Blockchain

Pepe Price Prediction: PEPE Soars 19% In A Week As The Rampant DOGE20 ICO Gives Investors One Last Chance To Buy

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

The Pepe price soared 19% in the past week to trade for $0.00000815 as of 02:30 a.m. EST time even as it dropped a fraction of a percent in the past 24 hours.

This comes as the meme coin sector makes something of a comeback, rising 2.4% in the past day to achieve a market cap of $61.8 billion, with Wen (WEN), SLERF (SLERF), and Dogwifhat (WIF) the top performers.

Pepe Price Prognosis

The Pepe price action over the last two weeks has consolidated into a falling wedge pattern. This bullish technical formation occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge’s resistance.

TradingView: PEPE/USDT 1-day chart

However, the technical outlook shows that the Pepe price could drop before the next leg higher. The Relative Strength Index, which quantifies the buyer momentum, appears subdued and moving horizontally. The histogram bars of the Awesome Oscillator (AO) are also flashing red and edging toward the mean level. This shows that the bearish sentiment is gaining strength.

Furthermore, the Moving Average Convergence Divergence (MACD) is also moving below the orange band of its signal line, adding credence to the bearish thesis. This is reinforced by the MACD histograms in negative territory.

If the bears have their way, the Pepe price could fall below the lower boundary of the wedge, with the potential to extend to the $0.00000581 support. This would constitute a fall of nearly 27% below current levels.

On the other hand, if the bulls increase their buying pressure, the Pepe price could push north into the supply zone between $0.00000874 and $0.00001003. If the bulls can haul the Pepe price above the midline of the supply zone at $0.00000937, it would confirm the continuation of the uptrend.

For the Pepe price to reclaim the March 14 peak of $0.00001084, it must flip the supply zone into a bullish breaker and use it as the jumping-off point for more gains.

Meanwhile, investors only have one last chance to buy DOGE20, a Dogecoin upgrade that is taking the meme coin sector by storm after its presale sold out.

Promising Alternative To PEPE

DOGE20 is the powering token for the Dogecoin 2.0 ecosystem, with the new meme coin ICO maintaining Dogecoin’s original spirit of “Do Only Good Everyday.”

However, it takes things up a notch as it runs on Ethereum’s Proof of Stake (PoS) blockchain, thereby presenting a more eco-friendly version of the beloved meme coin, which still runs on the legacy Proof of Work (PoW)consensus.

Recently, Coinbase Exchange, the largest US-based trading platform, announced plans to list DOGE futures next month. This makes it the ideal time to buy DOGE20 because as a Dogecoin derivative it also stands to gain from any boost from the futures contracts.

The possibility becomes even higher considering the fact that Dogecoin has not undergone any real technological or branding updates since its inception in 2013. Dogecoin20, built atop the Ethereum network, is poised to change as it embodies the lively spirit of meme coins while at the same time captivating the imagination of the crypto world.

Unlike Dogecoin, Doge20 has a fixed supply, which might help the new token go on a tear after listing if demand remains anything like it has been in presale.

With this in mind, investors are starting to catch on to this realization, and are betting that the Dogecoin20 price might yet beat DOGE to the moon.

The Dogecoin 2.0 project’s unique features, presale success, and strong community support are reinforced by the fact that Dogecoin20 also gives its token holders access to a native staking solution, which is currently offering a stunning 98% in annual rewards.

DOGE20 stake

With presale tokens now sold out after reaching the $10 million hard cap, the potential for exponential growth post-launch is undeniable, with experts such as Crypto YouTuber Jacob Bury anticipating 100X growth.

Investors can claim their DOGE20 tokens starting from April 20, which is the International DOGE Day.

DOGE20 is selling for just $0.00022, and can be bought using ETH, USDT, or bank card. BNB is also available as a payment option for investors who do not avoid high Ethereum network fees.

Interested investors should act quickly because the last chance to buy may end at any moment.

Visit and buy DOGE20 here.

Also Read:

Smog (SMOG) – Meme Coin With Rewards

Smog token
  • Airdrop Season One Live Now
  • Earn XP To Qualify For A Share Of $1 Million
  • Featured On Cointelegraph
  • Staking Rewards – 42% APY
  • 10% OTC Discount – smogtoken.com

Smog token


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.