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Pepe’s price climbed 21% in the past 24 hours to trade at $0.00002589 as of 9 p.m. EST, a 127% jump in trading volume to $8 billion.
This rise brought the price of PEPE to a new all-time high (ATH) and placed the token among the top trending cryptocurrencies on CoinGecko.
Pepe Price bounces off strong support level
The evolution of PEPE/USD prices on the daily period highlights a bullish breakout followed by a strong rally. According to data from GeckoTermonal, the price was trapped in a descending bearish channel earlier in the year with consistent lower highs and lower lows.
This downtrend ended near the $0.000001154 level, where the price found strong support. This area acted as a critical reversal zone as buyers stepped in and started bullish momentum. After breaking out of the bearish channel in late September or early October, the price surged, surpassing key resistance levels.
PEPE/USD is trading at around $0.000002589, showing a daily gain of +3.61%. The breakout also established a new support level around $0.000002000, which served as a basis for consolidation before the next bullish leg.
PEPEUSD Analysis Source: Dextools.io
The 50-day moving average (SMA) at $0.000001568 is pointing higher, signaling strong near-term bullish momentum. The 200-day MA at $0.000001154 confirms a long-term uptrend as the price trades well above this level.
Momentum indicators further support this bullish stance. The MACD is firmly in positive territory, with the MACD line above the signal line and an ascending histogram indicating strong buying pressure.
Meanwhile, the Relative Strength Index (RSI) is at 72.35, in the overbought region of 70. This could trigger a short-term pullback or consolidation in Pepe price before the next upward move.
The technical outlook for PEPE/USD remains bullish, but caution is advised given the overbought RSI. A retest of the $0.000002000 support level could provide a better entry point for further gains.
The next major resistance lies at $0.000003000, a psychological barrier. The main support levels are $0.000002000, aligned with the consolidation zone, and $0.000001568, close to the 50-day SMA.
Wall Street Pepe (WEPE) Presale Hits $3 Million
Another meme coin making waves is Wall Street Pepe (WEPE), but this one is turning heads with its presale success after surpassing $2.4 million in funds raised in just five days since its launch.
According to an analyst from the popular YouTube channel CryptoNews, which has over 14,000 subscribers, WEPE Token is gaining traction as a potential “degen play” in the crypto market..
Wall Street Pepe is the latest coin to turn heads. It combines humor and practical cryptographic utilities to stand out from the crowd.
Inspired by the massive success of Pepe, the original frog play, WEPE takes it one step further. Its presale not only hints at being the next big thing, but also promises exclusive benefits to its holders, including access to trading insights, market strategies, and alpha calls.
Unlike other meme coins fueled solely by hype, Wall Street Pepe aims to empower everyday traders. Its mission is clear: to equip investors with the tools and information needed to thrive in the crypto market.
“Wall Street Pepe hates it when whales hide in insider groups,” his website states. “So he decided to create his own.” Join the WEPE token army: strong frogs together! »
With these resources, Wall Street Pepe aims to help its community navigate the volatile crypto landscape with confidence and clarity.
Who says money doesn’t grow on trees 🐸⚔️ pic.twitter.com/tRLhkEnEBu
– Pépé de Wall Street (@WEPEToken) December 4, 2024
$WEPE token offers 218% staking APY
For its exclusive VIP community, the Wepe Army offers its members access to expert trading calls, market insights, and a platform for sharing strategies with other investors.
Members can also submit business ideas and earn free $WEPE tokens for approved suggestions.
Additionally, investors can earn lucrative passive income through the WEPE Token staking mechanism, which offers a whopping 218% annual percentage yield (APY).
Currently, WEPE tokens are available on the official website at a price of $0.000206 and can be purchased with ETH, USDT or bank cards.
Buy before a price hike in less than 4 days to get the best deal.
Buy WEPE token here.
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