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The Pepe price plunged 11% in the past seven days and a fraction of a percent in the past 24 hours to trade for $0.00001467 as of 00:41 a.m. EST.
Data according to on-chain aggregator CoinGlass indicates a 3% drop in open interest for the PEPE token, suggesting a shift in investor focus as investors look to other altcoins for positions. Open interest indicates the sum of all long and short positions for an asset.
Among the tokens that could be on the watchlist this week include Ondo Finance (ONDO), Notcoin (NOT), GameStop (GSTOP), and DOGEVERSE, which YouTuber Jacob Crypto Bury says could 10X at launch.
While the Pepe price has dropped 11% in the past week, it continues to trade with a bullish bias on the higher timeframe. It continues to oscillate within an ascending parallel chart pattern, a bullish technical formation that commits the asset to more gains provided it remains within its confines.
The Pepe price is also defending the support provided by the centerline of the bullish technical formation. This is earmarked by the $0.00001461 level, where the red candlestick bottomed out.
Pepe Price Prediction
With the immediate support standing at $0.00001467, the odds continue to favor the upside and the Pepe price could push north. In a northbound directional bias, a stable candlestick close above the $0.00001600 psychological level would encourage more buy orders, reinforcing the prevailing trend.
However, if the bullish grip on the Pepe price eases as the bulls look to refresh, the Pepe price could provide another buying opportunity around the $0.00001461 threshold before the next leg up.
Two technical indicators, both showing momentum and investor sentiment, support the upside. To begin with, the Relative Strength Index (RSI) continues to record higher lows, which suggests rising buyer momentum. If the bulls manage another higher low, it could reinforce the uptrend.
The Moving Average Convergence Divergence (MACD) indicator is also well above the orange band of the signal line. It indicates that the shorter-term moving average is above the longer-term moving average, suggesting bullish momentum in the Pepe price.
It signals that the trend is likely to continue upwards. Traders often use this signal to identify potential buying opportunities or to confirm an existing uptrend in the market.
In a highly bullish case, where the Pepe price records a stable close above the $0.00001600 psychological level, it could extend the gains to record a new peak at the $0.00001800 psychological level. This would constitute a climb of over 20% above current levels.
GeckoTerminal: PEPE/USD 1-week chart
Converse Case
On the other hand, if the sellers have their way, the Pepe price could drop, slipping below the $0.00001461 critical support. In a dire case, the load-shedding exercise could extrapolate below the equal highs of $0.00001083. A decisive candlestick close below the $0.00000876 support level would invalidate the bullish thesis.
Even as the Pepe price defends its upside potential, DOGEVERSE, a chain-hopping Dogecoin derivative presale, is turning heads after hurtling past $15 million in funds raised.
This is the last chance to join the project on its blockchain adventures before the official launch with less than two hours of the presale left.
Get ready to blast off with Cosmo! 🚀🌀
⏳ #Presale ends on June 3rd at 10 AM UTC!
🌐 Claim launches on June 5th at 10 AM UTC!
This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch! 🌌
Don’t miss out! The clock is ticking! 📣… pic.twitter.com/QwpzWcm947
— DogeVerse (@The_DogeVerse) May 23, 2024
Promising Alternative To Pepe
Dogeverse emerges as a pioneering force in the crypto universe as the first meme coin to launch on the six most used blockchains after Bitcoin: Ethereum, BNB, Polygon, Solana, Avalanche, and Base chains. It calls itself “The World’s First Chain Traveling Doge.”
With a snap of his fingers, multi-chain becomes a reality! 🔗#Memecoins #Solana #Ethereum #Crypto #MemeCoinSeason #Marvel #Avengers pic.twitter.com/xI5ysV5HED
— DogeVerse (@The_DogeVerse) May 30, 2024
This unique approach offers users enhanced flexibility, allowing seamless token transfers across networks. It also minimizes transaction fees.
By existing on multiple blockchains, Dogeverse also gains exposure to diverse ecosystems, providing access to a broader user base and unlocking unique functionalities inherent to each blockchain.
The Dogeverse presale ends today, June 3, at 10 AM UTC. This means now is the last chance to buy the chain-travelling meme coin before you are locked out. Claim launches will start on June 5 at 10 AM UTC.
Time's almost up! ⏳
FINAL CALL to join before the #Presale ends! 🔜🌌#Memecoins #Altcoins #Web3 #Crypto pic.twitter.com/6bQob0muN1
— DogeVerse (@The_DogeVerse) May 30, 2024
If you are interested to own DOGEVERSE for $0.00031 per token before it launches, buy it on the official website here.
Also Read:
- How to Buy Dogeverse – $DOGEVERSE Presale Review
- Best Metaverse Crypto Projects: Top Picks for NFT and Virtual World Enthusiasts
- Top 5 Meme Coins to Diversify Your Portfolio for Potential Gains – $DOGEVERSE, $DOGE20, $SHIB, $PEPE, and $FLOKI
- Zach Humphries Honest Insights on Dogeverse – The Newest Multi-Chain Dog Meme Coin
- Top 5 Meme Coins to Buy After Bitcoin Halving – $PEPE, $DOGEVERSE, $CUMMIES, $DOGE, $SLOTH
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