Pepe Unchained (PEPU), a new Layer 2 meme coin, has emerged as one of the top gainers in the market in the last 7 days. Pushing hard to the upside from its bullish momentum, PEPU has surged by over 15%, with a current price of $0.003508. The token is attracting growing interest due to its unique mix of utility, speed, and meme culture.
Built on a Layer 2 blockchain, Pepe Unchained aims to offer faster transactions, lower fees, and enhanced security. The project brands itself as “the future of meme coins,” combining real blockchain infrastructure with community-driven engagement.
As of writing, PEPU has gained 15.38% in the past 7 days and a 12.14% increase in the last 24 hours. Its market cap now stands at $22.89 million, surpassing the $20 million milestone. The 24-hour trading volume is also up by 22.54%, reaching $1.97 million, signaling growing liquidity and interest.
The PEPU token powers the entire Pepe Unchained ecosystem. The project describes itself as “the kingdom,” placing meme icon Pepe as its ruler. This creative branding taps into the meme coin community while also delivering on-chain utility via a functioning Layer 2 chain.
Technical Analysis: Bullish Reversal in Progress?
PEPU has been in a prolonged downtrend, breaking below key support levels. Looking at the 50 and 100 MA, they all lie above the current market price, further highlighting the bearish pressure. However, recent price action shows signs of a potential short-term trend reversal.
After bottoming to $0.0027031 low on the last day of March, the token formed some bullish candles thereafter. It is now pushing towards a potential resistance zone, suggesting growing short-term bullish momentum.
PEPU Daily Chart: TradingView
The immediate resistance zone is marked around $0.0044000. If the price breaks and closes above this level, the next bullish target lies at a strong supply zone around $0.0089090, a strong resistance area that has been tested more than 4 times.
However, if bulls fail to break above $0.0044000, the price could retrace back to $0.0027031 low and lower. A drop below that level could expose the token to deeper levels.
Pepe Unchained is making waves as both a meme coin and a Layer 2 project. With a 15%+ weekly gain, a growing user base, and strong trading volume, PEPU is now on many investors’ radars.
Attention turns to whether bulls can maintain control and break key resistance. However, this outcome will also depend on the price behavior at the level and the overall crypto market.
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