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Shiba V Pepe (SHEPE) witnessed a 5% decline as sellers demonstrated increased resilience, exerting downward pressure on the price.
Subsequently, this decline intensified, resulting in a significant daily drop of 28%, causing the price to trade at $0.000000013711 as of 9:39 a.m. EST. Additionally, its daily trading volume decreased by 6.5%, settling at $4million.
With SHEPE set to be listed on the MEXC and Bitget exchanges on September 8, can this catalyze a sustained bullish surge in the future.
🚨#MEXC new listings alert!
📈 $SHEPE/USDT will list in the Assessment Zone at 12:00 on Sep 7 (UTC). @shibavspepe
🔹Deposit: Opened
🔹Withdrawal: Sep 8, 12:00 (UTC)Details: https://t.co/pHScV53LIA pic.twitter.com/ZROIcAtniR
— MEXC (@MEXC_Official) September 7, 2023
SHEPE Price Recovers Retracement
Based on the provided chart, SHEPE’s price appears to have experienced an upward trajectory since its introduction to the market and cryptocurrency exchanges. Nevertheless, following its encounter with the resistance level, the market retreats, prompting the bulls to seek refuge near the lower bullish trendline.
Moreover, the price appears to be shaping an ascending triangle pattern, signaling the potential for a bullish continuation in SHEPE’s price. Should the rebound along the lower trendline of the triangle persist, it is likely to trigger an inevitable surge, propelling the price beyond its previous peak.
In addition, the Relative Strength Index (RSI) indicates signs of a rebound, having touched its neutral position at 50. This resurgence instills renewed optimism among the bulls as they anticipate an impending bullish surge.
Based on the analysis above, the price of SHEPE exhibits a bullish sentiment, even though retracement levels have approached the lower boundary of the bullish triangle. Monitoring critical levels at $0.00000001595 and $0.00000001790 is crucial for potential upward price movements.
Conversely, if bearish pressure persists, a candlestick close below the bullish trendline could prompt the bulls to regroup around the $0.00000001092 support level.
In the meantime, Wall Street Memes is garnering considerable attention, with its presale concluding in just two weeks. Investors may want to explore this as an alternative to the SHEPE token.
Wall Street Memes Tier 1 Launch 2 Weeks Away
The WSM presale final day is approaching, with about two weeks left. Wall Street Memes (WSM) is gearing up for its highly anticipated tier-1 launch on September 27. Investors eagerly await potential price surges as the project has already secured an impressive $25 million in funding.
The WSM token is currently priced at $0.0337 per token during this presale phase, making it an attractive entry point for investors looking to get in before a potential surge in value, aiming to reach $30 million.
Are you a chad or a buffet? pic.twitter.com/JKAzdGRjbn
— Wall Street Memes (@wallstmemes) September 3, 2023
The project has garnered an impressive following of over 1 million users on its social media platforms, generating more than 40 million monthly impressions, highlighting the substantial reach of WSM.
WSM Staking Strategy
WSM is implementing a high-yield staking mechanism to promote stability and encourage token staking, which helps mitigate abrupt sell-offs and potential market downturns. The accumulation of staked tokens, forming a significant portion of the circulating supply, vividly underscores the community’s wholehearted embrace of this incentive-driven system.
What have we become pic.twitter.com/GvKr91vXkZ
— Wall Street Memes (@wallstmemes) September 4, 2023
In the latest staking update, the aggregate staked WSM has surged past 212 million, offering an estimated annual percentage yield (APY) of 94%.
The project rewards participants with 75 rewards per block, and the total supply of WSM tokens is 1.6 billion. Additionally, WSM has organized a $50,000 airdrop event for active holders engaged with their social media channels, including Discord.
The total supply of $WSM tokens is capped at 2 billion, exclusively dedicated to the community. The presale will release 50% of the tokens, allocating 30% for community rewards, while the remaining 20% will ensure liquidity across various exchanges.
Interested investors can acquire WSM tokens using Ethereum (ETH) and Tether (USDT) by linking their wallets to the WSM website or using bank cards.
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