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The Pudgy Penguins value soared 14% within the final 24 hours to commerce at $0.03117 as of 02:08 a.m. EST on buying and selling quantity that dropped 2% to $2.3 billion.
This comes whilst the general crypto market cap plunged 4% to $3.6 trillion after the Federal Reserve turned extra cautious on reducing rates of interest.
Pudgy Penguins Worth Headed In the direction of A Continued Surge
The PENGU/USD chart shows excessive volatility, with a major spike in Pudgy Penguins value adopted by a pointy correction. The PENGU value skilled an enormous vertical pump to a peak close to $0.08, which was shortly adopted by an equally sharp retracement, in line with knowledge from GeckoTerminal.
Following the preliminary correction, the worth has entered a bullish flag sample, as marked by two parallel upward-sloping trendlines.
The Relative Energy Index (RSI) is presently at 46.15, which is within the impartial zone. RSI under 50 signifies a slight bearish bias, however the general positioning stays impartial. The RSI’s decline from overbought ranges after the pump suggests the market has cooled down and is consolidating.
The flag suggests the opportunity of a continuation to the upside if key resistance ranges are damaged. PENGU is presently on a impartial to bullish pattern, with the potential for a breakout above $0.036, resulting in retests of upper ranges. A sustained pattern might push the Pudgy Penguins value up in the direction of the $0.043 resistance degree.
A breakdown under $0.032 might result in additional draw back, doubtlessly focusing on the pre-pump ranges round $0.02.
In the meantime, traders are piling into a brand new PEPE by-product referred to as Wall Street Pepe (WEPE), which crypto influencer ClayBro, with over 133k subscribers, predicts will make millionaires.
Wall Avenue Pepe Races Previous $31.2 Million In Presale
The Wall Avenue Pepe presale has surged previous $31.2 million in lower than two weeks, cementing its place as the most popular meme coin undertaking of 2024.
The undertaking introduces a brand new coin designed to empower small merchants by offering unique market insights, buying and selling ideas, and methods. It seeks to degree the taking part in area, difficult the dominance of secretive whales.
Out right here making historical past. Feeling bullish. 🐸 ⚔️ pic.twitter.com/LlI8KkWfL7
— Wall Avenue Pepe (@WEPEToken) December 15, 2024
By holding the $WEPE token, traders may earn a 41% annual share yield (APY), offering a profitable passive revenue stream.
Traders can buy $WEPE Token from the official website for $0.0003649 utilizing ETH, USDT, or a financial institution card.
If you need to affix, purchase earlier than a value hike in lower than 7 hours.
Associated Information
Latest Meme Coin ICO – Wall Avenue Pepe
- Audited By Coinsult
- Early Entry Presale Spherical
- Personal Buying and selling Alpha For $WEPE Military
- Staking Pool – Excessive Dynamic APY
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