Chain News Daily Official TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The Solana price surged over 15% in the last 24 hours to trade at $216.78 as of 9:56 p.m. EST as investors go long on the altcoin. Despite the recent gain, the SOL price was not able to erase the losses it suffered over the last week. As a result, the crypto remains more than 8% in the red on the weekly time frame. Solana Price Trying To Establish A Technical Support 4-hour chart for SOL/USDT (Source: GeckoTerminal ) The Solana price rebounded off of the $186.92 support in the last 24 hours and is now attempting to establish a position above the $213.69 resistance level.  Should the altcoin close the next 2 4-hour candles above $213.69, it could have the space needed to challenge the $245.81 resistance next. An extremely bullish case might see SOL rise to $281.49. On the other hand, the Solana price falling back below the $213.69 mark could result in a more bearish scenario playing out that might lead to SOL plunging to the $186.92 support again. Technicals Suggest The Sol...

The Pepe price surged 13% in the last 24 hours to trade at $0.00001056 as of 00:37 a.m. EST on trading volume that skyrocketed 78% to $2.2 billion. This comes as the meme coin space surged 8% in the last 24 hours to reach a market capitalization of $55 billion. Top meme coins DOGE and SHIB climbed 4% and 6%, respectively. Pepe Price Could Continue Soaring The Pepe price recently invalidated the rounding top pattern, soaring from the $0.00000841 support level, according to data from GeckoTerminal . The current upsurge resulted in the price of Pepe now trading above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the sustained uptrend. The Relative Strength Index (RSI) is at 67.59, nearing the overbought zone (above 70). This shows that buying pressure is increasing, but the price could soon approach an overbought condition, which could lead to some profit-taking or consolidation. However, there’s still room for more upward movement before reaching extreme...

Pepe Unchained stands out as a highly anticipated presale, blending the excitement of meme coins with the advantages of Layer-2 (L2) technology. The presale, which began around mid-June, has already raised $8.1 million. This substantial funding highlights the project’s momentum and the enthusiasm surrounding it. Pepe Unchained aims to create a L2  blockchain similar to what Shiba Inu did with Shibarium, focusing on the Pepe meme. The project’s ability to raise significant amounts of money in a short period, including nearly $700,000 in just a few days, indicates strong market interest. This funding, combined with the product’s innovative concept, suggests that Pepe Unchained could benefit from a bullish market trend at its launch. Pepe Unchained Sets New Standards with Its Own Layer-2 Network Designed for Meme Coins Pepe Unchained goes beyond the typical meme coin by developing its own L2 network specifically tailored for meme coins, rather than simply existin...