Pepe price pumps 15%; Traders tip WienerAI memecoin to explode

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Pepe (PEPE) Surges 15% After Breaking Out of Bullish Pattern

Pepe (PEPE) has rallied nearly 15% over the past day, following an anticipated rebound from its support level of $0.0000062. At the time of writing, it is trading around $0.0000079, continuing its predicted uptrend after breaking out of a bullish pattern on the daily chart.

As the market sentiment shifts towards bullish, many traders seeking the next prominent meme coin are now considering WienerAI, a newly launched token that has already raised over $870K in its recent presale.

PEPE Rallies 15% After Breaking Out of Bullish Pattern

Trailing behind Dogecoin and Shiba Inu in terms of market capitalization, PEPE is currently the third largest meme coin. The meme token has experienced remarkable growth, particularly in the past three months. TradingView data reveals that PEPE has witnessed an over 792% gain since February 5th.

This rally propelled the token to its all-time high of $0.0000108 on March 14th. Subsequently, the coin underwent a short-lived downtrend, finding support at $0.0000049.

PEPE experienced a strong rebound from this level, fueled by increased investor enthusiasm following Coinbase's announcement in April that it would list PEPE's perpetual contracts.

WienerAI ICO Raises Over $350k – Next Meme Coin to Explode?

Meanwhile, the meme coin formed a classic bullish-flag pattern on its daily chart. Such patterns often indicate the potential for a breakout amidst a strong bullish trend.

Popular crypto trader Max Schwartzman recently analyzed PEPE's price action and expressed his belief that the meme token was poised for a significant surge.

This anticipated breakout paved the way for PEPE's 15% rally over the past day, as the price rebounded from the pattern's upper base.

Data from IntoTheBlock confirms the bullish sentiment, indicating that 75% of PEPE holders were in profit at the time of writing.

An analysis of PEPE's futures market data from Coinglass reveals a substantial 32% increase in Open Interest (OI) over the past day.

The 15% surge in conjunction with the rise in OI reflects the strong trader confidence in PEPE's future prospects. However, it is noteworthy that trading volumes have only increased by 6.5% during this period.

At the time of writing, PEPE was trading approximately 26% below its all-time high. As the sentiment towards meme coins turns bullish, a trending new meme token gaining investor attention is WienerAI.

Traders Believe WienerAI Could Explode Next

Alongside meme coins, many investors are also exploring the booming AI space. WienerAI (WAI) is a meme token that combines the potential of meme coins with AI.

The project's mascot is an AI-powered robot dog named WienerAI. The narrative revolves around a mad scientist, "The Architect," who created WienerAI in the year 2132.

Early adopters can purchase WAI for just $0.000703 at the time of writing. However, this price will increase in the next round, which commences in two days.

The platform offers a highly rewarding staking mechanism for presale investors, providing a staking APY of over 1,000% at the time of writing.

With over 980 million tokens already staked, it is evident that investors have placed their trust in the project.

According to the WienerAI whitepaper, it has a supply cap of 69 billion tokens. 30% of these tokens are available for purchase at low prices during the presale phase.

Adding to the excitement, numerous crypto analysts are optimistic about this meme token. In a recent YouTube video, popular crypto analyst Jacob Bury emphasized how WienerAI could yield 100x gains for early buyers.

Jacob highlighted the opportunity for early adopters to capitalize on WienerAI's high staking APY before it decreases.

To learn more about this project, visit the WienerAI presale website or connect with the community on Telegram or Twitter.

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