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After a period of positive price momentum linked to the announcement of the project incorporating the Solana network, the Wall Street Pepe (WEPE) meme coin has experienced a decline in line with the broader market downturn, reflecting the drop in the stock market.
Although the market retreat is outside the influence of participants trading the WEPE/USDT pair, the technical analysis indicates that a further deepening of the retracement is improbable due to robust support at the current price levels ($0.00008752).
According to the relative strength indicator, WEPE remains comfortably below the overbought zone, suggesting that buyers may be poised to enter the market soon.
Currently positioned within a support zone established in mid-June, with its baseline confirmed in July around the $0.000070 mark, the WEPE token’s strong positioning has been reinforced today by buying activity, which is more clearly visible on the two-hour chart below.
Examining the 50- and 100-day moving averages provides additional reassurance for optimistic WEPE token holders and those looking to re-enter the market.
While the price has dipped below the 50-day MA (blue line), it is notably maintaining a position above the 100 MA (white line) at $0.00007970, currently trading at $0.00008724.
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Numerous compelling reasons to begin cost-averaging into WEPE now
The recent surge in buying interest for WEPE is evident on social media, where the project’s X account has amassed 55,300 followers, along with a substantial collection of user-generated meme content.
WEPE’s enduring appeal for astute crypto enthusiasts lies in its narrative of “choosing rich” to outmaneuver Wall Street—an engaging theme embodied by the WEPE character, reminiscent of Jordan Belfort from The Wolf of Wall Street.
When combined with Pepe, the most iconic meme in the crypto space, it creates a formula for sustained success.
Additionally, rumors of upcoming listings on more centralized exchanges suggest there are numerous incentives to continue acquiring WEPE.
Alpha chat has been lively lately. Frog signals only. $PENGU trade up +600% $PNUT trade up +50% $POPCAT trade up +50%
$MOODENG trade up +50%
All fam enjoying $WEPE up +600% since June 1st.pic.twitter.com/YlkqFTwnb8
— Wall Street Pepe (@WEPEToken) July 23, 2025
User-generated meme content, partnerships with other Web3 communities, an Alpha Chat trading community known for delivering successful trades (as noted in the X post above), and heightened anticipation surrounding its upcoming NFT launch are all contributing to increased demand for the token.
Do not let WEPE be the opportunity that slipped away. The technical indicators are signaling ‘STRONG BUY,’ so remain prepared and start averaging into this appealing token.
Visit the Wall Street Pepe website to stay updated with market-moving product news, or join the community on X and Telegram.
The post WEPE Pullback Finds Strong Support Before New Test of Resistance at $0.0001249 appeared first on Cryptonews.
