Butthole Coin Price Closes On A Breakout Above The Triangle, Wall Street Pepe Presale Heads To $50 Million

The Butthole Coin price has plummeted 26% in the last 24 hours to trade at $0.03606 as of 7:00 a.m. EST on a 51% drop in trading volume to $8.9 million.

The Butthole Coin (BUTTHOLE) price has dropped by 26% in the last 24 hours, continuing a downward trend that began earlier this week. The meme coin is now trading at $0.03606, down from a peak of $0.04850.

The massive price decline comes amid a 51% decrease in trading volume, with only $8.9 million in BUTTHOLE being traded in the last 24 hours. This sharp drop in liquidity could be putting further pressure on the crypto’s price.

Butthole Coin Price Closes In On A Breakout From The Triangle Pattern

On the 1-hour chart, the BUTTHOLE/USD trading pair appears to be forming a descending triangle pattern, which is usually considered a bearish continuation formation. However, a breakout in either direction could determine the crypto’s next trend.

The price is currently trading at $0.03656, with a precise support level at around $0.03000. This support forms the horizontal base of the triangle, while a descending trendline marks the pattern's apex.

This setup could be hinting at the potential for a breakout either to the upside or downside, with each breakout direction having the capacity to set the crypto’s next trend.

The 50-period Simple Moving Average (SMA) is situated at around $0.03854, presenting itself as a dynamic resistance that points toward bearish pressure. However, a breakout above this level could mark the beginning of a bullish rally.

On the other hand, the MACD (Moving Average Convergence Divergence) showcases a negative histogram, with the MACD and Signal lines approaching convergence. This setup could hint at weakening bearish momentum, with the potential for a bullish crossover.

Meanwhile, the RSI (Relative Strength Index) is at 46.62, indicating a move toward oversold conditions. A shift above the midline of 50 could signal a change in momentum that favors buyers.

If the price breaks above the triangle’s descending resistance and the 50-period SMA (around $0.03850), the next key resistance levels to watch would be $0.04500 and $0.06000.

Conversely, a breakdown below the $0.03000 support could lead to further declines, potentially targeting $0.02500.

For bullish traders, a confirmed breakout above $0.03850 with strong trading volume could present a good entry point. Bearish traders should monitor for a close below the $0.03000 support level as confirmation for short positions.

As the price approaches the triangle’s apex, keeping an eye on indicators like the MACD and RSI will be crucial for identifying momentum shifts.

Wall Street Pepe Presale Heads To $50 Million – Next Crypto To Explode?

As the Butthole Coin price tries to enter into another bullish rally, investors are flocking to a new Pepe-inspired project called Wall Street Pepe (WEPE), whose presale has already garnered over $48.6 million in funding.

The WEPE presale aspires to be one of the most successful in history by creating a collaborative platform where members can share insights, identify early opportunities, and achieve significant returns.

They doubted the frog. Now they fear the movement. 🐸⚔️ pic.twitter.com/Fmm8PpquOl

— Wall Street Pepe (@WEPEToken) January 10, 2025

The project is inspired by the success of Wall Street Bets on Reddit, aiming to empower smaller traders by enabling members to collectively decide which projects to support, driving growth and momentum. It also aims to reduce the dominance of whale investors, leveling the playing field for all participants.

For those interested in passive income, the WEPE token offers a compelling 26% annual staking yield as well. Accumulating the meme coin might be a good move, given the bullish predictions from experts. Among them is crypto analyst and YouTuber ClayBro with over 134K subscribers, who predicted that WEPE could achieve a 100X increase in value after its launch.

Interested investors can purchase WEPE tokens at a rate of $0.00036648 through the official website using ETH, USDT, or a bank card. Those aiming to secure the best presale rates are advised to act quickly, as the crypto’s price is set to increase with each stage of its ICO.

Buy WEPE tokens here before the next price increase in 42 hours.