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</div></div></div><p><span style="font-weight: 400;">The Ethena price </span><a href="https://www.geckoterminal.com/eth/pools/0xc3db44adc1fcdfd5671f555236eae49f4a8eea18"><span style="font-weight: 400;">surged</span></a><span style="font-weight: 400;"> by over 10% in the past 24 hours, reaching $0.3993 as of 5:37 a.m. EST, driven by a growing interest in the altcoin.</span></p>
<p><span style="font-weight: 400;">This increase in the ENA price coincides with Ethereal, a combined spot and perpetual futures decentralized exchange (DEX), presenting a </span><a href="https://gov.ethenafoundation.com/t/introducing-ethereal-request-to-ethena-governance-on-integration/154"><span style="font-weight: 400;">proposal</span></a><span style="font-weight: 400;"> to the Ethena community for the direct integration of the DEX with the Ethena hedging engine and liquidity pool.</span></p>
<h2><span style="font-weight: 400;">Ethena Price Approaching Key Resistance</span></h2>
<p><img decoding="async" src="https://s3.tradingview.com/snapshots/s/sbLJhr3S.png" alt="ENA Chart Image"/></p>
<p><span style="font-weight: 400;">4-hour chart for ENA/USD (Source: </span><a href="https://www.tradingview.com/x/sbLJhr3S/"><span style="font-weight: 400;">GeckoTerminal</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">The </span><span style="font-weight: 400;">Ethena</span><span style="font-weight: 400;"> price has established a medium-term ascending price channel over recent days, characterized by a series of higher highs and higher lows. Currently, the altcoin is striving to break through a significant resistance level at $0.4340.</span></p>
<p><span style="font-weight: 400;">A breakout above $0.4340 in the next 12 hours could facilitate further gains in the Ethena price within the following 24 hours. Conversely, a rejection at this resistance could negate the bullish outlook. In this scenario, the cryptocurrency might retreat to the immediate support at $0.3880.</span></p>
<p><span style="font-weight: 400;">Should the selling pressure persist and push the Ethena price down to $0.3880, this could place the crypto at risk of plummeting to the next safety net level at $0.3486. In a significantly bearish scenario, ENA could decrease to as low as $0.3026 in the short term.</span></p>
<h2><span style="font-weight: 400;">Indicators Indicate Ethena Price May Be Losing Bullish Momentum</span></h2>
<p><span style="font-weight: 400;">Reviewing technical indicators on the 4-hour chart, there are signals suggesting that ENA’s bullish momentum is waning. Specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bearish signs.</span></p>
<p><span style="font-weight: 400;">Recently, the MACD line has begun to flatten out above the MACD Signal line, allowing sellers the opportunity to enter ENA’s market and potentially reverse its uptrend. A definitive indication of a shift in control towards sellers will occur when the MACD line crosses beneath the MACD Signal line.</span></p>
<p><span style="font-weight: 400;">Moreover, the RSI has begun to decrease over the last few hours, reflecting a reduction in buyer strength. The current value of the indicator is just above 62, implying that buyers still have the capability to lift the Ethena price higher if they choose to. However, the downward trend of the RSI line suggests that buyers need to act swiftly to avert a total bearish takeover.</span></p>
<p><span style="font-weight: 400;">While Ethena strives to maintain its bullish trajectory, the layer-2 meme coin </span><span style="font-weight: 400;">Pepe Unchained (PEPU)</span><span style="font-weight: 400;"> is experiencing significant momentum during its ongoing presale phase.</span></p>
<h2><span style="font-weight: 400;">A Blockchain Focused on Advancing the Thriving Meme Coin Market</span></h2>
<p><span style="font-weight: 400;">Pepe Unchained (PEPU) intends to enhance the transactional functions of the well-known frog-themed PEPE and other tokens within the dynamic meme coin sector.</span></p>
<p><span style="font-weight: 400;">To accomplish this, the project will introduce its own layer-2 blockchain, thereby offloading the transaction processing burden of these cryptocurrencies from Ethereum to its own blockchain.</span></p>
<p><span style="font-weight: 400;">This transition will not only alleviate congestion on the Ethereum network, but it will also enable transaction speeds that are 100 times faster than those of any current meme coin on the market.</span></p>
<p><span style="font-weight: 400;">These rapid speeds will be accessible via the native PEPU token, allowing users to send and receive cryptocurrencies at minimal costs.</span></p>
<p><span style="font-weight: 400;">With connections to the established Ethereum network, investors will seamlessly transfer value between the Ethereum and Pepe Unchained blockchains. This provides the dual benefit of Ethereum’s robust security measures alongside Pepe Unchained’s unparalleled processing speeds.</span></p>
<p><span style="font-weight: 400;">With a mission to enhance the meme coin market through its layer-2 capabilities, it is evident why an analyst from the 99Bitcoins YouTube channel, with over 706K subscribers, is optimistic about PEPU’s future. The analyst recently stated in a video that the meme coin could appreciate 10X post-launch.</span></p>
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<h2><span style="font-weight: 400;">Investors Are Expecting Big Returns for PEPU at This Early Stage</span></h2>
<p><span style="font-weight: 400;">The 99Bitcoins analyst is not alone in foreseeing a bright future for PEPU. Investors are eagerly purchasing the crypto at ICO rates, as evidenced by the over $16.5 million raised by the project thus far. Additionally, a whale acquired $53K worth of PEPU over the weekend.</span></p>
<p><span style="font-weight: 400;">Apart from its anticipated speculative potential, a 130% APY is also available.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="4.991452991453">
<p lang="en" dir="ltr">Most wanted Frog on the Block 😎 <a href="https://t.co/ACbgccLKyg">pic.twitter.com/ACbgccLKyg</a></p>
<p>— Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1840505024872632686?ref_src=twsrc%5Etfw">September 29, 2024</a></p></blockquote>
<p><span style="font-weight: 400;">To obtain access to the high APY, investors must first acquire PEPU through the straightforward buy widget on its website. The token, priced at $0.00989, can be purchased using ETH, USDT, BNB, or a bank card.</span></p>
<p>For the best price, make your purchase before the anticipated increase in just over a day.</p>
<p><span style="font-weight: 400;">Buy and stake PEPU here for up to 130% in annual rewards.</span></p>
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</div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>Ethena Price Surges 10% as PEPE 2.0 ICO Gains Momentum[embed]https://www.youtube.com/watch?v=vJZL1ohymeU[/embed]
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