Join Our Telegram channel to stay up to date on breaking news coverage
The Pepe price pumped more than 7% in the last 24 hours to trade at $0.00002491 as of 3:55 a.m. EST as traders go long on the third-largest meme coin by market cap.
With the recent increase in the PEPE price, the crypto’s weekly performance has surged 15%.
Pepe Price Approaching A Recently-Gained Support
4-hour chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price is falling towards the $0.00002408 mark after rising above the level in the last 24 hours, according to GeckoTerminal data. A break below this recently-turned technical support might lead to a correction to the subsequent mark at $0.00002138 in the short term.
Traders will want to take note of an ascending trend line that has formed on the crypto’s 4-hour chart after the meme coin recorded a second higher low recently. This trend line could act as a last line of defense preventing the Pepe price from dropping all the way down to $0.00002138.
In a more bullish scenario, the Pepe price could end up rebounding off of the $0.00002408 mark to register another higher low and continue its current positive trend.
Traders might then buy into the meme coin, potentially pushing PEPE up to above the $0.00002875 resistance. A 4-hour candle close above this barrier could lead to a rise to as high as $0.0003152.
Technicals Suggest The Pepe Price Might Keep Rising
From a technical standpoint, indicators on PEPE’s 4-hour chart suggest the meme coin’s climb has only just started. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flashing bullish.
RSI readings have started to climb in the last couple of hours, which suggests growing bullish strength. The indicator also crossed above the neutral 50 benchmark to indicate that buyers have gained an upper hand against sellers on the 4-hour chart. With the current positive slope of the RSI, it seems bulls are growing stronger. This could lead to an increase in PEPE’s price.
Meanwhile, the MACD is on the verge of triggering a major bullish technical flag as the MACD line tries to break away above the MACD Signal line. If the gap between the two lines begins to grow, traders might interpret this as a sign that PEPE’s bullish momentum is picking up steam.
While PEPE looks poised to continue climbing, investors are rushing to buy new frog-themed meme coin rival Wall Street Pepe (WEPE) for parabolic potential.
WEPE’s Blockbuster Presale Raises $2.2 Million In 24 Hours
Wall Street Pepe is pulling investors in at a rapid pace with its ongoing presale. In just the last 24 hours, the meme coin has raked in an incredible $2.2 million. This has boosted the crypto’s total ICO raise to more than $6.4 million.
Up until now, the crypto charts have been dominated by greedy whales who keep their next moves a secret. Wall Street Pepe (WEPE) is on a mission to challenge whales’ dominance with its growing WEPE Army of degen traders.
Members have constant access to exclusive trading insights and all of the alpha calls that will enable them to trade like a pro. The group is open to anyone who purchases the project’s native WEPE token.
While holders wait for trade signals to come in, they can put their WEPE tokens to work for high passive crypto rewards. Anyone who buys and stakes WEPE tokens now will unlock access to a 98% Annual Percentage Yield (APY).
Multiple crypto experts have also stepped forward to share their bullish predictions for WEPE as well. Among them is an analyst from the Cryptonews YouTube channel, which has over 13K subscribers. In a recent video, the analyst says WEPE could be the next massive degen play.
Anyone that wants to get in on WEPE before it hits the open market can do so using the simple buy widget embedded on the project’s website.
I didn’t choose the meme life. The meme life chooses me. 🐸 ⚔️
Join the army: https://t.co/ZDBhKay9ss pic.twitter.com/tTvIF8j7gT
— Wall Street Pepe (@WEPEToken) December 11, 2024
Selling for $0.000211, WEPE can be bought with both crypto and bank card. Once bought, the WEPE tokens can then be put to work through the staking page on the website for the 98% APY.
Investors who want to lock in the best rate will want to act fast because WEPE’s price is scheduled to increase with each subsequent stage of its presale. The next price hike is set to take place in less than 4 days.
Visit WEPE here before its price increases.
Related Articles:
- Pepe Unchained Price Skyrockets 116% To Hit New All-Time High
- XRP Surges 6% As Ripple CEO Says RLUSD Stablecoin Is Approved
- Mad Price Plunges 12%, But Experts Say This Might Be The Best Crypto To Buy Now
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
