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As Pepe’s price surges, attention is also shifting to Wall Street Pepe as its presale hits the $50 million mark.
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Popular meme coin Pepe (PEPE) witnessed a 12% surge in the past 24 hours, pushing its price to $0.00002028. With a 24-hour trading volume exceeding $1.4 billion, the token is demonstrating significant market activity.
The rally comes as the overall crypto market gains momentum, with PEPE securing the 23rd spot by market cap, which now stands at $8.53 billion.
Meanwhile, the new frog meme coin Wall Street Pepe (WEPE) hit $50m in what looks to be one of this year’s hottest crypto presales.
PEPE’s next move
On the technical front, PEPE is trading above its 9-period Simple Moving Average (SMA) of $0.00001980 and its 9-period Exponential Moving Average (EMA) of $0.00002002. These levels signal short-term bullish momentum as the token continues its recovery from recent lows.
The Bollinger Bands indicate narrowing volatility, with the price testing the upper band of $0.00002020. This pattern suggests the potential for another breakout if the bullish sentiment persists.
Key support for $PEPE stands at $0.00001950, the mid-point of the Bollinger Bands. A drop below this level could see the token retrace toward $0.00001860, potentially reversing the recent upward trend.
On the upside, immediate resistance is at $0.00002060, the upper end of its 24-hour range. A breakout past this level could lead to testing the key psychological mark of $0.00002200.
Investor confidence in PEPE remains high, as indicated by its robust volume and sharp price movement. If the current bullish momentum holds, $PEPE could be poised for another leg up, but failure to maintain support levels could signal a short-term correction.
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Author: Guest Post
