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FWOG Just Hit A New ATH – How High Can This Solana Frog Jump?

FWOG Just Hit A New ATH – How High Can This Solana Frog Jump?

99bitcoins99bitcoins2024/10/21 15:06
By:FatimaSam Cooling

FWOG price hits another ATH, nearly 10x from our first article on this little frog. Solana meme coins are on fire. Does Fwog crypto have more room to grow?

FWOG, a meme coin in the Solana ecosystem inspired by Pepe the Frog, launched on pump.fun. The project faced a major setback when the developer abandoned it shortly after launch, leaving the artist unpaid.
However, the community stepped in to rescue FWOG, paying the artist and continuing the project, which led to its first ATH of $42 million. The project has since grown, reaching an impressive ATH of $259 million. Will Fwog reach the price of $1?

FWOG Price Analysis: Will FWOG Steal Pepecoin’s Crown?

FWOG has been in a significant uptrend recently. After a period of consolidation in August and early September, the price has broken out and continued its upward momentum.
The current price is around $0.21, slightly below the recent high of $0.2216 from the latest candle, which showed a minor retracement after testing resistance.

Resistance: there are two notable resistance levels visible on the chart. The first is around $0.217, where the price has recently retraced, and the second, stronger resistance, is around $0.204. Both levels may act as barriers in the short term and will need significant buying momentum to break through.

Support: the nearest support level is marked at $0.1540, where previous price action has reacted. If the price is correct or retraces further, this level could serve as a key floor and a buying opportunity for traders.

The RSI is currently at 60.82, indicating bullish territory but not overbought. This suggests that there is still room for further upward movement, though it’s approaching the overbought region (above 70), where price pullbacks are more likely.

$FWOG retesting s/r. 350-400million cap minimum by end of week imo pic.twitter.com/aT2VFXY7Wi

— TraderSZ (@trader1sz) October 21, 2024

Volume has surged along with the price increase, indicating strong buying interest and momentum. High volume often confirms the strength of a price movement, meaning this rally could continue if the volume remains strong.

FWOG is currently facing resistance around the $0.217 level. The RSI is approaching overbought levels but still indicates the potential for further gains if buying pressure continues.

Pepe Unchained Hits $21.3M in Presale, Eyes $1Bn with New Developer Fund

But while FWOG has been stealing the headlines, the real alpha surrounds a new meme coin layer-2 called Pepe Unchained after smart money whales rushed into the PEPU presale – fuelling it past a gigantic $21.M raised.

The dramatic influx of capital is due to a major announcement about ecosystem growth. On Thursday, the 17th, Pepe Unchained began accepting applications for its highly anticipated developer grants fund, ‘ Frens With Benefits. ’

These grants are already attracting the best meme coin developers in the space, who will use Pepe Unchained’s technology to bring their ideas to life. This technology promises faster and cheaper transactions than Ethereum.

 

If its ecosystem flourishes, the PEPU token will be spotlighted as the show’s star, with the new dApps on its L2 serving as a demand driver for its 8 billion tokens.

The substantial amount of funds—roughly $15 million, or about 75% of all raised funds—locked in its high-APY staking protocol ensures strong backing and investor confidence.

This sets the stage for a huge pump for PEPU’s market debut, and you won’t want to miss out, so stay current by  engaging with the Pepe Unchained community on X  and  Telegram .

And remember, the biggest profits in the meme coin game aren’t made by chasing the winners but by getting ahead of the pumps.

Find Out More About Pepe Unchained Here

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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