Fartcoin Price Plunges 17% As This Pepe 2.0 ICO Raises $45M

The Fartcoin price plunged 17% in the last 24 hours to trade at $0.8759 as of 10:02 p.m. EST as investors offload their holdings in the meme coin on the market.

This drop in the FARTCOIN price is a continuation of the crypto’s negative movement in the last week. Following the latest correction, the altcoin is now over 32% in the red on the 7-day time frame.

Fartcoin Price Trying To Reverse Its Negative Trend

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

The Fartcoin price has been in a negative trend over the last few days, printing multiple lower lows and lower highs during this period. Recently, however, the meme coin rebounded from the $0.7180 support level and is attempting to break above the $0.8896 resistance. Should the crypto manage to overcome this mark, it might be able to reverse its bearish trend.

Clearing the $0.8896 barrier could give the Fartcoin price the room needed to rise to the next major mark at $1.0243. If the bullish pressure persists, the meme coin might even flip this resistance into support and potentially rise to as high as $1.1714 in the short term.

This bullish thesis will be invalidated if the Fartcoin price is rejected by the $0.8896 barrier in the coming 12 hours. In this alternative case, the crypto could risk retesting the aforementioned $0.7180 support and potentially continue the negative trend seen over the last couple of days.

Technicals Suggest The Fartcoin Price Might Start To Rise

From a technical perspective, indicators on the 4-hour chart suggest the Fartcoin price might start to rise through the course of the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bullish.

In recent hours, RSI readings have started to rise. This could suggest growing buyer strength. Traders might want to wait for the RSI to break above the 50 neutral mark before deciding to enter into a long position, as this might indicate that FARTCOIN has broken out of its lower lows and lower highs trend.

It also seems the Fartcoin price is building bullish momentum, as evidenced by the MACD line that is rising toward the MACD Signal line. If this gap keeps shrinking, a bullish crossover might ensue, which could indicate that FARTCOIN has entered into a new positive cycle.

As FARTCOIN tries to break its negative trend, the presale for a new Pepe derivative by the name of Wall Street Pepe (WEPE) has soared past $45.1 million as a buying frenzy erupts around the token. 

Fueling this activity around the frog-themed crypto are bullish predictions made by crypto experts. Among them is crypto analyst and YouTuber ClayBro, who told his more than 133K subscribers that early WEPE token investors could become millionaires once the project launches.

A Meme Coin That Will Soon Become Retail Traders’ Best Friend

Wall Street Pepe is a new meme coin project that aims to empower smaller retail traders with exclusive market insights and alpha trade calls. Up until now, the crypto trading scene has been overrun by whales, who share their next moves in secretive groups and often make trades that negatively impact smaller traders. 

Wall Street Pepe will flip the script with its rapidly-growing WEPE Army of degen traders and analysts who are fed up with whales’ dominance in the market. By following the signals and strategies shared within the WEPE Army, anybody will be able to trade like a pro.

Becoming a member of this group is easy, and only requires that interest parties purchase WEPE. Each token is currently selling for $0.00036645, and can be bought with either crypto or bank card. Once purchased, holders just need to wait for the next trade opportunity to present itself in the market and to be flagged by members of the WEPE Army.

Call me Picasso of the portfolio. 🐸 ⚔️ pic.twitter.com/ghrwdzwFZ5

— Wall Street Pepe (@WEPEToken) January 9, 2025

While WEPE holders wait for the next signal to come in, they can put their tokens to work for attractive passive crypto rewards. Anyone who buys and stakes the meme coin now will unlock access to a 28% APY.

WEPE’s Strong ICO Performance Outpaces That Of Pepe Unchained

Wall Street Pepe is among the best-performing presales in recent months, with its more than $45.1 million raise. Last year, the title of the hottest ICO went to predecessor and fellow frog-themed meme coin Pepe Unchained (PEPU).

With the bullish predictions from experts like ClayBro, its mission to empower retail traders and the attractive staking initiative on offer to early buyers, it is easy to see why Wall Street Pepe has performed so well during this early stage. The project is already outpacing Pepe Unchained’s ICO in terms of funds raised in the same amount of time.

Interested investors should buy before a price hike in less than 36 hours.

Purchase WEPE tokens here.

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