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The Pudgy Penguins worth soared 14% within the final 24 hours to commerce at $0.03117 as of 02:08 a.m. EST on buying and selling quantity that dropped 2% to $2.3 billion.
This comes whilst the general crypto market cap plunged 4% to $3.6 trillion after the Federal Reserve turned extra cautious on reducing rates of interest.
Pudgy Penguins Worth Headed In the direction of A Continued Surge
The PENGU/USD chart shows excessive volatility, with a big spike in Pudgy Penguins worth adopted by a pointy correction. The PENGU worth skilled an enormous vertical pump to a peak close to $0.08, which was rapidly adopted by an equally sharp retracement, based on information from GeckoTerminal.
Following the preliminary correction, the value has entered a bullish flag sample, as marked by two parallel upward-sloping trendlines.
The Relative Power Index (RSI) is presently at 46.15, which is within the impartial zone. RSI beneath 50 signifies a slight bearish bias, however the total positioning stays impartial. The RSI’s decline from overbought ranges after the pump suggests the market has cooled down and is consolidating.
The flag suggests the potential of a continuation to the upside if key resistance ranges are damaged. PENGU is presently on a impartial to bullish pattern, with the potential for a breakout above $0.036, resulting in retests of upper ranges. A sustained pattern might push the Pudgy Penguins worth up in direction of the $0.043 resistance stage.
A breakdown beneath $0.032 might result in additional draw back, doubtlessly concentrating on the pre-pump ranges round $0.02.
In the meantime, buyers are piling into a brand new PEPE by-product known as Wall Road Pepe (WEPE), which crypto influencer ClayBro, with over 133k subscribers, predicts will make millionaires.
Wall Road Pepe Races Previous $31.2 Million In Presale
The Wall Road Pepe presale has surged previous $31.2 million in lower than two weeks, cementing its place as the most well liked meme coin challenge of 2024.
The challenge introduces a brand new coin designed to empower small merchants by offering unique market insights, buying and selling suggestions, and techniques. It seeks to stage the taking part in area, difficult the dominance of secretive whales.
Out right here making historical past. Feeling bullish.
pic.twitter.com/LlI8KkWfL7
— Wall Road Pepe (@WEPEToken) December 15, 2024
By holding the $WEPE token, buyers also can earn a 41% annual share yield (APY), offering a profitable passive earnings stream.
Traders can purchase $WEPE Token from the official web site for $0.0003649 utilizing ETH, USDT, or a financial institution card.
If you need to affix, purchase earlier than a worth hike in lower than 7 hours.
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