Mad Price Soars 12% As WEPE Raises $5.5M In Just 24 Hours

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

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

Mad Price Rebounds Off Of Key Support

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

The Mad price rebounded from the $0.00004816 support level in the last 24 hours and is now slowly starting to rise toward the technical barrier at $0.00006381, according to data from GeckoTerminal. Should it break above this resistance level in the next 24 hours, the Mad price might continue rising.

However, a rejection from the $0.00006381 barrier could lead to a retest of the $0.00004816 mark. Losing this support might then be followed by a plunge to the next key price level at $0.00003251. An extremely bearish scenario could see MAD break down all the way to $0.00002017.

Technicals Suggest Bulls Might Push The Mad Price Up Higher

Looking at technical indicators on MAD’s 4-hour chart, there are signs that suggest the meme coin’s price might keep climbing over the course of the next trading day. More specifically, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are starting to flash bullish.

A major technical flag is on the verge of being triggered by the MACD indicator, with the MACD rising toward the MACD Signal line. If the gap between the two technical indicators continues to narrow, a bullish crossover might soon ensue. This could signal that the Mad price has entered a positive trend.

RSI readings have risen sharply in the last few hours as well, which is often interpreted as an indication of growing buyer strength. With the positive slope of the RSI line, it seems bulls are still accumulating strength against their bearish counterparts. 

If these technical signs influence traders’ decision making in the next few hours, the Mad price might soon try to flip the $0.00006381 resistance level into support.

While the MAD price tries to keep its bullish move going, investors are flocking to the presale for meme coin rival Wall Street Pepe (WEPE) for parabolic potential.

Empowering Traders Through Exclusive Insights And Alpha Calls

Wall Street Pepe (WEPE) aims to empower crypto traders to trade like a pro. Up until now, the crypto trading scene has been dominated by whales. Wall Street Pepe, with its rapidly-growing WEPE Army of degen traders who offer exclusive market insights and alpha trade ideas, aims to reduce whales’ influence in the market.

Anyone can become a part of the WEPE Army by simply purchasing the project’s native WEPE token. Once bought, investors will unlock access to signals that will enable them to take on whales.

The WEPE token is currently selling for $0.0003633 and can be bought with either crypto or bank card via the simple buy widget embedded on the project’s website. Once bought, the WEPE tokens can also be staked for a 72% APY currently on offer to buyers.

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

Several investors are also speculating that WEPE could be the next Pepe Unchained (PEPU), which is a token that raised over $73 million in presale and has gone on to record multiple all-time highs in the last few days.

WEPE Token Presale Raises Over $5.5 Million In 24 Hours

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

Bags packed. Skin’s glowing. Vibes are immaculate. 🐸 ⚔️ pic.twitter.com/nsChKeY09o

— Wall Street Pepe (@WEPEToken) December 10, 2024

There’s still time left for investors to acquire WEPE tokens during the project’s presale. Buyers will want to act fast, however, because the crypto’s price is scheduled to increase with each subsequent stage of its ICO. The next price high will come into effect within the next 4 days.

Purchase WEPE tokens here.

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