Beware of Misinformation About PEPE Coin! Stay Alert!
Elon Musk recently updated his name on the social media platform X to "Kekius Maximus" and replaced his profile picture with a variation of Pepe the Frog ahead of the New Year. This has sparked speculation about Musk's involvement in the PEPE cryptocurrency. However, it’s important to clarify the facts:
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What is Kekius Maximus?
"Kekius Maximus," or KEKIUS, is a separate cryptocurrency token operating on blockchains like Ethereum and Solana. It has garnered significant attention, experiencing:
A 500% surge in just 24 hours (as of December 27, 2024).
A 24-hour trading volume exceeding $2.73 million.
An all-time high of BTC0.00078698, followed by a 24% dip, while still holding an 815% growth from its all-time low on December 17.
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Key Takeaway:
Elon Musk's actions were unrelated to PEPE Coin. The buzz surrounding Musk's rebranding and profile update is being misinterpreted by many online. It’s vital not to confuse this with the PEPE cryptocurrency or fall victim to misinformation.
Do Insiders Have Any Idea Why the Pudgy Penguin Has Climbed 10% Amid Market Chaos?
The market is paying attention to Pudgy Penguins (PENGU/USDT), which has risen 8.50% in the last 24 hours to $0.03362. With a market valuation of $2.1 billion and a high trade volume of $907.47 million, $PENGU presently ranks #57 in the crypto industry.
The formation of a symmetrical triangle pattern on the 4-hour chart, which is an indication of possible price consolidation before a big move, occurs at the same time as this rise.
At $0.03832, you'll find immediate opposition; at $0.04330 and $0.04570, you'll find more obstacles. We can see that $0.03281, $0.02981, and $0.02642 provide support on the downside.
As PENGU consolidates and gets ready for its next big move, this setup gives traders important levels to monitor.
At $0.03324, just below the current price, the 50-day Exponential Moving Average (EMA) suggests a minor uptrend in sentiment for the near future.
Be that as it may, the consolidation stage is highlighted by the symmetrical triangle pattern.
Breaking over $0.03832 would indicate a bullish rise, but if $0.03281 is not held, negative pressure might be on the horizon.
In order to confirm a breakthrough or collapse, traders are keeping a careful eye on trading volume.
What's the Future of Squishy Penguins? A symmetrical triangle indicates market uncertainty and, on the 2-hour chart of Pudgy Penguins, big price fluctuations are likely to follow.
In order to confirm the next move's direction, traders are waiting for a volume increase. Prices might go between $0.04330 and $0.04570 if they break out above $0.03832.
If support at $0.03281 is broken, #pengu may go as low as $0.02981.
Major Takeaways:
Levels of Resistance: $0.03832 serves as an immediate barrier, with further hurdles at $0.04330 and $0.04570.
Zones of Critical Support: $0.03281, $0.02981, and $0.02642 follow.
Technical Momentum: With an RSI of 51.11, we can see that sentiment is neutral. However, we can also see that trading above the 50 EMA at $0.03324 suggests a little uptrend.