Nubcat (NUB) token experiences a 9% price surge amidst its Pepe 2.0 presale, which has raised over $3 million, indicating strong investor interest and potential for future growth.
Points
- Nubcat price increased by 9%, despite a weekly decline.
- The presale has raised over $3 million, showing strong investor interest.
- Technical indicators suggest potential for significant short-term gains.
- Pepe Unchained aims to overcome current limitations with its dedicated network.
Nubcat Price Trying to Flip a Major Resistance Level
Nubcat (NUB) has seen a 9% price surge, reaching $0.01928. However, it remains down over 20% for the week and has not yet recovered from its poor performance over the past 30 days, remaining in the red by more than 56% on the longer timeframe.
A highly bullish scenario could see the Nubcat price soaring to as high as $0.02880 in the short term. However, this might not happen if NUB fails to close a 4-hour candle above $0.01928 within the next 12 hours. Failure to flip this level into support could lead the crypto to fall to the immediate support at $0.01547.
A break below this technical safety might then result in the Nubcat price re-entering the bearish price channel.
Technicals Warn Nubcat Price is Starting to Lose Some Bullish Strength
Technical indicators on NUB’s 4-hour chart show that the Nubcat price is in a positive phase. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bullish. However, these indicators are starting to show signs that the crypto is losing some of its bullish strength.
The MACD line is currently positioned above the MACD Signal line. Traders usually see this specific orientation as a sign that a crypto is in a positive short-term cycle. Meanwhile, RSI readings over the last 8 hours have been above the key 50 benchmark, suggesting buyers have control of the Nubcat price.
Empowering PEPE Via A Dedicated Network
Pepe Unchained (PEPU) aims to overcome PEPE’s current limitations by breaking the frog-themed meme coin’s Ethereum shackles. To accomplish this, Pepe Unchained is launching a new version of the popular crypto that will be housed on its own layer-2 blockchain network.
Power Up Notice!
https://twitter.com/pepe_unchained/status/1810364527051157947
This gives investors the ability to enjoy Pepe Unchained’s fast speeds and low fees while also protecting their immobile assets on the secure Ethereum network. There will also be a native blockchain explorer for Pepe Unchained, enabling token holders and investors to view their transactions with ease.
Explanation
- Strong Investor Interest: The NUB presale raising over $3 million indicates robust investor confidence in the project.
- Bullish Technical Indicators: MACD and RSI readings
suggest a positive short-term outlook for NUB, despite potential weakening of bullish strength.
– Dedicated Network for PEPU: Pepe Unchained’s dedicated layer-2 blockchain network aims to resolve Ethereum’s limitations, enhancing transaction speeds and reducing fees.
– Investor Benefits: Features like seamless bridging and a native blockchain explorer provide additional utility and security for PEPU investors.
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