PepeCoin Price Prediction: PEPECOIN Skyrockets 29% As This New PEPE Derivative Presale Races Past $6.7M In Just Over 1 Week
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The PepeCoin price surged over 29% in the last 24 hours to trade at $4.45 as of 6:23 a.m. EST as investors FOMO buy into the meme coin.
With this recent surge, the PEPECOIN price was able to erase its weekly losses and push its performance in the last 7 days back into the green.
PepeCoin Price Overcomes A Major Resistance
4-hour chart for PEPE/USD (Source: GeckoTerminal)
The PepeCoin price managed to break above the resistance level at $3.9682, which is a mark the meme coin dropped below on Dec. 7 and continued to trade under up until now. Should the crypto close a 4-hour candle above this price point within the next 8 hours, it could have the technical foundation needed to keep rising.
Traders might then try to push the PepeCoin price to above the next resistance level at $4.2091. In an extremely bullish case, PEPECOIN could even rise to as high as $4.4499 in the short term.
On the other hand, the PepeCoin price failing to close a 4-hour candle higher than $3.9682 within the next 8 hours could invalidate the bullish thesis. Traders might end up realizing their profits from the meme coin’s recent rally in this alternative scenario.
This potential sell pressure might lead to the PepeCoin price falling to the $3.7274 support level, which is confluent with the lower boundary of an ascending price channel that has emerged on PEPECOIN’s 4-hour chart. Falling under this level might then result in the meme coin dropping to $3.4761 in the following 24 hours.
Bulls Still Seem To Be In Complete Control Of The PepeCoin Price
From a technical perspective, bulls still seem to be well in control of the PepeCoin price on the 4-hour chart. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) point to a continued increase in the meme coin’s price through the course of the next trading day.
RSI readings have surged to above 70 in the last few hours, signaling a lot of bullish strength. Although a high RSI reading is often seen as a sell signal and indicates an asset is overbought, it is not unusual for the indicator’s readings to remain this high for sustained periods of time during a pump. The positive slope of the RSI line suggests this may be the case now.
A major bullish technical flag was also triggered by the MACD indicator on the 4-hour chart in the last 24 hours, with the MACD line crossing above the MACD Signal line during this period. Since the two lines intersected, the gap between them has started to grow. This could indicate that PEPECOIN’s bullish momentum shows no signs of slowing down just yet.
PEPECOIN has strong momentum behind it and the same can be said for the Wall Street Pepe (WEPE) presale, which has raised more than $2 million in just the past day.
A New PEPE On The Block Looking To Empower Traders
Wall Street Pepe (WEPE) is a new Pepe derivative that is looking to climb the crypto ranks and make a name for itself in the booming meme coin space.
To accomplish this, the project is building a WEPE Army of like-minded degen traders to take on crypto whales, who have dominated the crypto trading scene up until now.
By joining the rapidly-growing WEPE Army, investors and traders will gain access to exclusive market insights and alpha signals that will enable them to trade like a pro. Anyone that wants to become a member needs to simply buy WEPE tokens.
Investors will want to add WEPE tokens to their portfolios, because many crypto experts have stepped forward to share their bullish predictions for the new PEPE spinoff.
Among them is YouTuber ClayBro, who told his over 133K subscribers that WEPE could mint the next wave of crypto millionaires.
Investors won’t even have to wait for a potential surge in WEPE’s price to start seeing gains because there is an attractive staking opportunity currently on offer. Anyone who buys and stakes WEPE now will unlock a 94% APY.
Investors Bet Big On WEPE’s Future
Wall Street Pepe is pulling investors in at a rapid pace through its ongoing presale, with more than $6.7 million raised within just over a week after it went live. Given its meme coin appeal and the bullish predictions by experts, it’s easy to see why a buying frenzy has erupted around WEPE.
Bags packed. Skin's glowing. Vibes are immaculate. 🐸 ⚔️ pic.twitter.com/nsChKeY09o
— Wall Street Pepe (@WEPEToken) December 10, 2024
Some investors are also calling WEPE the next Pepe Unchained (PEPU), which is a token that soared to a new all time high in the last 24 hours and managed to raise over $73 million through its ICO.
Currently selling for $0.000212, WEPE tokens can be bought with both crypto and bank card.
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