Unicorn Fart Dust Price Plunges 30% as This ICO Surpasses $33.5 Million

Unicorn Fart Dust price fell 30% in the past 24 hours to trade at $0.1199 as of 9:50 p.m. EST on trading volume that plunged 23% to $222 million, according to CoinGecko .

Unicorn Fart Dust Price Aims for Uptrend Reversal

The UFD/USDT 15-minute time frame chart reflects a short-term bearish trend summarized by a descending channel pattern (highlighted in yellow). Unicorn Fart Dust price has been consistently making lower highs and lower lows, after hitting the resistance at $0.269, according to GeckoTerminal data, which is a characteristic of bearish price action.

UFD Price is currently hovering near the upper edge of the channel, attempting to escape.

Trading within a bearish channel has pushed Unicorn Fart Dust price to trade below the 200-day simple moving average (SMA). However, UFD price is still trading above the 50-day SMA, indicating that the price could further rally through the channel.

The relative strength index (RSI) stands at 55.37, slightly above the neutral level 50, indicating slight bullish momentum. This suggests that buyers are starting to regain control, although the strength of this dynamic is moderate. A further rise in the RSI above 60 could confirm a bullish breakout.

Additionally, the blue Moving Average Convergence Divergence (MACD) line has crossed above the orange signal line, with a positive histogram indicating bullish momentum. This is a short-term bullish signal. However, overall crossover strength remains weak, suggesting cautious optimism.

UFD/USD chart analysis (Source: GeckoTerminal)

Unicorn Fart Dust Price Prediction

Unicorn Fart Dust price trading within the upper boundary of the bearish channel shows that UFD is preparing for an uptrend reversal in the channel. If price breaks above the upper boundary of the bearish channel with increased volume, it could target the 200-day SMA at 0.1442 as the next major resistance level. Beyond that, the price could move towards 0.1600, a previous high.

Conversely, if price fails to breakout and is rejected at the upper boundary of the channel, it could retest support near 0.1115 (50-day SMA) or even drop towards 0.1000, the lower boundary of the descending channel.

As investors flee Unicorn Fart Dust, they are turning to a new alternative to Pepe called Wall Street Pepe (WEPE)which, according to Cryptonews, a popular crypto YouTube channel with over 13,000 subscribers, could be the next massive degen game.

Wall Street Pepe Raises Over $33 Million in Blockbuster Presale

In just over two weeks, the Wall Street Pepe presale has gained traction in the crypto space, with investors pouring over $33.5 million into the project.

How I sleep knowing that Wepe is pumping. 🐸 ⚔️ pic.twitter.com/slowCyxZ0E

– Pépé de Wall Street (@WEPEToken) December 17, 2024

The project aims to guide new and experienced crypto investors in navigating the market and investing in coins with huge potential.

Wall Street Pepe will provide its community with cutting-edge trading strategies, information on promising pre-sales and much more, which will then help traders make more informed investments and trade like pros. WEPE hates whale investors who trade with secret insider groups and its goal is to level the playing field for the little guys.

The WEPE token also offers a passive income opportunity through its staking feature, which offers an exceptional annual percentage yield (APY) of 39%.

You can buy WEPE tokens on the official website for $0.0003651 using ETH, USDT, or a bank card. Buy before a price rise in less than an hour to get the best deal.

Buy WEPE tokens here.

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