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The Pepe price has Skyrocketed by 57,444% in the past week and 132% in the last 24 hours to trade at $0.00007596 as of 8:10 p.m. EST on a 48% surge in trading volume to $709k.
The surge has made Pepe (TRUMP) the top performing PolitiFi token over the past week, according to CoinGecko.
Still, GoPlus says the project’s contract has malicious code and is likely a honeypot.
Pepe Price Indicates More Upside After A short Decline
The TRUMP/USD trading pair on the 30-minute timeframe shows a strong bullish trend. According to GeckoTerminal data, the price is currently around $0.00001211 and is moving within a clearly defined bullish channel.
This upward movement has accelerated recently, forming a parabolic curve, which suggests increasing buying pressure as the price approaches the upper boundary of the channel. This type of formation often indicates that the bullish trend is gaining momentum.
TRUMPUSD Analysis Source: Dextools.io
The 50 Simple Moving Average (SMA), positioned around $0.000007824, is trending upward and provides dynamic support within the bullish channel. With the price well above this moving average, it further signals a robust uptrend.
Additionally, the 200 SMA is significantly lower, around $0.00003192, creating a large gap between the two SMAs. This wide separation confirms the strength of the bullish momentum and indicates that the upward trend has been building consistently over time.
Pepe Price Indicators Signal A Short Term Correction
The Moving Average Convergence Divergence (MACD) shows positive momentum. With the MACD line above the signal line, the histogram also reflects positive values, indicating that buyers are currently in control. This adds confidence to the bullish bias.
However, the Relative Strength Index (RSI) is at 70.34, which is entering the overbought zone. An RSI above 70 usually signals that the Pepe price may be overbought and that a possible pullback could be on the horizon as some traders take profits.
The trend remains strongly bullish, backed by both moving averages and the parabolic curve. The price may encounter some resistance near the upper boundary of the bullish channel or if the RSI continues to rise further into the overbought zone.
On the downside, the 50 SMA and the lower boundary of the channel are likely to serve as dynamic support levels should a pullback occur. This setup presents potential entry or exit opportunities for traders, depending on short-term changes in momentum.
FreeDum Fighters Presale Blasts Past $316K: Next Crypto To Explode?
As the Pepe price surges, the new political meme coin FreeDum Fighters ($DUM) has raised more than $316k in its presale.
According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM has the potential to surge 10X after it launches.
FreeDum Fighters has a satirical take on the upcoming US presidential election, mixing humor, politics and gamified action. At the heart of this quirky world are two over-the-top, mechanized rivals, MAGATRON and Kamacop 9000.
DUM Offers Sky-High Staking Rewards
The project has a unique staking pool that lets investors earn rewards based on the candidate they back. When you join the presale, you’ll vote (stake) your $DUM tokens for one of the candidates.
Right now, if you vote (stake) for the patriotic powerhouse Magatron, you’re looking at a huge 339% annual return.
But if you back Kamacop 9000, the ultimate feminist icon, there’s a jaw-dropping 1,491% annual yield waiting for you.
The $DUM presale is rolling like an M1 Abrams now…
300k raised! pic.twitter.com/d8xgcR7osx
— FreeDum Fighters (@Freedum_Fighter) October 26, 2024
Everything in the FreeDum Fighters ecosystem runs on $DUM. With $DUM, you can vote for your favorite candidate, earn rewards, and get in on all the action the project has to offer.
We LOVE a little banter like this.
MAGATRON and Kamacop deal with things a little more… physically https://t.co/dXDHI6xsMS
— FreeDum Fighters (@Freedum_Fighter) October 23, 2024
If your pick wins a debate or scores big in public opinion, you’ll receive airdropped rewards into your staked balance. But keep in mind that only stakers (voters) qualify for these rewards.
If you are interested, you can buy $DUM tokens for $0.000055 on the official website here using ETH, BNB, USDT, USDC, or SOL.
With a price hike coming in less than 23 hours, buy soon to secure the best deal.
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