Pepe Price Prediction: PEPE Pumps 11% As This Dogecoin Upgrade Goes Ballistic With $5 Million Raise

The Pepe price pumped over 11% in the last 24 hours to trade at $0.000008136 as of 9:25 a.m. EST as traders went on a PEPE purchasing spree.

The Pepe Price Resting On A Recently-Flipped Level

4-hour chart for PEPE/USDT (Source: TradingView)

The Pepe price was able to break above the $0.00000802 resistance in the last 24 hours, and is currently resting slightly above this significant price point. Should it close today’s trading session higher than this threshold, it may have the foundation needed to keep rising in the coming 48 hours.

This could see the meme coin attempt a challenge at the subsequent resistance level at $0.00000928 in the short term.

Conversely, a daily candle close today below $0.00000802 could expose the crypto to the risk of correcting to the next key support level at $0.00000712. Despite this potential threat, there is still a medium-term positive trend line that may act as the last line of defense before the Pepe price reaches this support. 

A break below the ascending trend line could be catastrophic, as traders may panic sell their holdings in the altcoin. This may then force PEPE down to as low as $0.00000631 in the coming few days.

Technicals Are Aligning In Favor Of The Pepe Price 

Technical indicators on PEPE’s 4-hour chart suggest the crypto’s price may keep climbing. They also, however, indicate that the meme coin’s bullish momentum has slowed down throughout the past 12 hours.

Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) point to a continued increase for the Pepe price. The MACD line is positioned above the MACD Signal line, which traders generally see as an indication that a crypto is in a positive cycle.

This trend may be cooling off, however, as the MACD Histogram’s gradient has turned negative. Nevertheless, the RSI is positioned above its Simple Moving Average. The prior is also breaking away from the latter, which could be identified as a signal that buyers are growing their advantage over sellers.

As the Pepe price attempts to soar to the next resistance level, investors are scrambling to get a hold of Dogecoin20 during its blowout presale.

The Next Dogecoin?

Dogecoin was launched in December 2013 as a joke cryptocurrency. Its developers certainly were not expecting the meme coin to take off the way that it did, as it built a huge community of loyal followers that included Tesla and SpaceX owner Elon Musk.

This ultimately allowed DOGE to become the biggest meme coin by market cap, a title that it still holds, according to CoinMarketCap.

Shortly after its inception, Dogecoin’s developers abandoned the project – stalling the crypto’s development. This is where Dogecoin20 comes in, as it marks the first major update to Dogecoin’s brand and technology since the meme coin made its way to the crypto market. 

https://twitter.com/DOGE_COIN20/status/1768242237266104505

Launched on the Ethereum blockchain, Dogecoin20 is a more sustainable alternative to its predecessor. In addition to this, it also has a capped token supply. As such, Dogecoin20’s price has far greater growth potential than DOGE’s price, given DOGE has no limit on the amount of tokens that can be minted.

Investors Are Flocking To Dogecoin20

Investors are betting big on Dogecoin20’s potential to join the meme coin elites, as evident by its presale that has already raised over $5 million in a fraction more than a week.

Apart from the promising speculative trade opportunity, investors may also be rushing to buy Dogecoin20’s token, DOGE20, during its ICO to gain access to the 196% annual return currently on offer through its staking program.  

Anyone that wants to get in on this meme coin with virtually unlimited potential can do so by navigating to Dogecoin20’s official website.

Once there, investors will need to connect their Web3 wallets to the platform. Tokens can then be purchased using either ETH, BNB, USDT or bank card.

DOGE20 can be purchased here.

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