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Pepe (PEPE) is up nearly 15% over the past day after an expected rebound from its $0.0000062 support level.
It’s trading at around $0.0000079 at the time of writing and continued its expected uptrend after breaking out of a bullish pattern on the daily chart.
As the market sentiment turns bullish, many traders looking for the next big meme coin are now turning to a brand-new token called WienerAI. It has already raised over $870K in its recently launched presale.
PEPE rallies 15% after breaking out of bullish pattern
PEPE is currently the third largest meme coin by market cap, trailing behind Dogecoina and Shiba Inu.
The meme token’s growth has been massive, especially over the past 3 months. TradingView data showed that PEPE saw an over 792% gain since 5 February.
This rally helped the token reach its ATH on 14 March at nearly $0.0000108. Soon after, the coin saw a rather short-lived downtrend and found support at the $0.0000049 level.
PEPE found a strong rebound from this level and saw high investor enthusiasm after Coinbase announced that it listed PEPE’s perpetual contracts in April.
In the meantime, the meme coin formed a classic bullish-flag pattern on its daily chart. Such a pattern often indicates the possibility of a breakout amid a strong bullish edge.
Popular crypto trader Max Schwartzman recently analyzed PEPE’s price action and believed the meme token was on a mission to the moon.
This expected breakout set the stage for PEPE’s 15% rally over the past day, as the price rebounded from the upper base of the pattern.
IntoTheBlock’s data reaffirmed the bullish edge and showed that 75% of the PEPE holders were in profit at press time.
On analyzing PEPE’s futures market data, data from Coinglass showed a massive 32% surge in Open Interest (OI) over the past day.
The 15% surge over the past day, alongside the rise in OI, showed high trader confidence toward PEPE’s future. Nonetheless, it’s worth noting that the trading volumes grew by only 6.5% during this time.
PEPE was trading at nearly 26% below its ATH at the time of writing. As the sentiment toward meme coins turned bullish, a trending new meme token catching investor attention is WienerAI.
Traders think WienerAI could explode next
Many investors are also looking at the booming AI space alongside meme coins. WienerAI (WAI) is one such meme token that combines the potential of meme coins with AI.
The project’s mascot is a robot dog with AI named WienerAI. The story is about a mad scientist called “The Architect” who created WienerAI in the year 2132.
Early buyers can buy WAI for just $0.000703 at the time of writing. However, this price will rise in the next round, which starts in 2 days.
The platform has a highly rewarding staking mechanism for presale investors. It offers a staking APY of over 1,000% at press time.
With over 980 million tokens already staked, it’s quite evident that investors are placing their trust in the project.
Per the WienerAI whitepaper, it has a supply cap of 69 billion tokens. 30% of these tokens are available in the presale phase for buyers to grab at low prices.
Adding to the excitement, many crypto analysts are enthusiastic about this meme token. In a recent YouTube video, popular crypto analyst Jacob Bury highlighted how Wiener could give 100x gains for early buyers.
Jacob pointed out how early buyers can take advantage of the WienerAI’s high staking APY before it decreases.
To learn more about this project, visit the WienerAI presale website or join the community via Telegram | Twitter
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