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The Memes AI price has surged 104% in the last 24 hours to trade at $0.07899 as of 3:20 a.m. EST on a 170% jump in trading volume to $13 million.
Memes AI Price Breaks Above The Symmetrical Triangle Pattern
The MemesAI/USD pair on the 4-hour chart has recently broken out of a symmetrical triangle pattern, signaling strong bullish momentum. This breakout occurred near the upper resistance zone around $0.044, with the price surging to its current level of $0.0784, representing a significant gain of 43.34%. The steep upward move highlights strong buying pressure and a shift in market sentiment.
The 50-period moving average (MA), currently positioned at $0.0444, and the 200-period MA, sitting around $0.0508, are now key levels to watch. The price trading well above these moving averages confirms the bullish trend.
MEMESAIUSD Analysis Source Dextools.io
The MACD indicator also supports this momentum, with the MACD line crossing above the signal line and the histogram showing increasing green bars, reflecting strong positive momentum.
However, the Relative Strength Index (RSI) is at 82.43, indicating overbought conditions. This suggests that a short-term pullback or consolidation could occur while the current trend is bullish.
The 200-period MA at $0.0508 is the immediate support, while the breakout point near $0.044 could act as a retest zone in case of a correction. On the upside, the next major resistance stands near $0.0900, with psychological resistance at $0.1000. If the momentum continues, the Memes AI price could aim for these levels; however, traders should remain cautious given the overbought RSI.
The breakout signals a bullish continuation, but a short-term correction remains possible. Traders may consider waiting for pullbacks to the $0.0508-$0.044 range to enter positions, while long-term holders can maintain their positions and target higher resistance levels.
Monitoring price action and volume, alongside proper risk management, will be crucial as the market develops.
Wall Street Pepe Presale Surges Past $25 Million
While the Memes AI price continues its bullish surge, so, too, is a PEPE derivative called Wall Street Pepe ($WEPE), which has just burst past $25 million in funds raised in its presale in only 12 days.
It’s amassing funds at an average rate of more than $2 million every day.
Even the prominent crypto analyst and YouTuber Austin Hilton, who boasts 295K subscribers, predicts that WEPE will ”revolutionize” the crypto space.
In a bold move to level the playing field for small traders, Wall Street Pepe has launched a mission to provide them with exclusive market insights, actionable trading tips, and winning strategies.
The initiative aims to equip small traders with advanced tools and resources, helping them navigate the complexities of today’s fast-paced markets with confidence, and even beat secretive insider whale traders.
The fast-expanding WEPE Army is at the heart of this movement. Members gain unparalleled access to professional-level market analysis and expert trading recommendations.
This service creates a supportive ecosystem where small traders are empowered to compete like seasoned professionals.
Out here making history. Feeling bullish. 🐸 ⚔️ pic.twitter.com/LlI8KkWfL7
— Wall Street Pepe (@WEPEToken) December 15, 2024
Wall Street Pepe also has a lucrative staking feature that offers $WEPE token holders to earn a stellar 53% annual percentage yield (APY).
Currently, $WEPE tokens are priced at $0.0003644 and can be purchased directly from the project’s official website using ETH, USDT, or bank cards.
Interested investors should buy before a price increase in a little more than 14 hours, or sooner if funds raised hit $25.54 million – and already $25.24 million is in the bag.
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