Pepe Price Prediction: PEPE Drops 5% As Experts Say This Multi-Chain Dogecoin Derivative Could Be The Best Meme Coin To Buy Now

The Pepe price plummeted over 5% within the last 24 hours, trading at $0.000008183 as of 12:50 a.m. EST.

PEPE's decline mirrored the broader slump in the meme coin sector, with its market cap dropping by more than 3%.

The Pepe Price May Soon Test Support

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

Over the past 48 hours, the Pepe price has been consolidating within a range of $0.00000782 and $0.00000917. However, sellers are currently pressuring the crypto, potentially leading to a test of the lower boundary of this channel soon.

If PEPE falls below $0.00000782 within the next 24 hours, it could face further short-term declines. This could push the Pepe price down to as low as $0.00000670.

Conversely, maintaining a position above $0.00000782 for the next 24 hours could invalidate this bearish thesis. In this scenario, the crypto could potentially enter a positive trajectory.

Traders may consider a sustained position above $0.00000782 as a long entry point, potentially pushing the Pepe price up to $0.00000917. If the meme coin faces continued sell pressure at this technical barrier, it could overcome the resistance and rise to as high as $0.00001086.

Technical Indicators Suggest Further Pepe Price Declines

Technical indicators on PEPE's 4-hour chart suggest that the price may continue to fall. Specifically, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are signaling bearishness.

On the 4-hour chart, sellers hold the upper hand, as indicated by the RSI line falling below its Simple Moving Average (SMA) line. Additionally, the RSI is breaking away below the SMA, suggesting that bears are gaining strength.

Sellers have used their newfound advantage to push PEPE into a negative trend, as indicated by the MACD indicator. Currently, the MACD is positioned below the MACD Signal line. Traders often interpret this as a sign of a crypto's bearish cycle.

Similar to the RSI and SMA, the MACD is also breaking away below the MACD Signal line on the 4-hour chart. This technical occurrence could indicate that PEPE's bearish momentum shows no signs of abating.

While PEPE's performance may raise concerns about waning investor interest in meme coins, the emergence of Dogeverse (DOGEVERSE), a promising Dogecoin derivative, suggests that the recent slump may be temporary.

A Meme Coin With Multi-Chain Utility

Dogeverse is the first meme coin deployed on multiple chains, allowing investors to seamlessly transfer value across different blockchain networks without the need to convert their DOGEVERSE holdings.

By enabling transactions on multiple chains, investors can participate in various DeFi protocols on some of the most liquid and active networks in the Web3 space, including BNB Chain, Solana, Avalanche, Ethereum, Polygon, and the layer 2 Base blockchain.

Why limit yourself to one when you can have it all? $DOGEVERSE begins on the secure #Ethereum network, ensuring robust security and reliability. 🛡️💻

🔥 Bridging gaps between #Cryptocurrency ecosystems, we enhance liquidity, utility, and fun across the entire #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry

— DogeVerse (@The_DogeVerse) May 3, 2024

The Dogeverse ecosystem also features an attractive staking program that offers early investors annual rewards of up to 75%. This allows token holders to earn passive on-chain rewards without leaving the Dogeverse ecosystem.

Offering Investors a Final Chance to Buy

Dogeverse has raised over $13 million through its presale and is now offering a final opportunity to purchase before listing.

An analyst from the 99Bitcoins YouTube channel recently identified DOGEVERSE as one of the top meme coins to invest in during May.

Individuals interested in acquiring the token at this early stage should act quickly, as the presale could end at any time.

Dogeverse can be purchased using ETH, BNB, MATIC, AVAX, BASE, SOL, USDT, or a bank card.

Purchase and stake DOGEVERSE for up to 75% in annual rewards here.

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