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The Pepe price dropped 9% in the last 24 hours to trade at $0.00001841 as of 11:11 p.m. EST on trading volume that surged 33% to $1.9 billion.
Pepe Aims For A Price Recovery
The PEPE price daily chart reflects a recent consolidation phase following a sharp rally in late 2024.
After the price of Pepe broke out of the horizontal resistance zone (highlighted in orange) around $0.00002262, the upward momentum stalled and formed a flag-like pattern (marked in orange lines), which is often considered a continuation pattern, according to data from GeckoTerminal.
The price of PEPE currently sits just below the 50-day Simple Moving Average (SMA) at $0.0000206, while the 200-day SMA at $0.00001264 remains significantly lower, indicating that the long-term trend is still bullish.
Meanwhile, the purple support zone (previous resistance) around $0.0000184 is being tested and has been held thus far.
Currently, PEPE has broken below the ascending channel, which served as a short-term bullish trendline.
The RSI is at 44.27, which is slightly below the neutral level of 50. This suggests that momentum is weakening but that the meme coin is not yet in oversold territory. If the RSI continues to decline, it could signal increasing selling pressure.
The Moving Average Convergence Divergence (MACD) blue line is trending slightly below the orange signal line, and the histogram is negative, signaling bearish momentum in the short term.
However, the MACD is near the zero line, indicating that the market could shift quickly if buying pressure resumes.
PEPE Price Prediction
If the PEPE price manages to hold above the 50-day SMA at $0.00001841, it could bounce back toward the $0.000025 resistance. A breakout above this level could then lead to a retest of the $0.00003 region, a psychological resistance.
Conversely, if PEPE continues to plunge below the rising channel pattern, the asset could find further support around the $0.00001594 zone.
As the Pepe price drops, investors are piling into a new alternative called Wall Street Pepe (WEPE). Cryptonews, a popular crypto channel on YouTube with over 14.5K subscribers, says WEPE could be the next massive degen play.
A Promising Alternative To Pepe
Wall Street Pepe is an emerging ICO that has gained significant attention in the crypto community, particularly among meme coin investors, as it races past $43.7 million in early funding and hurtles toward the $44 million mark.
The project aims to be a place where members can collaborate, share exclusive market insights, and potentially make massive gains by identifying promising opportunities early on and subsequently outsmart secretive whale investors.
Drawing inspiration from the success of Wall Street Bets on Reddit, the idea is that members will collectively decide on which projects to support, driving momentum and growth.
Out here making history. Feeling bullish. 🐸 ⚔️ pic.twitter.com/LlI8KkWfL7
— Wall Street Pepe (@WEPEToken) December 15, 2024
This community-focused approach helps members gain useful market knowledge, make smart decisions, and connect with others for trading and networking opportunities.
The project emphasizes being open and easy to join, allowing everyone to get involved early.
WEPE hates insider whale investors, and he aims to ensure his WEPE Army can “out-trade the hedge fund fraudsters.”
The WEPE token also comes with a passive income opportunity through its staking feature, which offers a 29% annual percentage yield (APY).
You can buy WEPE tokens from the official website for $0.0003644 using ETH, USDT, or a bank card.
Buy before a price increase in less than 2 days to lock in the best deal.
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Newest Meme Coin ICO - Wall Street Pepe
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