Pepe Price Soars 18% as This $38 Million Meme Coin ICO Heats Up!

Pepe’s price climbed 18% in the past 24 hours to trade at $0.00002112 as of 9:15 a.m. EST on trading volume that soared 179% to $3.79 billion.

Pepe’s surge began about nine hours before this article was written, with a slight increase from $0.000018 to $0.000019. However, the third largest coin by market capitalization quickly overcame this resistance as the last day of the year continued to unfold.

Less than three hours after the initial rise, PEPE reached another resistance at $0.000020, which proved a little more difficult to breach, but the token continued to trade sideways for the next few hours, until ‘until it eventually breaks the next barrier at $0.000021.

Although this resistance has not yet been officially broken, the token is trading slightly above it over the past hour. Moreover, its rise also managed to push the token to trade in the green over a 7-day period, marking a weekly rise of 12%.

Pepe Price Prediction

Pepe’s price is experiencing a sharp rise that has lasted for hours and shows no signs of stopping.

The project’s Bollinger Bands saw a strong widening as the price began to rise, suggesting a sharp increase in trader interest and activity. Price pushed the upper band higher than at any point in the last week, and although it suffered slight rejection from time to time, it never fell below the midline between the two bands since the start of the increase.

Instead, it exceeded the upper band boundary at times, suggesting that traders put heavy pressure on the price of the meme coin.

This is also reflected in the project’s Relative Strength Index (RSI) value, which has seen a sharp rise towards the overbought zone from below the neutral value of 50.

The RSI has dipped deep into the overbought zone several times since the rally began, even reaching the value of 80 on several occasions. Meanwhile, even when traders stepped in to take profits, the RSI would only dip slightly below the overbought zone before returning back above 70.

This indicates that traders stepped in to buy the dip as soon as an opportunity presented itself, showing extremely bullish sentiment as the year ended.

Of course, such a sharp and sudden rise will likely lead to a correction once the hype dies down, but for now, PEPE is performing extremely well and is on track to return to pre-crash price levels observed almost two weeks ago.

Promising alternative to Pepe

As the price of PEPE rises, many believe that the token has already reached its peak at the moment. Instead, they are heavily buying the newest alternative to Pepe, Wall Street Pepe (WEPE).

WEPE is a new meme coin that launched its ICO in early December and since then it has become the fastest growing presale of the year. In less than a month, it raised over $38.5 million, thanks to the success of Pepe Unchained, which previously held the title of largest ICO of the year before Wall Street Pepe.

The project aims to create an insider group for retail traders. The idea was born out of the project’s distaste for the way crypto whales stick to their own insider groups where they have access to the best tools, strategies and investment suggestions, none of which are shared with the “little guy” or an average retail investor.

To combat the dominance of whales in the crypto market, WEPE has created its own insider group where you can access the best signals, alpha trade calls, successful strategies and many other useful features that could revolutionize the how retail investors and traders interact with the market. crypto market. All you need to do to become a member of the growing WEPE army is buy WEPE tokens, and the best time to do so is now, while the project is still in ICO.

Pre-sales are pouring in. The candles are growing. $WEPE it doesn’t slow down. 🐸 ⚔️ pic.twitter.com/vqHonzkn1v

– Pépé de Wall Street (@WEPEToken) December 30, 2024

Given the massive demand WEPE has seen, many believe its price will skyrocket once the presale ends and the token goes live. Similar predictions have been made by leading crypto experts, including ClayBro, a YouTuber with over 134,000 subscribers, who said in a recent video that WEPE has at least 10x potential.

Visit the official WEPE website.

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