The LandWolf price pumped over 88% in the last 24 hours to trade at $0.003129 as of 7:11 a.m. EST.
With the recent surge, the WOLF price also printed the biggest 24-hour gain in the meme coin market, according to CoinGecko. Moo Deng (MOODENG) posted the second biggest price increase after it pumped more than 59%.
The LandWolf Price Challenging A Technical Barrier
4-hour chart for WOLF/USD (Source: GeckoTerminal )
The LandWolf price is trying to break above the $0.003093 resistance level. Clearing this threshold could open up an opportunity for the meme coin to climb to the next major mark at $0.003364 in the following 24 hours.
On the other hand, WOLF not closing a 4-hour candle above $0.003093 within the next 12 hours might prevent a bullish move from happening. In this alternative scenario, the LandWolf price could fall to the immediate support level at $0.002675.
If this potential pullback is not seen as a buy opportunity by traders, then the LandWolf price could be at risk of plunging to the technical safety net at $0.002299 in the short term.
LandWolf Price Showing A Lot Of Technical Strength
Technical Indicators on WOLF’s 4-hour chart are showing positive signs, which might lead to a further increase in the LandWolf price. Momentum appears to be in favor of buyers, as suggested by the Moving Average Convergence Divergence (MACD) line’s positioning above the MACD Signal line.
With the gap between the MACD and MACD Signal lines growing, it seems that WOLF’s positive trend shows no signs of nearing its end.
Meanwhile, buyers are also overpowering sellers, with the latest Relative Strength Index (RSI) reading above 50 and the indicator’s positive slope. Traders will, however, want to keep an eye on the RSI, because high readings are often seen as a sell sign. This is because they warn that a crypto’s downside potential is greater than its upside potential.
There are seldom occasions where RSI readings remain in overbought territory for sustained periods of time. This is usually when a crypto is pumping. A potential confirmation that this might be the case for WOLF could be if the meme coin closes a 4-hour candle above the aforementioned $0.003093 resistance within the next 12 hours.
While traders wait to see if there will be a pullback in the WOLF price in the next few hours, investors continue to buy into the blockbuster Pepe Unchained (PEPU) presale, which has rocketed past $15.6 million in funds raised.
Ushering The Meme Coin Space Into A More Scalable Era
Through its native layer-2 blockchain, Pepe Unchained (PEPU) aims to provide the booming meme coin space with some much-needed scalability.
This year has seen these lighthearted cryptos print some impressive gains for many investors. A frenzy subsequently erupted around these tokens, specifically cryptos on the Solana and TON blockchains.
Solana has experienced multiple outages due to a surge in meme coin volumes. DOGS also brought TON to a halt twice. To prevent the next outage, Pepe Unchained will ease the computational burden on these networks by taking over the transaction processing work for the current and the next generation of meme coins.
Popular frog-themed token PEPE will be the first meme coin on Pepe Unchained’s radar. Backers of the altcoin will soon be able to enjoy a 100-fold increase in transaction speeds, while also being able to send and receive crypto at a fraction of the current cost using PEPU.
To grow the Pepe Unchained ecosystem, the project’s team has also launched a new developer grant initiative. Approved proposals will give developers the opportunity to build some of the first decentralized applications on the Pepe Unchained network.
Whales Load Up On PEPU
In addition to its layer-2 capabilities and mission to elevate the meme coin space, there is also a 136% APY being offered to anyone who purchases and stakes PEPU at this early stage.
Popular YouTuber ClayBro told his 130K subscribers that whale investors are “loading up” on PEPU tokens.
Anyone that wants to join these crypto whales in accumulating PEPU can do so via the simple buy widget embedded on the project’s website.
Selling for $0.00986, the crypto can be bought using either ETH, USDT, BNB or bank card. Secure the best deal before a price hike in less than 24 hours.
Buy PEPU on the official website here.
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