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The Pepe price jumped over 4% in the last 24 hours to trade at $0.000008292 as of 12:50 a.m. EST as investors start to accumulate the meme coin.
PEPE was the only meme coin among the top three biggest by market capitalization to record a gain, with leader Dogecoin (DOGE) and second-placed Shiba Inu (SHIB) both edging down.
The Pepe Price Ricochets Off Of Support
4-hour chart for PEPE/USDT (Source: TradingView)
The Pepe price has been in a consolidation phase between $0.00000753 and $0.00000920 over the past couple of days. In the last 24 hours, the meme coin bounced off of the lower boundary of this sideways channel. This rebound resulted in the meme coin’s 24-hour gain.
Should PEPE keep climbing in the coming 24 hours, it might rise to as high as $0.00000920. If the crypto reaches this point, it will either be rejected by the resistance level and correct, or it will overcome the price barrier.
A 4-hour candle close above $0.00000920 will clear a path for the Pepe price to rise higher in the following 48 hours. Bulls might seize the opportunity to push PEPE up to the next obstacle at $0.00001090.
On the other hand, getting rejected by the resistance level could lead to the altcoin falling back down to $0.00000753.
This bullish thesis will remain in play for as long as the Pepe price remains above $0.00000753. Conversely, sellers forcing the meme coin below this technical crutch could put the crypto at risk of dropping further in the short term. PEPE might then fall to as low as $0.00000660.
The Pepe Price Might Keep Climbing As Bullish Flags Emerge
Technical indicators on PEPE’s chart suggest the meme coin is attempting to enter a new positive trend. This is after a major bullish technical flag was triggered by the Relative Strength Index (RSI) throughout the past day of trading.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is on the verge of triggering a technical flag as well.
Buyers gained the upper hand against sellers, as signaled by the RSI’s cross above its Simple Moving Average (SMA) line in the last 24 hours. What’s more, the RSI is also breaking away above the SMA. This could be a sign that bulls’ strength is still increasing.
If buyers keep growing stronger, it might only be a matter of time before a major bullish technical flag is triggered by the MACD indicator. Currently, the MACD line is rising towards the MACD Signal line.
Traders usually identify this technical occurrence as a sign that a crypto’s negative trend is coming to an end. A confirmation of the Pepe price entering a positive cycle will be when the MACD line crosses above its MACD Signal line.
With bullish signs cropping up on PEPE’s charts, the rest of the meme coin market might follow the frog-themed crypto’s lead. One altcoin that stands to benefit the most from this is Dogeverse (DOGEVERSE).
The Dogecoin derivative has ignited an investor frenzy during its presale, raising over $13 million as it now offers investors one last chance to buy before listing.
A Meme Coin With Cross-Chain Utility
Dogeverse is the only meme coin that resides on multiple blockchains, and is available on Avalanche, Solana, Ethereum, Base, BNB Chain and Polygon.
With its cross-chain presence, token holders are able to seamlessly shift value across networks. This enables DOGEVERSE investors to take part in high-yield-generating and liquid opportunities in the DeFi space.
Why limit to one when you can have it all? $DOGEVERSE begins on the secure #Ethereum network, ensuring robust security and reliability. 🛡️💻
🔥 Bridging gaps between #Cryptocurrency ecosystems, we enhance liquidity, utility, and fun across the entire #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry
— DogeVerse (@The_DogeVerse) May 3, 2024
However, investors won’t even need to leave the Dogeverse ecosystem to start earning passive rewards, since the team are offering presale buyers an attractive staking program.
By simply purchasing and locking up Dogeverse tokens during this ICO phase, buyers can earn up to 70% in annual rewards. Unlike other speculative investment opportunities in the crypto space that rely solely on their ability to undergo a price surge, DOGEVERSE buyers can start growing their holdings from the get-go.
Investors Rush To Buy DOGEVERSE
YouTuber Jacob Crypto Bury revealed in a recent video that a whale has entered the mix. With the meme coin’s ICO approaching its end, one large investor bought over $183k worth of Dogeverse equivalent to 62.3 Ethereum (ETH).
Anyone that wants to buy the crypto before whales scoop everything up can do so on the project’s official website. There is a simple buy widget embedded on the site, which lets investors purchase the token using either AVAX, SOL, ETH, BASE, BNB or MATIC.
There is also the option to buy DOGEVERSE using USDT or a bank card.
Purchase and stake DOGEVERSE here for up to 70% in annual staking rewards.
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