return and continued correction likely until it reaches the demand area of $0.0000080 – $0.00000890. Experts suggest that another bullish phase could begin with PEPE’s price staying above this zone.
On the other hand, a significant decline may occur if the price falls below this area. Meanwhile, the technical indicators and market sentiment remains predominantly bullish. But what is driving PEPE’s imminent breakthrough?
The Rise of Pepe Unchained
Pepe Unchained, launched as an enhanced version of the original Pepe project, has already gone viral as a high-potential presale project. This project strategically tapped into the massive pool of memecoin investors by incorporating thematic elements from the Pepe project.
The original Pepe mascot, once chained to its old Layer 1 server room, now breaks free with a “giga brain plan.” This transition to a better and faster Layer 2 solution is groundbreaking.
Pepe Unchained becomes the first Pepe-themed token with its own chain, complete with a dedicated block explorer and instant bridging between ETH and Pepe Chain.
Pepe Unchained is set to launch its native Ethereum layer-2 blockchain. While the project’s roadmap remains somewhat vague, it has played a big role in PEPE’s bullish outlook.
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