The Unicorn Fart Dust price plummeted 30% in the last 24 hours to trade at $0.1199 as of 9:50 p.m. EST on trading volume that plunged 23% to $222 million, according to CoinGecko.
Unicorn Fart Dust Price Aiming For A Bullish Trend Reversal
The UFD/USDT chart on the 15-minute timeframe reflects a short-term bearish trend encapsulated by a falling channel pattern (highlighted in yellow). The Unicorn Fart Dust price has been consistently making lower highs and lower lows, after hitting the $0.269 resistance, according to GeckoTerminal data, which is a hallmark of bearish price action.
UFD price is currently hovering near the upper boundary of the channel, attempting a breakout.
Trading within a falling channel drove the price of Unicorn Fart Dust to trade below the 200-day Simple Moving Average (SMA). However, the UFD price still trades above the 50-day SMA, which is a sign that the price could still recover over the channel.
The Relative Strength Index (RSI) stands at 55.37, slightly above the neutral 50 level, indicating mild bullish momentum. This suggests that buyers are starting to regain control, though the strength of this momentum is moderate. A further rise in RSI above 60 could confirm a bullish breakout.
Moreover, the blue Moving Average Convergence Divergence (MACD) line has crossed above the orange signal line, with a positive histogram indicating bullish momentum. This is a short-term bullish signal. However, the overall strength of the crossover remains weak, suggesting cautious optimism.
UFD/USD Chart Analysis (Source: GeckoTerminal)
Unicorn Fart Dust Price Prediction
The Unicorn Fart Dust price trading within the upper boundary of the falling channel shows that UFD is gearing up for a bullish trend reversal over the channel. If the price breaks above the falling channel’s upper boundary with increased volume, it could target the 200-day SMA at 0.1442 as the next major resistance level. Beyond that, the price could move toward 0.1600, a previous swing high.
Conversely, if the price fails to break out and gets rejected at the upper boundary of the channel, it could retest the support near 0.1115 (50-day SMA) or even drop toward 0.1000, the lower boundary of the descending channel.
As investors flee Unicorn Fart Dust, they are piling into a new Pepe alternative called Wall Street Pepe (WEPE) , which Cryptonews, a popular crypto YouTube channel with over 13K subscribers, says could be the next massive degen play.
Wall Street Pepe Raises Over $33 Million In Blockbuster Presale
In slightly more than two weeks, the Wall Street Pepe presale has gained much traction in the crypto space, with investors pumping over $33.5 million into the project.
The project aims to guide both new and experienced crypto investors in navigating the market and investing in coins with huge potential.
Wall Street Pepe will offer its community cutting-edge trading strategies, insights into promising presales, and much more, which then helps traders make more informed investments and trade like pros. WEPE detests whale investors who trade in secretive insider groups and his aim is to level the playing field for the little guys.
The WEPE token also offers a passive income opportunity through its staking feature, which delivers a stellar 39% annual percentage yield (APY).
You can buy WEPE tokens from the official website for $0.0003651 using ETH, USDT, or a bank card. Buy before a price hike in less than an hour to lock in the best deal.
Purchase WEPE tokens here .
Related Articles
- Crypto ICOs With The Potential for High Returns In December
- As BTC Plunges Below $100K, This ICO Rockets Past $5M
- Best Low Market Cap Crypto to Buy
