Mad Price soars 12% as WEPE raises $5.5 million in just 24 hours

Mad price jumped over 12% in the past 24 hours to trade at $0.00005765 as of 10:04 p.m. EST, as traders go long the meme coin.

With this recent rise in MAD price, the crypto’s weekly performance has been pushed deeper into the green zone. As a result, the meme coin has risen by over 47% in the last 7 days.

Mad Price rebounds thanks to key support

4-hour chart for MAD/USD (Source: GeckoTerminal)

Mad price rebounded from the $0.00004816 support level over the past 24 hours and is now slowly starting to rise towards the technical barrier at $0.00006381, according to data from GeckoTerminal. If it breaks above this resistance level in the next 24 hours, Mad price could continue to rise.

However, a rejection of the $0.00006381 barrier could lead to a retest of the $0.00004816 bar. Loss of this support could then be followed by a fall to the next key price level at $0.00003251. An extremely bearish scenario could see MAD break it down to $0.00002017.

Technical Data Suggests Bulls Could Drive Crazy Price Up

Looking at the technical indicators on the 4-hour chart of MAD, some signs suggest that coins the price may continue to rise over the next trading day. Specifically, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are starting to turn bullish.

A major technical flag is about to be triggered by the MACD indicator, with the MACD rising towards the MACD signal line. If the gap between the two technical indicators continues to narrow, a bullish crossover could soon ensue. This could signal that Mad price has entered a positive trend.

RSI readings have also risen sharply over the past few hours, which is often interpreted as an indication of growing buyer strength. With the positive slope of the RSI line, it appears that the bulls are still accumulating strength against their bearish counterparts.

If these technical signs influence traders’ decision-making in the coming hours, Mad price may soon attempt to tip the $0.00006381 resistance level into support.

As MAD price attempts to maintain its uptrend, investors are flocking to the pre-sale of its rival Meme Coin. Wall Street Pepe (WEPE) for the parabolic potential.

Empowering Traders with Exclusive Insights and Alpha Calls

Wall Street Pepe (WEPE) aims to enable crypto traders to trade like a pro. Until now, the cryptocurrency trading scene has been dominated by whales. Wall Street Pepe, with its rapidly growing WEPE army of degenerate traders who offer exclusive market insights and alpha trade ideas, aims to reduce the influence of whales in the market.

Anyone can become part of the WEPE army by simply purchasing the project’s native WEPE token. Once purchased, investors will unlock access to signals that will allow them to compete against the whales.

The WEPE token currently sells for $0.0003633 and can be purchased with cryptocurrency or bank card via the simple in-app purchase widget on the project’s website. Once purchased, WEPE tokens can also be staked for a 72% APY currently offered to buyers.

With all the bullish predictions being made on WEPE by several top crypto experts, now may be the best time to grow a bag of WEPE tokens. Recently, prominent YouTuber Austin Hilton told his 295,000 subscribers that WEPE had the potential to “revolutionize the crypto space.”

Several investors are also speculating that WEPE could be the next Pepe Unchained (PEPU), a token that has raised over $73 million in presales and posted several all-time highs over the past few days.

WEPE Token Presale Raises Over $5.5M in 24 Hours

Investors are betting big on the future of WEPE, as evidenced by the over $5.5 million that the meme coin managed to raise in the last 24 hours. With this influx of capital yesterday, Wall Street Pepe’s total raise in just over a week stands at over $11.9 million. The project is also performing better than PEPU during the early stages of its ICO.

Bags packed. The skin is radiant. The vibrations are impeccable. 🐸 ⚔️ pic.twitter.com/nsChKeY09o

– Pépé de Wall Street (@WEPEToken) December 10, 2024

There is still time for investors to acquire WEPE tokens during the project presale. Buyers will want to act quickly, however, as the crypto’s price is expected to increase with each subsequent stage of its ICO. The next high price will take effect in the next 4 days.

Buy WEPE tokens here.

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