Pepe Price Prediction: PEPE Soars 42% In A Week, But Investors Are Rushing To Buy This Dogecoin Derivative Before Time Runs Out

The Pepe price soared more than 42% in the past week despite a more than 4% slide in the last 24 hours to trade at $0.00001579 as of 12:50 a.m.

PEPE’s strong performance led to the meme coin establishing a new all-time high at $0.00001718, and at one point it briefly flipped Polygon (MATIC) to become the 18th-biggest crypto by market capitalization. MATIC has since regained the 18th spot.

The Pepe Price Forms A New Resistance

4-hour chart for PEPE/USD (Source: GeckoTerminal)

The Pepe price was able to overcome the $0.00001528 resistance level over the past 24 hours. Following the break above this threshold, the meme coin climbed to its new all-time high over the past 24 hours. It has since retraced, forming a new price barrier at $0.00001761 as a result.

Traders were quick to take profit from PEPE’s latest price surge. With sellers still exerting pressure on the Pepe price, the meme coin is now testing the aforementioned $0.00001528 mark.

Falling below this technical crutch in the coming 12 hours could put the crypto at risk of falling to the next key level at $0.00001276 in the following 24 hours. Continued sell pressure should the meme coin drop to this price point might lead to PEPE plummeting to as low as $0.00000950 in the short term.

This bearish thesis could be invalidated if the Pepe price is able to sustain a position above $0.00001528 for the next 24 hours. In this alternative scenario, PEPE might rebound off of the crucial level and enter into another bullish move.

Bears Could Overpower Bulls To Take Control Of The Pepe Price

Technical indicators on PEPE’s 4-hour chart show that buyers are losing strength, giving bears an opportunity to potentially regain control of the Pepe price. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bearish signs.

Over the past 24 hours, the RSI line has dropped from a peak of 70.49 to its current level just above 55. Although an RSI value above 50 indicates bullish strength, the decrease in the technical indicator’s value warns that bears are attempting to overthrow bulls.

Meanwhile, the MACD line broke below the MACD Signal line. Traders usually identify this as a sign that a crypto has entered a negative phase. If the RSI value drops below 50 and the MACD line breaks away below the MACD Signal line, traders might start to enter short positions in the meme coin.

This additional sell pressure could force the Pepe price below the $0.00001528 mark, potentially opening up the risk of it dropping further in the upcoming 24 hours.

As bears try to overpower bulls on PEPE’s charts, traders might consider pivoting to Dogeverse (DOGEVERSE) for potentially parabolic gains as the new meme coin gets ready to launch.

A Pioneering Meme Coin

Dogeverse is unlike any other meme coin that has come before it as the first light-hearted crypto to reside on multiple blockchain networks. This is part of the broader crypto industry trend to make blockchain networks and projects more interoperable.

Being the first meme coin with a cross-chain presence, Dogeverse allows its investors to transfer value across networks including Solana, Ethereum, BNB Chain, Polygon, Avalanche and Base with ease.

This gives investors and token holders the ability to take part in numerous DeFi yield-generating opportunities as soon as they present themselves.

Dogeverse’s high levels of utility caught the attention of crypto YouTuber Jacob Bury. In a recent video, he told his 39.3k subscribers that Dogeverse could generate 100x returns for investors.

In addition to its growth potential, Dogeverse is also offering ICO investors a lucrative staking program with a 47% APY.

Last Chance To Buy Before A Potential Explosion

Time is running out for investors to get in on the ground stages of Dogeverse, with just six days left before the meme coin’s ICO ends. To date, over $15 million has been poured into DOGEVERSE to make it one of the best-performing presales this year.

Get ready to blast off with Cosmo! 🚀🌀

⏳ #Presale ends on June 3rd at 10 AM UTC!

🌐 Claim launches on June 5th at 10 AM UTC!

This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch! 🌌

Don’t miss out! The clock is ticking! 📣… pic.twitter.com/QwpzWcm947

— DogeVerse (@The_DogeVerse) May 23, 2024

Selling for $0.00031, the meme coin can be bought using a variety of cryptos. These include SOL, AVAX, BNB, MATIC, ETH, BASE and USDT. Alternatively a bank card can also be used to acquire the token.

Purchase DOGEVERSE here before its official launch.

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