PepeCoin Price Soars 29% As This Rival Raises $6.7M In Presale

The PepeCoin worth surged over 29% within the final 24 hours to commerce at $4.45 as of 6:23 a.m. EST as traders FOMO purchase into the meme coin.

With this latest surge, the PEPECOIN worth was in a position to erase its weekly losses and push its efficiency within the final 7 days again into the inexperienced.

PepeCoin Value Overcomes A Main Resistance

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

The PepeCoin worth managed to interrupt above the resistance stage at $3.9682, which is a mark the meme coin dropped under on Dec. 7 and continued to commerce below up till now. Ought to the crypto shut a 4-hour candle above this worth level inside the subsequent 8 hours, it might have the technical basis wanted to maintain rising.

Merchants may then attempt to push the PepeCoin worth to above the subsequent resistance stage at $4.2091. In a particularly bullish case, PEPECOIN might even rise to as excessive as $4.4499 within the quick time period.

Alternatively, the PepeCoin worth failing to shut a 4-hour candle increased than $3.9682 inside the subsequent 8 hours might invalidate the bullish thesis. Merchants may find yourself realizing their earnings from the meme coin’s latest rally on this various situation. 

This potential promote stress may result in the PepeCoin worth falling to the $3.7274 assist stage, which is confluent with the decrease boundary of an ascending worth channel that has emerged on PEPECOIN’s 4-hour chart. Falling below this stage may then end result within the meme coin dropping to $3.4761 within the following 24 hours.

Bulls Nonetheless Appear To Be In Full Management Of The PepeCoin Value

From a technical perspective, bulls nonetheless appear to be nicely in command of the PepeCoin worth on the 4-hour chart. Each the Relative Energy Index (RSI) and Transferring Common Convergence Divergence (MACD) level to a continued enhance within the meme coin’s worth by way of the course of the subsequent buying and selling day.

RSI readings have surged to above 70 in the previous few hours, signaling a number of bullish power. Though a excessive RSI studying is commonly seen as a promote sign and signifies an asset is overbought, it’s not uncommon for the indicator’s readings to stay this excessive for sustained intervals of time throughout a pump. The constructive slope of the RSI line suggests this can be the case now.

A significant bullish technical flag was additionally triggered by the MACD indicator on the 4-hour chart within the final 24 hours, with the MACD line crossing above the MACD Sign line throughout this era. Because the two strains intersected, the hole between them has began to develop. This might point out that PEPECOIN’s bullish momentum reveals no indicators of slowing down simply but.

PEPECOIN has robust momentum behind it and the identical might be stated for the Wall Road Pepe (WEPE) presale, which has raised greater than $2 million in simply the previous day.

A New PEPE On The Block Wanting To Empower Merchants

Wall Road Pepe (WEPE) is a brand new Pepe spinoff that’s seeking to climb the crypto ranks and make a reputation for itself within the booming meme coin house.

To perform this, the mission is constructing a WEPE Military of like-minded degen merchants to tackle crypto whales, who’ve dominated the crypto buying and selling scene up till now.

By becoming a member of the rapidly-growing WEPE Military, traders and merchants will acquire entry to unique market insights and alpha indicators that can allow them to commerce like a professional. Anybody that desires to change into a member wants to easily purchase WEPE tokens. 

Traders will need to add WEPE tokens to their portfolios, as a result of many crypto specialists have stepped ahead to share their bullish predictions for the brand new PEPE spinoff.

Amongst them is YouTuber ClayBro, who instructed his over 133K subscribers that WEPE might mint the subsequent wave of crypto millionaires.

Traders received’t even have to attend for a possible surge in WEPE’s worth to begin seeing good points as a result of there’s a gorgeous staking alternative at present on provide. Anybody who buys and stakes WEPE now will unlock a 94% APY.

Traders Wager Large On WEPE’s Future

Wall Road Pepe is pulling traders in at a speedy tempo by way of its ongoing presale, with greater than $6.7 million raised inside simply over every week after it went reside. Given its meme coin enchantment and the bullish predictions by specialists, it’s simple to see why a shopping for frenzy has erupted round WEPE.

Baggage packed. Pores and skin’s glowing. Vibes are immaculate. 🐸 ⚔️ pic.twitter.com/nsChKeY09o

— Wall Road Pepe (@WEPEToken) December 10, 2024

Some traders are additionally calling WEPE the subsequent Pepe Unchained (PEPU), which is a token that soared to a brand new all time excessive within the final 24 hours and managed to lift over $73 million by way of its ICO.

At present promoting for $0.000212, WEPE tokens might be purchased with each crypto and financial institution card.

Buy WEPE tokens right here.

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