Dogecoin, Pepe Slide as Meme Coin Prices Dip, Some Traders Rotate Into WEPE, FLOCK ICOs
Theres never a dull moment in crypto especially when it comes to meme coins. After yesterdays marketwide dip, DOGE is down -10% and PEPE has dropped by -11% in the last 24 hours.
This activity is really shaking the markets, generating $5.9 billion in trading volume for Dogecoin and almost $2 billion for Pepe. Sentiment is bearish, at least for the short term, as the markets digest the latest moves and traders try to work out where things go next.
However, its not all doom and gloom for meme coin enthusiasts, as two major ICOs are continuing to show bullish momentum.
Meme Coin Market Stalls, DOGE and PEPE Take a Hit
The meme coin market is largely driven by community sentiment and belief so when uncertainty strikes, emotions can quickly take over. During bearish conditions, many traders and investors are quick to panic, creating dips that bulls immediately look to take advantage of.
Looking at Dogecoins daily price chart, we can see this story playing out already:
From a double bottom over a confluence of support lines, and a pump that quickly lost momentum and led to yesterdays dip, its clear that DOGE holders are torn over where the price of this leading meme coin is headed.
Dogecoin price action is very similar to one year ago. In November 2023, $DOGE traded up, then dropped and consolidated before a major move up in 2024. In November 2024, Doge traded up higher, then dropped and is now consolidating. Next is a major move up in 2025. pic.twitter.com/QvMPxh7Bbw
KrissPax (@krisspax) January 8, 2025
However, we should note that the confluence of two support lines (one horizontal around $0.29, and a diagonal line forming a bullish ascending triangle) remains in place here. This means that despite yesterdays drop, DOGE still has plenty of power left. Bulls will look to push DOGE back to $0.485 and beyond, and they have a good chance of achieving that goal right now.
As for Pepe, a very different scenario is emerging, but it still has a bullish angle left to play for:
PEPE has shown significantly more weakness than DOGE, making it appropriate to analyse this chart with more of a focus on the bearish side of things. By forming a descending triangle pattern, PEPE is challenging bulls to maintain the assets primary support level at $0.00001655.
If they succeed, PEPE bulls can then have a shot at breaking the descending triangles red resistance line. This would ignite a new pump, with $0.00002833 as the target.
Early days of $PEPE vs. early days of $SHIB pic.twitter.com/wpDsewVaoR
Chandler (@ChandlerCharts) January 7, 2025
Taken together, DOGE and PEPE are demonstrating exactly how divided meme coin market sentiment currently is.
This saga looks ready to continue well into February and March so right now, investors who are searching for greater certainty should check out a pair of tokens making waves through their market-beating ICOs.
Many former DOGE and PEPE holders are now rotating their profits into these coins, and this trend is going to continue for the foreseeable future.
Wall Street Pepe ICO Raises $44m in One of the Fastest Growing Meme Coin Presales
During uncertain times, the belief of even the most experienced crypto traders and investors can be shaken. Wall Street Pepe ($WEPE) is the perfect solution to this, as its token holders are joining forces as the WEPE Army.
Through the Wall Street Pepe project and community, WEPE holders will gain unparalleled access to top alpha calls, trading insights, and market-beating strategies. This will give them the best possible chances of outperforming even top Wall Street veterans, market makers, and crypto whales who until now have determined the ultimate course of the markets.
The WEPE presale has now raised over $44 million, with tokens priced at $0.00036644 and a staking APY of 29% available for early investors who want to generate passive income.
Now that frog coins like Pepe Unchained and the original Pepe have proven the strength of the frog coin narrative, Wall Street Pepe and its constantly growing army of investors seem ideally positioned to pump.
Visit Wall Street Pepe Presale
Flockerz ICO Nears $10m Raised With 14 Days Left to Enter
Very few meme coin projects have genuine long-term viability but the utility of new token Flockerz ($FLOCK) has seen it race to almost $10m in its ongoing presale.
The Flockerz community (also known as The Flock) will gather within a DAO called FlockTopia, where they can use their FLOCK tokens to determine how the project develops through a unique voting mechanism. Known as Vote-to-Earn (or V2E), this system rewards FlockTopia voters with even 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 distinguish themselves and attract major investors, including whales. FLOCK is certainly benefiting from this narrative, and presale investors are also enjoying the extra gains provided by the projects staking protocol which has a huge 297% APY.
In just 13 days, the Flockerz ICO will come to an end, and the tokens current discounted price of $0.0066351 will be a distant memory.
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