Wall Street Pepe Upside Retracement Continues - learn2trade
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Wall Street Pepe Price Prediction for June 17: WEPE Upside Retracement Continues

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Azeez Mustapha

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The Wall Street Pepe market has been able to sustain its bullish momentum for a while. Consequently, the token has breached multiple resistance levels. Also, the market still has the technical foundation to continue its upward retracement.

Wall Street Pepe: June 17 Overview

WEPE Value: $0.00008207

Market Capitalization: $14.63M

Circulating Supply: 200B

Total Supply: 200B

CoinMarketCap Ranking: 3360

Key Price Levels:

Resistance: $0.0001000, $0.0001200, $0.0001400

Support: $0.00008000, $0.00006000, $0.00004000

Wall Street Pepe Price Prediction for June 17: WEPE Upside Retracement Continues

Wall Street Pepe Remains Favorably Positioned

As noted earlier, the WEPE market has maintained a bullish trajectory for a considerable period. The ongoing session has presented a slight pullback. Nevertheless, price action remains above the 9-day Exponential Moving Average (EMA) line.

Additionally, the Moving Average Convergence Divergence (MACD) indicator line remains above the equilibrium level. The histogram bars also appear solid green, indicating that the market still possesses strong bullish momentum. This suggests that the market may be able to shrug off the current downward rejection.

Wall Street Pepe Price Prediction for June 17: WEPE Upside Retracement Continues

WEPE Finds Strong Support

On the hourly chart, the Wall Street Pepe market has landed precisely on the $0.00008200 price level, as indicated by the most recent price candle. However, the appearance of this candle suggests that buying forces are already acting to keep the market above this level. Furthermore, price action stands above the 9-day EMA, which is a positive technical signal.

The MACD lines also remain above the equilibrium level with an upward trajectory. Although the latest MACD histogram bar appears pale, it is still above the equilibrium level, indicating continued upward momentum. Therefore, targeting the $0.00008500 or $0.00009000 price levels could be a reasonable expectation. It is worth noting that the price of the WEPE token has increased by 225.70% over the past 17 days.

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