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Pepe Coin’s (PEPE) future remains uncertain amidst significant price drops and the unstable cryptocurrency market.
Despite continuous losses stirring concern, PEPE’s trading volume has surged by nearly 63% in the past 24 hours, leaving the crypto community wondering whether this signals a large-scale sell-off or a spike in buying interest.
PEPE Price Outlook as Bears and Bulls Battle for Supremacy
Pepe has experienced significant drops of 12.5% over the past seven days and an 18% 14-day decline in value.
The asset is trading at $0000001275 at 11:40am EST with a decrease of 3.06% in the last 24 hours.
This price places PEPE in a critical position among other assets as the bulls and bears struggle for control.
PEPE’s value has marginally dropped beneath the 50-day Simple Moving Average (SMA), indicating a short-term bearish outlook. The formation of bearish (red) candles beneath this SMA hints at bearish efforts to drive the price further down.
The Moving Average Convergence/Divergence (MACD) is under the signal line, its fading red histogram affirming the ongoing downtrend.
PEPE’s Relative Strength Index stands at 37.84, sinking further into the oversold zone, signaling strong selling pressure. If bearish forces continue to dominate, PEPE might drop beneath the 50-day SMA towards the significant support at $0.000001. However, if bullish forces take control, PEPE could exceed the 50 SMA and aim for the $0.000002 resistance level.
Wall Street Memes (WSM) Steals the Meme Show
Wall Street Memes, the new sensation on the crypto block, strives to help investors overturn the capitalist narrative, establishing a balance-level financial playground for all, regardless of financial strengths. Leveraging the widespread meme acceptance and popularity has managed so well to give small-time investors a banner to fly.
The project’s native token, $WSM, has gradually become one of the most sought altcoins undergoing presales. With over $18.8 million raised, WSM edges closers to the end of its presale.
WSM Presale Sparks Investors’ Interest as Soft Cap Hits $18.8 Million
WSM’s presale mirrors the early success of PEPE and Sponge, having raised a remarkable $18.8 million of the near $20 million hard cap. Investor excitement and optimistic future forecasts have fueled this strong performance.
The token, currently priced at $0.0325, enters its next phase in about 32 hours, raising its price slightly to $0.0328. 80% of the tokens are set aside for community rewards and marketing, reflecting WSM’s commitment to maintain high liquidity.
Following the presale, WSM will list on several exchanges to boost investor access and further broaden its community and value.
Investors can acquire WSM tokens by connecting their digital wallets to the token’s website and exchanging ETH or USDT for WSM, or purchasing them directly with a bank card.
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