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The PeiPei price has surged 486% in the last 24 hours to trade at $0.0000001371 as of 7:30 a.m. EST on a 239% surge in trading volume to $42.31 million.
Peipei has been pumping hard since its launch on June 4, surging 130,000% within 24 hours and now up a total of more than 943,000%.
gm bros & fellow china meme coin advocates$peipei new highs imminent pic.twitter.com/WR4LhajNck
— Eric Cryptoman (@EricCryptoman) June 6, 2024
PEIPEI says it blends the iconic Pepe meme with the rich essence of Chinese culture, creating a unique and engaging digital experience. The token has already reached a market cap of about $57 million.
Peipei Price Bulls Sustain The Bullish Momentum Within A Rising Channel
The Peipei price has found anchor support on the $0.00000001297 support zone, helping the bulls propel the price up within a rising channel.
PEIPEIUSDT Analysis. Source: Tradingview.com
Despite a brief dip due to bearish activity, the bulls have shown resilience, bouncing back within the rising channel and lifting the price from $0.00000008471 near the channel’s lower trendline. This indicates that the bullish trend is still intact.
Technical indicators are also showing bullish signs, with the price currently trading above the 50-day Simple Moving Average (SMA), which supports the upward trend and reinforces positive market sentiment. If the momentum continues, the price could surpass the 200-day SMA.
Additionally, the MACD has entered bullish territory, with the blue line crossing above the orange line, indicating positive momentum. The histogram bars are also positive, adding to the bullish sentiment.
Furthermore, the Relative Strength Index (RSI) is trading above the 50 midline, maintaining the bullish momentum. Despite the brief pullback, the strong momentum could push the RSI back into the overbought zone, signalling strong buying pressure for PEIPEI.
Peipei Price Prediction: Can The Bulls Sustain The Momentum?
Currently, all factors favour Peipei, and the technical indicators are all bullish. If the upward trend continues, the price of Peipei could climb even higher, potentially reaching a new high of $0.0000001942 in the coming days.
However, if the bears take over, they might push the price into a correction. In that case, the $0.00000001035 support level would provide a stable point for the bulls to regroup.
Furthermore, Go+ Security has identified a potential issue with its smart contract, suggesting it might be another pump-and-dump scheme. Traders should approach this with caution.
WienerAI Presale Hurtles Towards $5 Million
Meanwhile, traders who missed out on the Peipei price surge might consider WienerAI, the new dog-themed meme coin that combines two of the hottest niches in crypto: AI and meme coins.
Its presale has already raced past $4.7 million in funds raised.
WAI combines an AI trading bot and some dog-themed fun with a dollop of delicious sausage meat.
With its cutting-edge predictive capabilities and user-friendly interface, WienerAI’s trading bot helps token holders find hidden gems in the crypto market. Just ask WienerAI for your next trade idea, and it will deliver a market analysis designed to boost your chances of success.
You can also easily swap assets on decentralized exchanges without worrying about MEV.
UPGRADE your trading strategy.
The WienerAI Trading Bot will be your trusted trading companion, leveraging AI to make savvy and predictive moves in a dynamic market. pic.twitter.com/uYCRAWRd2N
— WienerAI (@WienerDogAI) June 1, 2024
Investors holding WAI tokens can stake them and earn an impressive annual yield of 261%. The platform has dedicated 20% of its token supply for staking.
Crypto Youtuber ClayBro believes WienerAI could potentially surge 100X after launch.
This is getting WILD
SO happy to be on this journey with you all
SO MUCH MORE AHEAD 🌭🤖 pic.twitter.com/kWq22xWfSw
— WienerAI (@WienerDogAI) June 3, 2024
To participate in the presale, you can buy WAI tokens for $0.000715 each. With a price hike due in less than two days, buy it soon to secure the lowest price.
Buy WAI tokens here using ETH, BNB, USDT, or a bank card.
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