Pepe price is up 21% in the last 24 hours to trade for $0.00000149 as of 2:00 a.m. EST time, with trading volume rising 250%.

It comes amid hype around the Christmas holidays, with the trading volume surge defying expectations as it is a weekend and the retail market tends to take the back seat.

Pepe price has outperformed its peers in the meme coin category with Dogecoin (DOGE) and Shiba Inu (SHIB) recording single-digit gains. Still, their respective surges show that the recent bout of meme coin fever is still not over

Attention has shifted from Bonk (BONK) to PEPE, after the former captured the market’s attention recently with skyrocketing prices.

Pepe Price Prognosis

Pepe price is trading within a supply barrier that extends between $0.00000146 and $0.00000172. To confirm the uptrend, the price must record a candlestick close above the midline of this barrier at $0.00000159.

Based on the technical outlook, the odds still favor the upside, given that the Relative Strength Index (RSI) is above the 50 level. Similarly, the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) are in the positive territory, pointing to the bulls leading the PEPE market.

Increased buying pressure could see Pepe price flip the supply barrier into a bullish breaker, potentially extending the gains to clear the equal highs at $0.00000191. In a highly bullish case, the gains could extend for Pepe price to tag $0.00000191.

On the other hand, if the supply barrier holds as a resistance, Pepe price could pull south, falling below the $0.00000144 support. In the dire case, the slump could extend for PEPE price to lose the support offered by the upper trendline at $0.00000120.

A break and close below this level would invalidate the prevailing bullish outlook.

Meanwhile, attention has shifted to SPONGE V2, an upgrade to the original SPONGE after a successful bridging. The token features among analysts’ list of upcoming crypto presales as traders unlock early investment opportunities.

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Promising Alternative To PEPE

SPONGE V2, one of the top upcoming cryptocurrencies to invest in 2024, is a play-to-earn project stepping up as an upgrade to Sponge V1, which debuted during the May 2023 bear market.

What launched as a fair token with an astronomical all-time high market capitalization of almost $100 million has now evolved into something bigger and more worthwhile.

📣 We’re excited to announce that #Sponge is bridging from V1 to V2!

Stake your $SPONGE to earn #SpongeV2 tokens. 🧽💦

Buy and stake now for a special V2 token bonus! Don’t miss out 🔥#MemeCoin #Web3 #BullMarket pic.twitter.com/bYmkg1TNrU

— $SPONGE (@spongeoneth) December 18, 2023

To acquire SPONGE V2, investors must buy and stake Sponge V1 through the Sponge.vip website’s buy widget.

Alternatively, you can stake your Sponge V1 through the Sponge.vip website. Notably, you are able to earn more V2 tokens if you stake more V1 tokens for longer. Once the remaining supply of Sponge V1 runs out, you can then claim your Sponge V2 tokens.

Buy SPONGE V2 tokens here.

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• Source: https://insidebitcoins.com/news/pepe-price-prediction-pepe-pumps-21-but-will-this-star-meme-coins-2-0-version-100x-again