China News by Thebittimes.Com

The Pepe Unchained presale has raised over $11.8 million in the past seven days, putting the meme coin on track to raise nearly $80 million by its Dec. 13 market debut, fueled by a FOMO frenzy ahead of tier-1 exchange listings. Between Nov. 11 and Nov. 19, investors socked $11,856,505.74 into the token’s blockbuster initial coin o ffering (ICO), one of the most successful of all time. The average daily investment for this period is over $1.69 million and PEPU has today soared past $40.3 million in funds raised. If Pepe Unchained’s presale continues accumulating capital at the same pace, the meme coin could make its Dec. 13 market debut having raised close to $80 million. The chances of the token keeping its ICO momentum going look good given the spike in whale activity in the last few days. Speculation Over Possible Coinbase, Binance Listings Send Pepe Unchained Investor Frenzy Into Overdrive Pepe Unchained’s presale started to really gain momentum following the ...

The Pepe price skyrocketed 74% in the last week, despite plunging 15% in the last 24 hours, to trade at $0.00002065 as of 8:46 p.m. EST on trading volume that dropped 55% to $5 billion, according to CoinGecko . Pepe Price Could Still Soar The Pepe price overall trend is bullish due to the sharp upward price movement followed by a consolidation phase forming a symmetrical triangle, a continuation pattern typically seen during bullish trends. According to the PEPE/USDT chart Analysis on the 4-hour timeframe, the price of Pepe now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained bullish trend. The current Relative Strength Index (RSI) is at 54.05, slightly above the midline (50), suggesting neutral momentum after being overbought previously (as seen when the RSI was near 80 during the rally). The RSI cooling off from the overbought zone is healthy, as it allows the price to consolidate without major corrections. Furthermore...