Luna By Virtuals Price Rebounds 260% After A Short Correction, Eyes Further Upside

The Luna By Virtuals price has soared 260%  in the last 24 hours to trade at $0.1578 as of 8 p.m. EST on a 1,302% pump in trading volume to $51 million.

The Luna By Virtuals (LUNAUSD) price soared on Wednesday evening, continuing a recent rally that began with a listing on Binance. After a brief consolidation, buyers appear to be defending a key support level.

LUNA Price Surges After Binance Listing

The LUNA/USD trading pair on the 30-minute chart shows significant bullish momentum, with the current price at $0.1575 and a gain of 6.45%. The recent price surge is depicted by a parabolic curve on the chart, a pattern that is often associated with rapid price growth but also potential volatility.

According to data from GeckoTerminal, LUNA indicates a strong uptrend that is supported by a parabolic curve, suggesting that buying interest has increased sharply, pushing the price higher.

The 50-period moving average (SMA) is currently at $0.09266, and the 200-period moving average (SMA) is at $0.05854, both below the current price. This separation reflects strong bullish momentum, as the price is well above both moving averages.

A price rebound is visible after a brief consolidation, indicating that buyers are likely defending this support level, which could maintain the upward momentum.

The Moving Average Convergence Divergence (MACD) shows a bullish signal, with the MACD line (blue) above the signal line (orange), although the histogram bars are decreasing slightly, hinting at possible slowing momentum in the short term.

The Relative Strength Index (RSI 14) is at 58.85, suggesting that the asset is not yet overbought and still has room to move higher. The RSI has climbed steadily from lower levels, confirming the strength of the current uptrend. However, it is approaching overbought territory, which may signal caution for Luna By Virtuals price buyers.

Pepe Unchained Presale Surges Past $22.5 Million

As the Luna By Virtuals price soars, the new PEPE derivative Pepe Unchained (PEPU) has raised over $22.5 million in its presale campaign, making it one of the most successful crypto presales of the year.

An analyst and Youtuber known as ClayBro, who has over 130k subscribers on the platform, stated that PEPU could lead the meme coin super cycle after it launches.

Pepe Unchained is a Layer 2 meme coin that aims to ”unchain” the original Pepe the Frog meme from the heavily congested Ethereum network and bring it into the modern era.

By launching its own blockchain, Pepe Unchained promises much faster transaction speeds than Ethereum while significantly reducing network fees through its dedicated sidechain.

Pepe Unchained also plans to open its platform to other meme coins. That is one key reason why the team has launched a developer grant program called “Frens with Benefits,” which gives approved developers the opportunity to build apps on the Pepe Unchained network.

DEX, Bridge, L2, Block Explorer. And that's not even Pepe's final form. Lock In?

PEPU holders can also stake their tokens for an annual return of 102%. You can join the presale by buying PEPU tokens for $0.01178 using ETH, USDT, BNB, or a bank card. The price will increase in slightly more than 1 day, so don’t wait too long to lock in the lowest rate.

Buy PEPU tokens on the official website here.

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