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The Crypto All-Stars price jumped 43% in the last 4 hours to trade at $0.000933 as of 04:08 a.m. EST on trading volume that soared to $9 million.
Crypto All-Stars Price On A Bullish Trend Reversal
The Crypto All-Stars price chart, on a 5-minute timeframe, highlights a falling wedge formation. This pattern, marked by converging trendlines, suggests potential price compression and indicates a likely breakout scenario. After a steep sell-off earlier in the session, the price entered a consolidation phase within the wedge, showcasing lower highs and higher lows.
The current STARS price is $0.0009333, showing minor gains as it approaches the wedge’s resistance line, according to GeckoTerminal data. Historically, descending wedges are bullish reversal patterns, especially if accompanied by a breakout above the upper trendline. The upward move near the end of the chart suggests a breakout might already be in progress.
The 200-period moving average lies below the price at $0.00086901, acting as a support level.
The Relative Strength Index (RSI) currently sits at 65.86, nearing the overbought threshold of 70. This suggests growing buying momentum but also signals caution for potential profit-taking if RSI crosses into overbought territory.
Given the technical setup, STARS/USD is showing signs of breaking out of the descending wedge pattern. If the Crypto All-Stars price successfully closes above the resistance trendline, it could target the next psychological resistance levels around $0.001000 or $0.001200.
On the other hand, failure to sustain above the breakout level might lead to a retest of the support at $0.000869 or the lower wedge boundary.
Meanwhile, investors are piling into a new frog-themed Pepe derivative called Wall Street Pepe (WEPE), which crypto influencer ClayBro, with over 134k subscribers, predicts will soar 100X after launch.
Wall Street Pepe Presale Amasses Over $35.6 Million
Wall Street Pepe stands out from other meme coins by combining humor with real-world utility. The project transforms the iconic Pepe the Frog mascot into a Wall Street professional, dressed in a slick suit and sunglasses.
But this theme goes beyond just fun. Wall Street Pepe’s trading platform aims to give retail traders the same insights as big crypto players. This platform includes a private trading group with market signals, tips, strategies, and more, which then helps traders make more informed investments and to trade like pros.
How I sleep knowing Wepe is pumping. 🐸 ⚔️ pic.twitter.com/slowCyxZ0E
— Wall Street Pepe (@WEPEToken) December 17, 2024
The WEPE token also offers a passive income opportunity through its staking feature, which delivers a stellar 37% annual percentage yield (APY).
You can buy WEPE tokens from the official website for $0.0003655 using ETH, USDT, or a bank card. Buy before a price hike in less than 22 hours to lock in the best deal.
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