Casper Price Prediction: CSPR Soars 89% As Pepe Unchained Presale Rockets Toward $40 Million
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The Casper price soared over 89% in the last 24 hours to trade at $0.0201 as of 5:17 a.m. EST as investors FOMO buy the crypto.
With the recent gain, the CSPR price has pushed its weekly performance deeper into the green zone. As a result, the crypto is up more than 133% on the longer-term time frame.
Casper Price Resting On A Key Support
4-hour chart for CSPR/USDT (Source: TradingView)
The Casper price is resting on the key support at $0.01905 after briefly breaking above the $0.02331 resistance in the last 24 hours. Should the crypto fall below the $0.01905 mark within the next 12 hours, it could stand the risk of dropping to the next support level at $0.01343 in the short term.
On the other hand, the Casper price maintaining a position above $0.01905 for the next 12 hours could lead to a rebound in the altcoin’s price. In this more bullish scenario, traders might start to enter into a long position for the crypto. This could push CSPR back above $0.02331. A 4-hour candle close higher than this mark might then lead to CSPR rising to $0.02748.
Casper Price Might Drop In The Coming 24 Hours
From a technical perspective, indicators on CSPR’s 4-hour chart warn the Casper price could drop in the coming 24 hours. This comes after a bearish technical flag was recently triggered by the Relative Strength Index (RSI) indicator. In the last few hours, the RSI line crossed below its Simple Moving Average (SMA) line to suggest sellers have taken control of the Casper price.
CSPR’s bullish momentum seems to have cooled down as well. In the past few hours, the Moving Average Convergence Divergence (MACD) line has started to drop toward the MACD Signal line. This narrowing gap is often interpreted as an early sign of a crypto’s positive cycle nearing its end.
If traders continue to exert sell pressure on the Casper price, it might soon enter a new bearish phase. A confirmation of this technical shift could be the MACD line crossing below the MACD Signal line through the course of the next trading day.
As bearish warnings start to show on CSPR’s charts, investors are rushing to buy Layer 2 meme coin Pepe Unchained (PEPU), which the 99Bitcoins YouTube channel recently told its over 706K subscribers can surge 100X after launch.
Setting A New Standard In The Booming Meme Coin Space
Pepe Unchained (PEPU) is raising the bar for tokens in the growing meme coin space. Instead of relying solely on community hype, the project will introduce unprecedented levels of utility in the lighthearted sector of the crypto market.
Much of this utility will be delivered through Pepe Unchained’s native Layer 2 network. Not only will this sidechain give PEPE lovers access to a 100-fold increase in transaction speeds, it will also slash network fees for the meme’s loyal followers. This will elevate the PEPE brand to new heights in the Web3 space.
To demonstrate the raw power of its layer-2 network, Pepe Unchained has launched its own meme coin launchpad that will compete directly with the popular Solana platform, Pump.fun. Developers will soon start to build applications on the Pepe Unchained network as well, with the project’s developer grant program serving as a catalyst for this wave of creation.
Its layer-2 capabilities, meme coin appeal and the array of decentralized applications that will soon enter its ecosystem will add to the project’s intrinsic value. This could then have a positive effect on the PEPU price.
A Buying Frenzy Erupts Around PEPU’s Presale
Pepe Unchained’s presale has been one of the best-performing meme coin ICOs this year. In the last few days, a buying frenzy has erupted around the meme coin. This is after the team announced that the Pepe Unchained launch date is just 25 days away, placing the crypto’s market debut at around Dec. 13, 2024.
So far, investors have sent more than $35.8 million to PEPU’s ongoing ICO. This impressive raise includes mulitple purchases from large crypto whales.
Pepe is celebrating 35M today!
With just under 26 days left in the presale don't miss out on your chance to get in on the ground floor! 🐸💚🔥 pic.twitter.com/6eTaUVUZSs
— Pepe Unchained (@pepe_unchained) November 17, 2024
Pepe Unchained’s impressive performance is likely to continue following the team’s announcement that the token will be listed on multiple tier-1 crypto exchange platforms on its launch day.
Could it be the next meme coin to explode after listings on Coinbase or Binance – or even both? Pepe itself exploded last week after listings were added on Coinbase and Robinhood.
To get in on the project before it hits the open market, investors can use the simple widget embedded on the project’s website. Selling for $0.012891, PEPU can be bought with either ETH, USDT, BNB or bank card. Once purchased, the PEPU tokens can then also be locked up for a 77% staking APY.
Purchase PEPU before its tier-1 exchange listings here.
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