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The Pepe price soared 7% in the last 24 hours to trade at $0.00000691 as of 00:39 a.m. EST on trading volume that rose 35% to $890 million.
This comes as PEPE is the top gainer among the top five meme coins by market capitalization as the meme coin mania that erupted after the Bitcoin halving was completed takes a breather. The market cap of meme coins edged down a fraction of a percent in the past 24 hours to $54.8 billion.
Pepe Price Set For An Uptrend Over The Falling Wedge
The Pepe price has been on an uptrend since the end of February to hit an all-time high of $0.00001064, recorded on March 14. In April, Pepe has been on a downtrend, trading within the confines of the falling wedge pattern.
However, the bulls found support around $0.00000486 to push the price from the lower boundary of the wedge to trade above the upper boundary.
PEPE is also trading above the 50-day Simple Moving Average (SMA), a confirmation of the upward potential of the price. If the upward momentum continues to grow, it could encourage buyers to push the price above the 200-day SMA, confirming the recent momentum.
Additionally, the Relative Strength Index (RSI) is also trading within the oversold levels at 69, indicating that PEPE is under intense buying pressure from buyers, aimed at sowing the price even higher.
Pepe Price Prediction
The Pepe price will look to sustain its bullish momentum over the falling wedge, having breached the upper boundary. PEPE also aims to overcome the 200-day SMA hurdle at $0.00000691, acting as the immediate resistance level as they target $0.000010.
The movement of the RSI indicates that the bulls are buying with the aim of pushing the price even higher.
However, the 50-day SMA crosses below the 200-day SMA at $0.00000778, forming a death cross. A death cross may trigger a downward trend movement, pushing the price below the $0.0000048 support, which will form a double-bottom pattern, further cementing the long-term bullish sentiments.
As the Pepe price gears up for another rally, investors are also buying $SPONGEV2, a meme token aimed at replicating the success of Sponge V1 in 2023.
Sponge V2: Potential For 100X Returns
Sponge V1 caused a stir in 2023, soaring 100X and hitting a peak of $100 million during a bear market. If you missed this opportunity, there is a second chance with Sponge V2, which aims to repeat that feat and more as it offers a last chance to buy before launching on top-tier exchanges.
#SpongeV2 blasting off in 2024 🚀🔥#Crypto #MemeCoin #Alts #100x pic.twitter.com/GQQSbLPNla
— $SPONGE (@spongeoneth) March 29, 2024
The plan to list on larger exchanges aims to enhance Sponge V2’s accessibility and visibility within the crypto community.
Buy $SPONGE now, or FOMO in later; the choice is yours! 🧽💦#SpongeV2 #MemeCoin #Binance pic.twitter.com/qbKjvo6VwH
— $SPONGE (@spongeoneth) April 20, 2024
Sponge V2 is a big upgrade on Sponge V1 focussing on community engagement and utility.
One of the key features that Sponge V2 is bringing is a staking function that offers an annual percentage yield of 164% on Ethereum and 346% on the Polygon network.
Sponge V2 is also introducing the Sponge Play-to-Earn Racer game that offers players the chance to compete in racing competitions and earn token rewards.
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
99Bitcoins, a prominent YouTube channel with 700K subscribers, believes that Sponge V2 has the potential to 100X on launch.
You can buy Sponge V2 tokens on the official website here. Link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.
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