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The PeiPei price surged 13% in the last 24 hours to trade at $0.0000003038 as of 03:44 a.m. EST on trading volume that rose 20% to $200 million.
PEIPEI is thus outperforming the meme coin market, which tumbled 1% to a market capitalization of about $45 billion.
Peipei Price Set For A Bullish Trend Continuation Over The Ascending Triangle
The PeiPei price has been in a markup phase within an ascending triangle pattern in the last two days, with the bulls encountering some resistance around $0.0000003313, according to data from GeckoTerminal.
PEIPEI still trades above the 200-day Simple Moving Average (SMA) but remains below the 50-day SMA, which shows the likelihood of a rally from the lower boundary of the triangle.
The Relative Strength Index (RSI) supports the rally, with the RSI recovering from the oversold level to trade at 45, as it hurtles towards the 50-midline level, an indication of a rising buying frenzy.
If the bulls sustain the momentum, the RSI could soar over to the 70-overbought region, signaling sustained optimism from the bulls.
Moreover, the Moving Average Convergence Divergence (MACD) also provides some bullish prospects, with the MACD blue line crossing over the orange signal line, forming a bullish crossover. A bullish crossover could further prompt investors to buy, pushing the token above the triangle.
Peipei Price Prediction
The Bitcoin price analysis on the 15-minute chart, shows a strong bullish bias, with PEIPEI price bulls aiming to continue with the bullish trend above the ascending triangle pattern. The recent Peipei price action could push the token up to the target of around $0.0000003901.
Conversely, if the bears take control of the price at the lower boundary of the triangle, the price of PeiPei could drop to the next support level around $0.0000002784 (200-day SMA).
Meanwhile, as the Peipei price soars, investors are also buying into a new Base chain meme coin called Base Dawgz ($DAWGZ), a presale that’s blasted past $2.4 million in funds raised.
Base Dawgz Presale Blasts Past $2.4 Million – Next Big Meme Coin On Base?
DAWGZ aims to capitalize on the success of Base meme coins and challenge its meme coin titan, $BRETT, which has soared 13,844% from its all-time low, according to Coingecko.
DAWGZ is also tapping into the market’s strong affinity for dog-themed meme coins, with four of the top five meme coins being dog-themed: DOGE, SHIB, WIF, and FLOKI.
Congrats on hitting $2.4M in the presale, my fellow $DAWGZ!
And massive props to those staking and stacking those sweet rewards! 💪 pic.twitter.com/biYklwo6wC
— Base Dawgz (@BaseDawgz) July 9, 2024
DAWGZ is primarily based on Base blockchain, but it offers a multi-chain experience, and seamless interoperability across various blockchains, including Ethereum, Solana, Binance Smart Chain, and Avalanche.
Investors cans stake DAWGZ tokens for an annual return of a 2,130%. The team has set aside 20% of the total token supply for this purpose.
Aside from staking, you can also earn through the “Be Social for Airdrop” campaign. Simply create and share memes or other content on X to accumulate points, which can later be redeemed for DAWGZ.
According to Jacob Bury, a prominent crypto analyst and YouTuber, $DAWGZ has the potential to surge 100X after its launch.
If you are interested to participate in the presale, you can buy DAWGZ tokens for $0.0061 each. But don’t wait too long because the price will increase in less than five days.
You can buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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