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The Pepe price dropped 4% in the last 24 hours to trade at $0.00000833 as of 11:49 p.m. EST on trading volume that rose 17% to $548 million.
This comes despite the price being up 44% in the last month, boosted by Coinbase launching PEPE perpetual futures trading on its platform.
Pepe Price Aiming For A Breakout Above The Bullish Pennant
GeckoTerminal data shows the Pepe price has been on a steady rise since mid-April to the resistance around $0.00000814 before retracing to the $0.00000703 support, forming a cup and handle pattern.
However, PEPE negated all the bullish signs at this level as it went down below the neckline to the support level around $0.000006011, which acted as a cushion against downward pressure. The bulls then used this support to push the price up, as PEPE rallied to the resistance around $0.00000899.
PEPE has been trading within this range, forming a bullish pennant. The bulls are aiming to push the price above, aiming for a breakout to record new highs.
PEPE is trading above the 200-day Simple Moving Average (SMA), a confirmation of the bullish potential to the upside. If the stance continues, PEPE will surpass the 50-day SMA hurdle at $0.000008421, further cementing the bullish sentiments.
Moreover, the Relative Strength Index (RSI) trades at 45, around the 50-midline level, as it heads down, coinciding with the current price retrace.
Pepe Price Prediction
GeckoTerminal data indicates that the Pepe price is set for a price breakout above the bullish pennant pattern, with the bulls aiming for prices above $0.0000105.
However, the RSI is heading down towards the 30-oversold levels. If this trend continues, PEPE will retrace further to the support zone around $0.000007030, which coincides with the 200-day SMA.
Meanwhile, as the PEPE bulls gear up for a breakout above the pennant, some meme coin enthusiasts are diversifying their portfolios with Dogeverse, a Dogecoin derivative ICO that aims to follow the same trail to the top of the meme coin rankings as titans like Dogecoin and Shiba Inu.
Multi-Chain Meme Coin, Dogeverse, Offers Investors Last Chance To Buy
Dogeverse (DOGEVERSE), the world’s first chain-traveling DOGE, has been making waves in the crypto community, having raised more than $15 million in its presale.
Get on the degen train before it rides into the wrong #Wormhole!#DOGE #Memecoins #Altcoins #Solana #Base #Ethereum
— DogeVerse (@The_DogeVerse) May 6, 2024
The crypto’s latest Shiba Inu-inspired meme coin exists on multiple chains, which makes it possible for investors to purchase on Ethereum, BNB Smart Chain, Polygon, Avalanche, Base, and Solana.
Cosmo the Doge, the project’s mascot, has the ability to hyperjump between crypto networks, which gives Dogeverse the ability to move across chains, making the token widely accessible within the crypto realm and also increasing its utility.
🌐 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
Token holders can also stake their $DOGEVERSE on Ethereum to earn passive rewards. The project offers an annual percentage yield (APY) of 62%.
According to Jacob Bury, a prominent crypto YouTuber, Dogeverse has the potential to surge 100x after launch.
You can participate in the presale by buying $DOGEVERSE for $0.00031 per token. Buy soon, though, before the team launches the token on major exchanges.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
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