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The Unicorn Fart Mud worth plummeted 30% within the final 24 hours to commerce at $0.1199 as of 9:50 p.m. EST on buying and selling quantity that plunged 23% to $222 million, in keeping with CoinGecko.
Unicorn Fart Mud Worth Aiming For A Bullish Development Reversal
The UFD/USDT chart on the 15-minute timeframe displays a short-term bearish development encapsulated by a falling channel sample (highlighted in yellow). The Unicorn Fart Mud worth has been persistently making decrease highs and decrease lows, after hitting the $0.269 resistance, in keeping with GeckoTerminal information, which is a trademark of bearish worth motion.
UFD worth is at the moment hovering close to the higher boundary of the channel, making an attempt a breakout.
Buying and selling inside a falling channel drove the worth of Unicorn Fart Mud to commerce beneath the 200-day Easy Transferring Common (SMA). Nevertheless, the UFD worth nonetheless trades above the 50-day SMA, which is an indication that the worth may nonetheless get well over the channel.
The Relative Energy Index (RSI) stands at 55.37, barely above the impartial 50 degree, indicating gentle bullish momentum. This implies that consumers are beginning to regain management, although the energy of this momentum is reasonable. An extra rise in RSI above 60 may verify a bullish breakout.
Furthermore, the blue Transferring Common Convergence Divergence (MACD) line has crossed above the orange sign line, with a constructive histogram indicating bullish momentum. It is a short-term bullish sign. Nevertheless, the general energy of the crossover stays weak, suggesting cautious optimism.
UFD/USD Chart Evaluation (Supply: GeckoTerminal)
Unicorn Fart Mud Worth Prediction
The Unicorn Fart Mud worth buying and selling inside the higher boundary of the falling channel exhibits that UFD is gearing up for a bullish development reversal over the channel. If the worth breaks above the falling channel’s higher boundary with elevated quantity, it may goal the 200-day SMA at 0.1442 as the following main resistance degree. Past that, the worth may transfer towards 0.1600, a earlier swing excessive.
Conversely, if the worth fails to interrupt out and will get rejected on the higher boundary of the channel, it may retest the assist close to 0.1115 (50-day SMA) and even drop towards 0.1000, the decrease boundary of the descending channel.
As traders flee Unicorn Fart Mud, they’re piling into a brand new Pepe various known as Wall Road Pepe (WEPE), which Cryptonews, a preferred crypto YouTube channel with over 13K subscribers, says may very well be the following large degen play.
Wall Road Pepe Raises Over $33 Million In Blockbuster Presale
In barely greater than two weeks, the Wall Road Pepe presale has gained a lot traction within the crypto area, with traders pumping over $33.5 million into the mission.
How I sleep figuring out Wepe is pumping. 🐸 ⚔️ pic.twitter.com/slowCyxZ0E
— Wall Road Pepe (@WEPEToken) December 17, 2024
The mission goals to information each new and skilled crypto traders in navigating the market and investing in cash with big potential.
Wall Road Pepe will provide its neighborhood cutting-edge buying and selling methods, insights into promising presales, and far more, which then helps merchants make extra knowledgeable investments and commerce like execs. WEPE detests whale traders who commerce in secretive insider teams and his goal is to degree the enjoying area for the little guys.
The WEPE token additionally presents a passive revenue alternative by way of its staking characteristic, which delivers a stellar 39% annual share yield (APY).
You should purchase WEPE tokens from the official web site for $0.0003651 utilizing ETH, USDT, or a financial institution card. Purchase earlier than a worth hike in lower than an hour to lock in one of the best deal.
Buy WEPE tokens right here.
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