Christmas seems to have come early for Bitcoin and Ethereum bears, as both leading crypto assets have dipped over the last several days. BTC has fallen by almost -13% since December 17, while ETH has dropped by a similar amount at approximately -15%.
Both meme coins have seen strong rises on the daily charts, while another new token called Wall Street Pepe is turning heads having just hit the $35 million mark in its ongoing presale.Building on the incredible global success of the Pudgy Penguins NFT collection , the PENGU token has been subject to some controversy.
As we’ll see in the price chart below, the key resistance level for PENGU is approximately double the token’s current price: Symmetrical triangle chart patterns are usually considered ambiguous rather than bullish – but in this instance, we can see a recent deviation below the green diagonal support line. This indicates a bullish resurgence, which catapulted the price into its biggest pump since late November.Since that deviation point, the SPX6900 price has remained volatile, undergoing yet another dip, followed by another pump.
This unique new meme coin project will give token holders access to special trading insights, strategies, and alpha calls that could increase their chances of making better investment and trading decisions.