Pepe Coin Price Prediction: Bulls Set Sights on Wall Street Memes Momentum

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The PEPE coin is nearing a crucial support level. This move will likely play a determining role in shaping its trajectory over the upcoming days. Meanwhile, bulls have set their eyes on WSM, the ticker for the Wall Street Memes ecosystem that is gaining momentum.

Pepe trending — Source: Coinmarketcap.com

A Little Background Info on PEPE

PEPE coin garnered substantial attention within the market, earning the distinction of being regarded as a king of meme coins. Its debut infused a sense of optimism into the meme coin sector during a period of prolonged market downturn. However, like all other meme coins, it also faded, mainly because of the Dogecoin (DOGE) comeback.

For the past 5 days, PEPE coin’s official X account has been muted. This absence from social media prompts speculation regarding their current stance on PEPE. There are two conceivable scenarios: either they may have given up to the anticipated decline in value, or they could be engaged in preparations to unveil a significant listing announcement.

@pepecoineth hasn’t tweeted in 5 Days. Have they given up and accepted their sure fall or are they working on making a Major Listing Announcement? $PEPE Im Buying Here… pic.twitter.com/9grqVXDogP

— Muñoz (@CNMunoz) August 7, 2023

However, the PEPE community still hopes for a comeback and is buying at this discounted level.

PEPE is still Trending Despite Decline

Moreover, the enduring backing and confidence from the community remain palpable, as demonstrated by the coin’s continued prominence. Notably, it maintains a notable position, holding the fifth spot on DEXTools’ Hot Pair List and second rank on CoinMarketCap’s Trending List.

Furthermore, it has also secured the ninth rank within the Crypto Twitter discourse, where discussions regarding the coin persist.

Patience Wins in #Crypto.

A little CT update for everyone:
Twitter activity remains high, next $BTC rally may send #CryptoTwitter wild. Wait is it still called cryptotwitter?

Top Tweeted:

1️⃣ $VRA
2️⃣ $YGG
3️⃣ $KAS
4️⃣ $ATOR
5️⃣ $RNDR
6️⃣ $NAKA
7️⃣ $INJ
8️⃣ $TARA
9️⃣ $PEPE pic.twitter.com/ai2R76pfMu

— AltsDaddy (@AltsDaddycom) August 7, 2023

PEPE Price Analysis

The analysis of the daily price chart for the PEPE/USDT trading pair indicates that the meme coin is currently experiencing selling pressure. The price has approached the lower edge of a descending triangle pattern, which is a crucial point to note.

There are two key aspects to pay attention to at this stage. First, there is baseline support at $0.00000088, which is part of the descending triangle pattern. If the price breaks below this level or closes below it, there is a risk of further price decline, potentially reaching a new all-time low.

On the other hand, a downward-sloping trendline is acting as resistance to the meme coin’s price. If buying activity increases, this trendline could limit the extent of price gains. The price needs to break above and close beyond this trendline to see a positive change in the current bearish trend.

Meanwhile, other technical indicators also suggest continuing the bearish trend for now. The Moving Average Convergence Divergence (MACD) histograms are below the zero line, indicating bearish pressure. The Relative Strength Index (RSI) has entered the oversold zone and is still pointing downwards, implying a potential further price decline. The position of the Exponential Moving Averages (EMAs) supports these signals, with the lower EMA notably below the higher EMA.

As a result, investors are closely watching the critical support level of $0.00000088 to gain insights into potential future price movements. While it is declining and traders eagerly await it to reach critical support, the bulls are focusing on another meme coin.

Alternative to PEPE

Wall Street Memes, a fresh entrant into the meme coins space, generates significant buzz within the retail investing sphere. This is fueled by support from prominent crypto influencers like Joe Parys and Michael Wrubel.

Wall Street Memes boasts an enthusiastic follower base of over 1 million across social media platforms. The project has successfully orchestrated a viral presale for its native $WSM meme coin, amassing an impressive sum of more than $22.286 million through its sales.

Influencer Backing Amplifies $WSM’s Potential

Joe Parys, a notable figure with over 300,000 subscribers on YouTube, is optimistic about the potential of $WSM. He attributes this sentiment to Wall Street Memes’ substantial existing supporter network and the engaging allure of the $50,000 $WSM airdrop competition organized by the community.

🔥IS THIS THE NEXT 100X MEME COIN?! (HONEST REVIEW OF WALL STREET MEMES!!!)https://t.co/v6vB8TcIuf

— Joe Parys (@JoeParys) August 5, 2023

The influence of Wall Street Memes extends beyond Parys alone. Michael Wrubel, commanding a subscriber base exceeding 300,000, has emerged as a strong advocate for $WSM. Over the past few months, he has dedicated several videos to encouraging his audience to invest in the coin.

Drawing Attention from Whales and Influencers Alike

Notably, Wall Street Memes has garnered favor from crypto influencers and significant industry whales, recognized as influential market movers. A recent instance saw a whale channeling 460 ETH into the $WSM token presale, a transaction valued at over $850,000 at the time.

Such participation from notable players suggests that Wall Street Memes’ presale may conclude earlier than initially anticipated.

Whale dumps 460 $ETH into $WSM!!! Get in while you can! This one will 10x easy at launch! Then 100x… Then 1000x…#cryptowhale #WSM #ETH #Wallstmemes #CryptoGems pic.twitter.com/gD43fzfpXt

— Chris Thweatt (@cthweatt0122) August 2, 2023

Charting a Unique Course with Community Empowerment

As Wall Street Memes positions itself for a potentially transformative year, comparisons to other meme coins like Dogecoin, Shiba Inu, and Pepe Coin emerge. The coin, rooted in the movement that witnessed small investors joining forces to challenge Wall Street giants, aims to empower its community fully. The $WSM token supply is earmarked for the Wall Street Memes community, with no hidden private sales or team allocations. This transparency and community focus set Wall Street Memes apart as a presale exemplar for the year.

$WSM Tokenomics

WSM token’s distribution strategy allocates 50% of the token supply to the presale, serving as a foundation for robust marketing endeavors. Additionally, 30% is dedicated to community rewards, while 10% and 10% are set aside for CEX and DEX liquidity. This commitment to community engagement paves the way for potential airdrops to token holders, evidenced by the ongoing $50,000 $WSM airdrop competition.

📢 @wallstmemes Presale is now LIVE 🚀
The Community Token that's flipping the Wall Street Memes game upside down!

– 50% Token Supply in Presale
– 30% Rewarding their Community

🐂 Join the $WSM movement today

Presale: https://t.co/8J2IHDMElt pic.twitter.com/xsccbOhKhE

— CRYPTOFIED1 (@CRYPTOFIED1) June 9, 2023

Pursuing a $1 Billion Market Cap

Wall Street Memes’ vision extends to achieving a $1 billion market cap, propelled by strategic partnerships, premium CEX listings, and comprehensive awareness campaigns. Prospective investors eyeing potential future price surges are encouraged to participate promptly in the meme coin’s presale to secure $WSM at an advantageous discount. The presale accepts transactions on the Ethereum blockchain and BNB Smart Chain, facilitating a seamless purchase process through wallstmemes.com.

Buy Wall Street Memes here