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The Pepe price rose 6% in the last 24 hours to trade at $0.00000695 as of 02:39 a.m. EST on trading volume that surged 7% to $1 billion.
This comes as the market bounces back from a flash crypto crash this week, which saw BTC fall below $60,000. Pepe (PEPE) and Dogwifhat (WIF) are the top gainers, with WIF rising 15% in the last 24 hours.
Pepe Price Set For A Rebound To Breach The Upper Boundary The Channel Down
The Pepe price has been on a downtrend since mid-March, which then saw PEPE fluctuate within the $0.00000799 resistance level.
In April, PEPE fell dramatically to the $0.00000446 support level, with the price movements over this level forming a head-and-shoulders pattern.
However, the bears negated the bullish prospects introduced by the head and shoulders pattern, as the price went down within the channel down pattern. The support of around $0.00000598 has allowed the bulls to push the price over, as they aim to propel PEPE over the upper boundary of the channel down pattern.
PEPE is currently trading above the 200-day Simple Moving Average (SMA), affirming the current long-term bullish prospects. Suppose the bulls sustain the momentum, PEPE could overcome the 50-day SMA at $0.00000719.
Moreover, the readings on the Relative Strength Index (RSI) are also moving up, currently at 51. If the bulls continue buying, the RSI could soar to the 70-overbought region, showing continued investor optimism.
Pepe Price Prediction
The Pepe price analysis indicates a continued breakout for the price to surpass the upper boundary of the channel. With the RSI moving upwards and the golden cross at $0.00000682, PEPE bulls are targeting $0.0000090.
However, if the bears continue exerting more pressure, Pepe could go down through a retrace back to $0.00000533, which acts as a cushion against downward pressure.
Meanwhile, as the Pepe price pumps, investors are also piling into Dogeverse (DOGEVERSE), a meme coin currently in presale that has soared past $13 million in funds raised in less than a month.
That is one key reason why crypto analysts like Jacob Bury believe that Dogeverse has the potential to soar 100X on launch.
Dogeverse: A Promising 100X Gem?
The project is the world’s first chain-traveling Doge, a crypto token designed for seamless operations across multiple blockchains. Investors can easily purchase the tokens on Ethereum, BNB Smart Chain, Polygon, Avalanche, Base, and Solana.
🌐 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
Cosmo the Doge, the project’s mascot, can hyperjump between crypto networks, giving Dogeverse the ability to move across chains, which makes the token widely accessible within the crypto space and increases its utility.
The project also offers dynamic staking, with an impressive 85% annual percentage yield (APY).
You can participate in the presale by buying $DOGEVERSE for $0.000305 per token. Buy soon, though, because a price hike is coming in less than 23 hours.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
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