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The Kekius Maximus price surged over 22% in the last 24 hours to trade at $0.1172 as of 4:12 a.m. EST as traders go long on the crypto.
The surge in the KEKIUS price comes after billionaire Tesla founder Elon Musk briefly changed his username on X to Kekius Maximus. He has since reverted back to his original profile settings. Following the development, frog-themed crypto Kekius Maximus now claims that it is Musk’s PEPE coin.
Kekius Maximus Price Approaching Resistance
4-hour chart for KEKIUS/USD (Source: GeckoTerminal)
The Kekius Maximus price rebounded from the support level at $0.0672 and is now rising towards the immediate resistance level at $0.1328, according to GeckoTerminal data. Should the meme coin manage to break above this barrier in the coming 24 hours, it could have the technical foundation needed to continue climbing in the short term.
Traders might see a breach of the $0.1328 resistance level as a long entry. This potential buy volume could subsequently push the Kekius Maximus price up to the next major resistance level at $0.2031. If the bullish pressure persists, the meme coin might even rise to as high as $0.2665 in the short term.
However, a rejection from the $0.1328 resistance level in the coming 24 hours might invalidate the bullish thesis. In this alternative scenario, the Kekius Maximus price could end up falling back down to the aforementioned $0.0672 support.
Technicals Warn The Kekius Price Might Be Losing Its Bullish Strength
From a technical standpoint, a bearish reversal seems to be in the cards for the meme coin. In addition to Exponential Moving Averages (EMAs) displaying concerning signs, the Relative Strength Index (RSI) also shows that buyer strength has been gradually dwindling in the last 24 hours.
In recent hours, the 9 EMA has started to collapse towards the longer 20 EMA. With the prior now attempting to cross below the latter, it appears the crypto’s positive momentum is cooling off. A confirmation of this will be if the 9 EMA falls below the 20 EMA line on the 4-hour chart.
Meanwhile, the RSI line has started to level off. Traders might see this as a sign that the Kekius Maximus price’s bullish strength has reached a peak. Given that this decrease in buying power is occurring as the meme coin approaches a major resistance, it is likely that the Kekius Maximus price will be rejected by the $0.1328 mark in the coming few hours.
While technicals show early signs of a correction for the Kekius Maximus price, a new meme coin challenger by the name of Wall Street Pepe (WEPE) continues to pull investors in. With more than $43 million raised in its ongoing presale so far, might the meme coin replace KEKIUS as Musk’s PEPE?
Experts are also bullish on WEPE’s future. Among those who anticipate great things for the project is crypto analyst and YouTuber ClayBro. In a recent video for his more than 133K subscribers he predicted that WEPE investors could become millionaires once the meme coin launches.
Bringing An End To Whales’ Dominance In The Crypto Market
Wall Street Pepe is on a mission to empower traders in the retail market. Up until now, the crypto trading scene has been left at the mercy of whales, who keep their next moves a secret. Through its rapidly-growing WEPE Army of determined degen analysts and traders, Wall Street Pepe aims to bring an end to whales’ dominance in the market.
Bulls cheering. Bears trembling. Excellent. 🐸⚔️ pic.twitter.com/xe36w1GnR5
— Wall Street Pepe (@WEPEToken) January 6, 2025
To accomplish this, members of the WEPE Army will share exclusive market insights and future alpha trade calls that will make it possible for anyone who acts on the signals to trade like a pro.
In addition to the bullish predictions from crypto experts like ClayBro and the project’s aim to empower retail traders, another potential reason behind the buying frenzy around WEPE’s presale could be the attractive staking opportunity on offer to investors at this early stage.
Anyone who buys and stakes WEPE tokens now will unlock a 30% annual return. To get in on these rewards, investors who purchase WEPE will need to navigate to the staking page on the project’s website to put their holdings to work
Anyone can join the WEPE Army by simply purchasing WEPE tokens through the buy widget embedded on the project’s website. Selling for $0.00036643, WEPE can be bought with either crypto or bank card.
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