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The Pepe price surged over 6% in the last 24 hours to trade at $0.00001457 as of 12:55 a.m. EST as investors go long on the frog-themed meme coin.
PEPE also hit a new all-time high (ATH) of $0.00001535. It has soared 37% in the past week and 75% in a month to recapture its position as the third-largest meme coin by market capitalization from Dogwifhat (WIF).
The Pepe Price Returns To Consolidation
4-hour chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price has been in a consolidation between $0.00001271 and $0.00001528 over the past couple of days. In the last 24 hours, the meme coin attempted to break out above this range and ended up reaching its new ATH.. However, sellers were quick to realize their profits to force PEPE back within the sideways channel.
With PEPE consolidating, bulls will either try to push the Pepe price higher in the coming 24 hours, or bears will start to exert sell pressure on the altcoin. Should buyers decide to boost the Pepe price, the meme coin could attempt another challenge at the $0.00001528 barrier in the upcoming 24 hours.
A 4-hour close above $0.00001528 might then give the meme coin the technical foundation needed to keep climbing. As a result, PEPE could try to reach a new ATH.
On the other hand, traders starting to dump PEPE might lead to the crypto falling below $0.00001271. Losing this key support could expose the altcoin to the risk of plummeting to the subsequent support level at $0.00000950 in the following couple of days.
If the sell pressure persists, the Pepe price could fall to as low as $0.00000677 in the short term.
Bears Will Likely Take Control Of The Pepe Price Soon
Technical indicators on PEPE’s 4-hour chart suggest a bearish scenario is more likely to play out in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) warn of a potential correction.
The MACD line is looking to cross below the MACD Signal line. This particular technical occurrence is usually seen as an indication that a crypto is near the end of a bullish cycle. A cross between these two lines in the coming 12 hours could confirm that PEPE has entered a bearish phase.
Meanwhile, the RSI has gradually dropped throughout the past 48 hours, which could signal diminishing buyer strength. Despite losing some of their power, bulls maintain a dominant position over bears. This is evident by the current RSI value, which is above 50.
However, bulls could lose this advantage if buyers do not step in soon. Followed by a cross between the MACD and MACD Signal line, this decrease in buyer strength might lead to a correction for PEPE.
While traders start to exit their positions in PEPE, they are also flocking to Dogeverse (DOGEVERSE) with just 10 days left before its presale ends.
The First Multi-Chain Meme Coin To Hit The Market
Dogeverse is looking to capitalize on the brand of the already-established Dogecoin. However, the crypto is not relying solely on its link to the pioneering meme coin.
Backed by sophisticated cross-chain technology, Dogeverse is the first meme coin to reside on multiple blockchain networks. This gives the project a massive edge over its competitors, as it allows its token holders to seamlessly shift value across chains.
Investors can therefore take part in lucrative DeFi yield-generating opportunities on some of the most liquid and active blockchains in the Web3 space. The list of supported networks are Solana, Avalanche, Ethereum, Polygon, BNB Chain, and Base.
With this unprecedented level of utility, it’s no wonder that crypto YouTuber Jacob Bury named DOGEVERSE as one of the top meme coins to buy now.
Investors Rush To Buy DOGEVERSE With Its Launch Date Set
More than $15 million has already been sent to DOGEVERSE’s presale. Investors are likely to keep pouring money into the new meme coin, especially since the team recently announced its launch date is imminent.
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
With just 10 days left, Dogeverse is set to launch on Jun. 3 at 10 a.m. UTC. Claims will then commence two days later on Jun. 5 10 a.m. UTC.
Anyone that wants to buy the meme coin before its official launch can do so through the simple buy widget embedded on the project’s site. Selling for $0.00031, DOGEVERSE can be bought using a handful of cryptos due to the altcoin’s multi-chain nature.
SOL, AVAX, BNB, BASE, MATIC and ETH can be used to acquire the token. There is also the option to use either USDT or bank card.
Investors might want to purchase DOGEVERSE using ETH because it offers a staking program with a 52% annual yield.
Purchase and stake DOGEVERSE here before its official launch.
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Dogeverse - Multichain Meme Coin
- Early Access Presale Live Now
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- Staking Rewards - thedogeverse.com
- Trade With Low Fees
- World's First Chain Travelling Doge - Cosmo
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