Blockchain

Pepe Price Prediction: PEPE Pumps 9% As This Multi-Chain Dogecoin Derivative Charges Towards $6 Million

Join Our Telegram channel to stay up to date on breaking news coverage

The Pepe price surged 9% in the past 24 hours to trade for $0.00000538 as of 01:45 a.m. EST.

The frog-themed PEPE coin appears to be following the trend seen among animal-themed tokens, with both dog and cat coins rising.

It comes amid speculation and anticipation for the Bitcoin halving, which is only three days away. This helps to explain the capital inflows into meme coins, while another narrative in favor of PEPE is that it’s the token’s birthday.

While the surge in the Pepe price is not confirmation of the beginning of a bull run, it is something to go by. This is because while the meme coin is on a downtrend to the naked eye, the Pepe price is consolidating within a falling wedge pattern from a technical standpoint.

For the layperson, a falling wedge pattern is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. The falling wedge shows that downside momentum I decreasing and therefore alerts investors and traders to a potential trend reversal. Even though selling pressure may diminish, demand wins out only when resistance is broken.

As such, traders are encouraged to wait for a breakout before opening long positions for the Pepe price.

Pepe Price Prediction As PEPE Consolidates In A Falling Wedge Pattern

The Pepe price looks primed for a bullish breakout, but this will only happen after the Bitcoin price shows a strong bullish hand. Meanwhile, the PEPE bulls are aligning themselves in preparation for two key events, the International DOGE Day and the BTC halving, which are all bullish fundamentals.

The Relative Strength Index (RSI) is climbing to show momentum is rising, although still in the undesired territory. With rising buying pressure, the Pepe price could activate the bullish chart pattern, confirmed by a break above the upper boundary of the wedge to tag the $0.00000830 blockade.

In a highly bullish case, the Pepe price could extend a neck higher, shedding a zero to nick the $0.00001042 resistance level. Such a move would constitute a climb of nearly 96% above current levels.

Pepe price

TradingView: PEPE/USDT 1-day chart

Converse Case

On the other hand, considering the position of the RSI below the ‘50’ mean level, and the Awesome Oscillator (AO) in negative territory, this suggests the uptrend could be delayed. Investors should probably consider a flip of the RSI above 50 before taking long positions.

On the off chance that the price slips below the lower boundary, a takeover by the bears could ensue. This could see the Pepe price extend a leg lower to the $0.00000400 psychological level.

Meanwhile, with markets watching the clock for International DOGE Day, capital inflows are increasing into anything that is related to Dogecoin, and it’s the DOGEVERSE token presale that is first in line.

Promising Alternative To Pepe

DOGEVERSE powers the Dogeverse ecosystem, a project that introduces a different narrative where users enjoy a multi-chain asset with the benefit of interoperability. This is not common in the meme coin niche.

With the multi-chain deployment mechanism, investors can interact with the Dogeverse ecosystem in any way they see fit. Those who want more accessibility can pick Ethereum. Scalability seekers can go for Avalanche. Affordable crypto watchers can use the Solana or Polygon blockchains.

The Base chain is suitable for those looking for something new, and for those looking for a more utility-focused ecosystem in Dogeverse, then the BNB Chain is the way to go.

Dogeverse multichain

The Dogeverse has got a whole lot bigger with Cosmo the Doge bounding onto the meme coin playing field. This cute little mutt was “born with the unique ability to hyper jump between the stars of the crypto universe.”

Dogeverse has already raised almost $6 million in a little more than a week, and a part of its appeal is that it offers a staking return of 174% annually. Upwards of 9.191 billion DOGEVERSE tokens are already staked.

The distribution of Dogeverse token rewards will occur at a rate of 6088 $DOGEVERSE per Ethereum (ETH) block and will be disbursed over 2 years.

DOGEVERSE tokens are priced $0.000296. With a price increase coming in less than 24 hours, buy now if you are interested.

Visit and buy Dogeverse on the official website here.

Also Read:

Dogeverse – Multichain Meme Coin

Dogeverse logo
  • Early Access Presale Live Now
  • Bridge To Solana, Base, BNB Chain, Polygon, Avalanche
  • Staking Rewards – thedogeverse.com
  • Trade With Low Fees
  • World’s First Chain Travelling Doge – Cosmo

Dogeverse logo


Join Our Telegram channel to stay up to date on breaking news coverage


Credit: Source link

You might also like More from author

Comments are closed.

Please enter CoinGecko Free Api Key to get this plugin works.