There is never a dull moment in the world of cryptocurrencies, especially when it comes to cryptocurrencies. After yesterday’s market decline, DOGE is down -10% and PEPE is down -11% in the past 24 hours.
This activity is truly shaking up the markets, generating $5.9 billion in trading volume for Dogecoin and nearly $2 billion for Pepe. Sentiment is bearish, at least in the short term, as markets digest the latest moves and traders try to figure out where things will go next.
However, it’s not all doom and gloom for meme fans, as two major ICOs continue to show upward momentum.
Meme, DOGE and PEPE coin market stalls are a hit
The meme market is largely driven by society’s emotions and beliefs, so when uncertainty strikes, emotions can quickly take over. During bearish conditions, many traders and investors are quick to panic, resulting in declines that bulls look to immediately capitalize on.
Looking at the daily price chart of Dogecoin, we can see this story already playing out:
From the double bottom above the confluence of support lines, and the pump that quickly lost momentum and led to yesterday’s decline, it is clear that DOGE holders are torn about where the price of this leading meme coin is headed.
Dogecoin price action is very similar to what it was one year ago. In November 2023, $dawg It traded up, then down and then consolidated before a big move higher in 2024. In November 2024, the Doge traded up, then down and is now consolidating. Next is a big step up to 2025. pic.twitter.com/QvMPxh7Bbw
-Chris Bax (@ChrisBax) January 8, 2025
However, we should note that the meeting of two support lines (one horizontal around $0.29, and the diagonal line forming an ascending triangle) remains here. This means that despite yesterday’s decline, DOGE still has a lot of strength left. The bulls will be looking to push DOGE to $0.485 and beyond, and they have a good chance of achieving that target right now.
As for Pepe, a completely different scenario is emerging, but he still has an upside angle remaining:
PEPE has shown much greater weakness than DOGE, which makes it appropriate to analyze this chart with a greater focus on the downside of things. By forming a descending triangle pattern, PEPE challenges bulls to hold the asset’s key support level at $0.00001655.
If they succeed, PEPE bulls could have a chance to break the red resistance line of the descending triangle. This will ignite a new pump, with a target of $0.00002833.
The first days of $baby Versus the first days of $SHIB pic.twitter.com/wpDsewVaoR
– Chandler⚡️ (@ChandlerCharts) January 7, 2025
Together, DOGE and PEPE show just how divided coin market sentiment is right now.
This saga looks set to continue into February and March – so for now, investors looking for a little more certainty should check out a pair of tokens that are making waves with market-beating initial coin offerings (ICOs).
Many former DOGE and PEPE holders are now rolling their profits into these currencies, and this trend will continue for the foreseeable future.
Wall Street Pepe ICO Raises $44 Million in One of Fastest-Growing Meme Cryptocurrency Presale
During turbulent times, the confidence of even the most experienced cryptocurrency traders and investors can be shaken. Wall Street Pepe ($WEPE) is the perfect solution to this, as token holders join forces under the name WEPE Army.
Through the Wall Street PEPE project and community, WEPE holders will gain unparalleled access to the best alpha calls, trading insights, and market-beating strategies. This will give them the best possible chances of outperforming even the top Wall Street veterans, market makers, and crypto whales – who have so far set the ultimate course for the markets.
The WEPE pre-sale has now raised over $44 million, with the token price at $0.00036644 and an APY of 29% available to early investors who want to generate passive income.
Now that toad coins like Pepe Unchained and the original Pepe have proven the power of the “toad coin” narrative, Wall Street Pepe and its ever-growing army of investors seem perfectly positioned to pump it up.
Visit Wall Street Baby Press
The Flockerz ICO is close to raising $10 million with 14 days left to enter
Very few meme projects have real long-term viability – but the utility of the new token Flockerz (FLOCK) has seen it accelerate to nearly $10 million in ongoing presale.
The Flockerz community (also known as “The Flock”) will gather inside a DAO called FlockTopia, where they can use their FLOCK tokens to decide how the project develops through a unique voting mechanism. Known as “Vote to Earn” (or “V2E”), this system rewards FlockTopia voters with more FLOCK tokens, giving a louder voice to the most engaged participants and driving a passionately active community.
Thanks to high-flying tokens like PENGU, bird-themed meme coins are starting to differentiate themselves and attract major investors, including whales. FLOCK is certainly benefiting from this combo, and pre-sale investors are also enjoying the additional gains provided by the project’s staking protocol – which has a 297% APY.
In just 13 days, the Flockerz ICO will end, and the token’s current discounted price of $0.0066351 will be a distant memory.
Visit Flockerz Presale
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Source: https://cryptopotato.com/dogecoin-pepe-slide-as-meme-coin-prices-dip-some-traders-rotate-into-wepe-flock-icos/