$PEPE Faces Volatility — Can Bulls Push for a Strong Rally?
$PEPE Faces Volatility — Can Bulls Push for a Strong Rally?
$PEPE (PEPE/USDT) has experienced significant volatility in recent weeks. After a classic bull flag breakout, the price seemed poised for a sharp upward move. However, a subsequent sell-off brought the price back to test and confirm the bottom of the flag, resulting in a 49% retracement from the peak.
At the moment, the price is beginning to rise from the solid horizontal support level at $0.000017. If $PEPE can break free from the flag pattern, bulls should remain cautious of a potential head-and-shoulders reversal pattern forming. If this pattern can be avoided, the key target would be the all-time high of $0.000028.
PEPE/USDT) has experienced significant
$PEPE (PEPE/USDT) has experienced significant volatility in recent weeks. After a classic bull flag breakout, the price seemed poised for a sharp upward move. However, a subsequent sell-off brought the price back to test and confirm the bottom of the flag, resulting in a 49% retracement from the peak.
At the moment, the price is beginning to rise from the solid horizontal support level at $0.000017. If $PEPE can break free from the flag pattern, bulls should remain cautious of a potential head-and-shoulders reversal pattern forming. If this pattern can be avoided, the key target would be the all-time high of $0.000028.$PEPE
Did You Miss Out on Pepe’s 15,140% Surge? No Worry, Check Out the 5 Top Meme Coins for Immediate and Long Term Gains
You may have been one of those investors who did not notice Pepe until it reached the height of almost a 15,140% increase year-to-date. Do not worry as the meme coin frenzy is back again with many meme coins heading to the moon. From the evaluation of analysts, KangaMoon (KANG), Bonk (BONK), DogWifHat (WIF), Shiba Inu (SHIB), and Floki (FLOKI) are the best meme coins to invest in now and could be appropriate for both long and short term investors.
Among the next meme coins that will shoot to the moon is KangaMoon (KANG). In an era where it is becoming rare to find meme coins with real utilities, KangaMoon is backed by an actual utility, paving the way for its continued traction. KangaMoon creates a community of meme coins enthusiasts with its unique features of P2E gaming with a .
The newly launched PENGU token has stolen the spotlight after becoming
The newly launched PENGU token has stolen the spotlight after becoming the largest Solana-based memecoin by market capitalization. The token’s rally has gathered massive interest from large-scale investors, who have heavily invested in the token over the last few days. New Solana Token Steals The Spotlight On December 17, the Pudgy Penguins Non-Fungible Token (NFT) project launched its official token, PENGU, on the Solana Blockchain. The token has moved through the ranks, flipping other Solana-based tokens and gathering massive attention in nine days. Pudgy Penguins, one of the largest NFT collections, consists of 8,888 unique cartoons of cute penguins and has a market capitalization of 205,757 ETH. In anticipation of the token launch, the project surged as the second-largest NFT collection, only falling behind CryptoPunks. Since its launch three years ago, the project has seen its community significantly grow and “cemented itself in the hearts and minds of everyday people and culture,” according to the project’s team. Additionally, it is expected to contribute to the project’s governance despite not having a specific use case announced yet. As such, the newly launched cryptocurrency aims to “expand its community and further widen the reach” of the project by allowing old and new users “to align” themselves with the penguins. According to CoinGecko data, the Solana-based memecoin debuted with a 500% surge to a market capitalization of $3.5 billion but registered massive volatility in the following days. Just hours after launching, PENGU’s price retraced over 50% before descending to a $1.4 billion market cap on December 20. The token hovered between the $0.025-$0.037 range over a few days, stabilizing around the range’s upper zone on Christmas Eve. Whales Fill Their Bags As PENGU Flips BONK Amid the market’s momentary Christmas Day gains, the token broke above this range and climbed to the $0.042 mark on Thursday morning, hitting a $2.6 billion market cap. During this 18% rally, the token flipped dogwifhat (WIF) and BONK to become the largest Solana memecoin by market cap, currently holding its position as the sector’s leader. PENGU became the fourth largest memecoin by this metric, just behind Dogecoin, Shiba Inu, and PEPE. Additionally, in the last 24 hours, the token has seen a 25% increase in market activity, with a daily trading volume of $1.92 billion. According to on-chain data analysis firm Lookonchain, Crypto whales have also noticed PENGU’s rally, with several large-scale investors filling their bags over the past week. On December 24, a whale that had received an airdrop of 116.7 million PENGU, worth $3.52 million, increased its holding with a $1 million purchase. According to the post, the wallet spent 5,250 SOL to buy an additional 34.42 million PENGU, holding a total of 151.12 million PENGU, valued at $5.08 million. Similarly, another whale exchanged 500,000 ai16z, another trending Solana-based memecoin, today for PENGU. In the past eight days, this investor has spent $2.47 million to buy 79.9 million PENGU, having unrealized profits of around $835,000. As of this writing, PENGU is trading at $0.038, a 4.8% increase in the daily timeframe. Source: NewsBTC.com The post New Solana Memecoin Leader? PENGU Flips BONK Amid Whale Accumulation appeared first on Crypto Breaking News.$PENGU
If you missed out on Pepe's incredible 15,140% surge, don't worry, there are other meme coins worth considering. Here are five top meme coins that are making waves:
- *Dogecoin*: As the first and biggest meme coin, Dogecoin has demonstrated impressive staying power. With a market capitalization in the billions, it's a popular choice among investors ¹.
- *Dogwifhat*: This Solana-based meme coin exploded in popularity thanks to Solana's rise. With its humorous branding and minimalist approach, Dogwifhat is a favorite among meme coin enthusiasts ¹.
- *Bonk*: Airdropped for free to Solana users, Bonk has gained significant attention. With its focus on community involvement and decentralized finance, Bonk is an interesting option ¹.
- *Mog Coin*: As a "culture coin" with a devoted social media following, Mog Coin has carved out its own niche. With its unique branding and community-driven approach, Mog Coin is worth keeping an eye on ¹.
- *Shiba Inu*: With its budding ecosystem and impressive market capitalization, Shiba Inu is a notable player in the meme coin space. Its focus on utility and decentralized finance sets it apart from other meme coins ¹.
Remember, investing in meme coins is highly speculative and comes with significant risks. Always do your own research and consider your own risk tolerance before investing.