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The Pepe price soared 10% in the last 24 hours to trade at $0.00001094 as of 02:45 a.m. EST on trading volume that rose 188% to $2.3 billion.
This comes amid a surge in optimism in crypto markets that the Securities and Exchange Commission might approve spot Ethereum ETFs (exchange-traded funds) this month. The first such decision is due on May 23.
Ethereum soared 18% and Bloomberg ETF analysts upped the odds of spot ETH ETFs gaining approval to 75% from 25% previously.
Bitcoin, Dogecoin, and Shiba Inu, all went on a tear in the last 24 hours, rising 7%, 7%, and 6%, respectively.
After the news, PEPE has been able to retest the $0.0000112 resistance, coming just shy of its all-time high (ATH) of $0.00001151, data from GeckoTerminal shows.
Positive news from the decision on May 23 could prompt another rally, with PEPE set to surpass the upper boundary of the bullish pennant pattern.
Pepe Price Set To Breach The $0.0000115 ATH, Sustain Its Bullish Stance Over The Bullish Pennant
Major indicators support the bullish sentiment. PEPE is trading above both the 50-day and 200-day SMAs, with $0.00001004, coinciding with the 50-day SMA, as the immediate critical support zone.
Moreover, the Relative Strength Index (RSI) is rebounding from the 30-oversold region, crossing the 50-midline level as it hurtles towards the 70-overbought region. An indication of intense buying pressure and continued investor optimism.
The Average Directional Index (ADX) trades at 25, signaling a growing bullish trend to the upside.
Pepe Price Prediction
The PEPE price analysis on the 4-hour chart indicates that PEPE is poised for a sustained bullish rally above the bullish pennant. Major indicators support the bullish prospects, with bulls targeting a new ATH at $0.0000140.
However, the soaring RSI could trigger a sell-off, prompting a slight price retrace to breach the immediate resistance level at $0.00001004. The bulls will then retreat to find a cushion against downward pressure at $0.00000804, which coincides with the 200-day SMA.
As PEPE aims to record a new ATH, other meme coin investors are buying Dogeverse, which has raised more than $15 million in its blowout ICO and is now offering investors a last chance to buy.
Jacob Bury, a prominent crypto YouTuber, believes that $DOGEVERSE has the potential to explode by 10x after its listing on top-tier exchanges.
Dogeverse Presale Garners Over $15 Million – Last Chance To Buy Before Launch
Dogeverse (DOGEVERSE) is an innovative project that bridges six blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Solana, and Layer 2 Base.
The project draws inspiration from Cosmo the Doge, which has the ability to hyperjump between crypto networks, allowing token holders to seamlessly bridge between different crypto chains.
🌐 Embracing Inclusive Accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
Token holders can earn passively through the platform’s staking option, with an impressive 53% annual percentage yield (APY).
You can participate in the presale by buying $DOGEVERSE for $0.00031 per token. Buy soon, though, before the team launches the token on major exchanges.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
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