Pepe Price dives as rival raises over $3.5 million in pre-sale

Pepe’s price has plunged more than 12% in the past 24 hours to trade at $0.00002331 as of 10:06 p.m. EST, as investors dump their holdings in the meme coin on the market.

Despite the strong correction, the positive weekly performance of PEPE remains intact with an increase of 13%.

Pepe Price slides below a key support

4-hour chart for PEPE/USD (Source: GeckoTerminal)

THE Pepe price recently dived below the key support level at $0.00002398 over the past few hours. If the meme coin closes a 4-hour candle below this mark over the next 12 hours, PEPE could run the risk of plunging to the next mark at $0.00001953.

On the other hand, Pepe price closing the next 3 4-hour candles above $0.00002398 could end PEPE price decline. In this alternative scenario, the meme coin could rebound and start rising towards the resistance level of $0.00002864. A break above this barrier could then lead the coin to climb as high as $0.00003309 in the near term.

Bears could push Pepe’s price even lower

From a technical perspective, PEPE 4-hour chart indicators warn that the price of the meme coin may continue to decline in the next 24 hours. Relative Strength Index (RSI) readings have fallen below the neutral 50 benchmark, suggesting that sellers are currently stronger than buyers. The negative slope of the RSI line warns that the bears could also become even stronger.

Meanwhile, a major bearish technical flag was triggered by the Moving Average Convergence Divergence (MACD) indicator over the past few hours. During this period, the MACD line moved below the MACD signal line. This technical event is often seen as an indication that a crypto has entered a short-term negative trend.

If these technical warning signs influence traders’ decision-making over the next 24 hours, PEPE could end up falling to the aforementioned support at $0.00001953.

As PEPE clings to a key support level, investors rush to buy a new rival meme coin Wall Street Pepe (WEPE) for potential parabolic gains.

Enabling Small Traders to Trade Like a Pro

Wall Street Pepe (WEPE) is a new coin project on a mission to empower small retail traders and provide them with the tools and information needed to trade like a pro. So far, crypto charts have been dominated by whales who share their next moves in secretive, hard-to-join groups.

With its rapidly growing WEPE army, Wall Street Pepe will serve as a vital source of market intelligence for retail traders looking to up their game. By joining the group, traders will have access to exclusive market insights and all future alpha calls.

Being part of the WEPE Army is easy. All investors need to do is purchase the WEPE token. Once purchased, the WEPE token also gives its holders the opportunity to passively grow their cryptocurrency portfolios with an annual staking yield of 156% currently on offer to anyone who purchases and locks the coin now.

In addition to the attractive staking opportunity and the possibility of joining the WEPE army, several crypto experts claim that the WEPE token also has great speculative potential. Among them is ClayBro, who told his more than 133,000 followers that the meme coin could create the next crypto-millionaires.

Investor frenzy erupts around WEPE’s ongoing presale

Wall Street Pepe has so far raised more than $3.5 million through its ongoing presale, demonstrating investors’ high confidence in the project’s future. With its mission to take on crypto whales and empower small traders, along with its coin appeal and bullish predictions from crypto experts, it’s easy to see why investors are rushing to buy WEPE.

The Wepe army just spent $3 million. Great green energy. Bigger green bags. 🐸⚔️ pic.twitter.com/f4id36erfJ

– Pépé de Wall Street (@WEPEToken) December 9, 2024

Anyone wishing to participate in the project during its pre-sale phase can do so using the simple in-app purchase widget on the project website. Priced at $0.000207, the WEPE token can be purchased with crypto or a bank card.

Investors who want to acquire the same coin at the best possible rate during this first stage will want to act quickly as WEPE’s price is expected to increase as its ICO progresses. The next price adjustment will take place in just over 3 days.

Buy WEPE here before its next price increase.

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