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The Pepe price is up more than 10% on the weekly time frame following a 4% 24-hour pump to trade at $0.00002173 as of 5:50 a.m. EST as investors begin to accumulate the meme coin.
Along with the increase in the PEPE price in the last 24 hours, trading activity around the meme coin also surged over 63%.
Pepe Price Consolidates
4-hour chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price has been in a consolidation phase between $0.00001948 and $0.00002412 in the last few days, according to data from GeckoTerminal. This period of sideways trading could be the precursor to a strong move for the meme coin.
If PEPE enters into a bullish move soon, it could attempt to flip the $0.00002412 barrier into support. Thereafter, continued pressure from buyers might push the Pepe price up to the next major mark at $0.00002866.
On the other hand, a bearish move could lead to the Pepe price falling below the closest support level at $0.00001948. Dropping below this technical crutch might then expose the third largest meme coin by market cap to the risk of plunging all the way down to $0.00001504.
Technicals Suggest Bulls Currently Have Control Of The Pepe Price
From a technical perspective, indicators on PEPE’s 4-hour chart suggest the crypto’s price might keep rising through the course of the next 24 hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are flashing bullish.
In the last couple of hours, RSI readings have risen from the low to high 50s. This suggests buyer strength, which could lead to an increase in the Pepe price in the short term. What’s more, the positive slope of the RSI line might be a sign that bulls are growing even stronger against their bearish counterparts.
Momentum also favors buyers, with the MACD line positioned above the MACD Signal line on the 4-hour chart. The growing margin between the two technical indicators suggests that PEPE’s bullish momentum is slowly picking up steam as well.
As PEPE tries to exit consolidation, investors rush to buy meme coin rival Wall Street Pepe (WEPE) for potential parabolic gains.
Giving Smaller Crypto Traders An Edge
Up until now, large crypto holders known as whales have dominated the crypto charts. With the large amounts of crypto at their disposal, these investors have managed to move the market at will, often to the detriment of smaller investors and traders.
This is where Wall Street Pepe (WEPE) comes in. The project’s rapidly growing WEPE Army of degen traders is on a mission to level the playing field for traders that are normally left in the dark. Anyone can get in on the latest alpha calls and exclusive insights. All investors have to do to get started is purchase the WEPE token.
WEPE holders can then start to trade like a pro, and take on crypto whales in the market to capitalize on all of the market’s major moves.
In addition to unlocking access to the mad degen plays and exclusive insights, WEPE holders could also profit from the meme coin’s predicted speculative growth. Several experts have stepped forward to share their bullish predictions for the meme coin. Among them is an analyst from the Cryptonews YouTube channel, which has over 13K subscribers.
In a recent video, the analyst said that WEPE has “insane potential.”
Investors won’t even have to wait for the predicted surge in the meme coin’s price to start seeing profits, because the meme coin comes with an attractive staking opportunity as well. Anyone who stakes WEPE now will unlock access to a 764% APY.
Investors Bet Big On WEPE’s Future
Wall Street Pepe has already raised over $716K through its ongoing presale. With the project’s speculative potential, meme coin appeal and the lucrative staking opportunity currently on offer, it’s easy to see why investors are excited about the WEPE token at this early stage.
Anyone who wants to get in on the ground stage of the meme coin can do so using the simple buy widget embedded on the project’s website. Selling for $0.000203, WEPE can be bought with both bank card or crypto.
Who said money doesn’t grow on trees 🐸⚔️ pic.twitter.com/tRLhkEnEBu
— Wall Street Pepe (@WEPEToken) December 4, 2024
Buyers who want to lock in the best rate will want to act fast, because the token’s price is set to increase as its presale progresses. The next price hike will happen in 3 days.
Purchase WEPE here before its price increases.
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