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The Pepe price surged 130% in the last month despite plunging 3% in the last 24 hours to trade at $0.00002157 as of 11:16 p.m. EST on trading volume that tumbled 22% to $4.7 billion.
Pepe Price Aims For A Breakout
The PEPE/USD chart shows a period of consolidation following a significant rally that occurred in early to mid-November. After the sharp upward move, the Pepe price entered a horizontal range between $0.00002250 (resistance) and $0.00001908 (support), according to GeckoTerminal data. This type of price action is indicative of accumulation or distribution.
Recently, the price has been testing the upper boundary of the range, hinting at a possible breakout if buying pressure continues.
Meanwhile, the Pepe price still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the continued surge in recent days.
The Relative Strength Index (RSI) is currently at 55, which is slightly above the midpoint (50), showing neither overbought nor oversold conditions. It indicates the price is in a balanced phase, with the potential for either a breakout or continuation within the range.
The blue Moving Average Convergence Divergence (MACD) line is slightly crossing above the orange signal line, which shows that the price of Pepe may be gearing up towards a positive trajectory.
If the price breaks above $0.00002250 with strong volume, it could retest recent highs near $0.00002500, as the bulls target long term targets of around $0.000030.
However, if the price falls below $0.0000190, it could target lower levels, around $0.00001500 or the previous accumulation zone at $0.00001219.
As the Pepe price aims for a breakout, investors are also buying up a new Pepe alternative called Wall Street Pepe (WEPE), which Cryptonews, a popular crypto channel with over 13k subscribers, says could be the next massive degen play.
Wall Street Pepe Raises Over $1.2 Million In Just Three Days
Wall Street Pepe is a project that puts a fresh spin on the beloved Pepe meme, reimagining the iconic frog dressed in a sleek suit and weaving a story aimed at engaging memecoin fans.
In this narrative, Wall Street Pepe becomes disheartened by the exclusivity of wealthy investor groups reaping profits in isolation.
Determined to change the game, he created his own community—known as the WEPE Token Army—where investors collaborate to uncover promising projects, invest collectively, and aim for substantial profits.
If you ain’t evolving, you dissolving! 🐸 pic.twitter.com/c4JdU4P1MY
— Wall Street Pepe (@WEPEToken) November 13, 2024
The project provides holders with exclusive trading insights, strategies, and alpha calls to help them navigate the market effectively.
Just three days after its launch, the project has already raised over $1.2 million in early funding as it rapidly gains traction in the crypto space.
$WEPE Token also offers a passive income opportunity through its staking feature, delivering a dazzling 469% annual percentage yield (APY).
You can buy $WEPE Token from the official website here for $0.000203 using ETH, USDT, or a bank card.
Buy now before a price increase in less than three days to lock in the best deal.
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