Pepe Price Prediction As PEPE Plunges 7% And Experts Say This Base Meme Coin Might 100X – Next Brett?

Pepe Price Correction: Investors Book Profits

In the last 24 hours, the Pepe price has plunged over 7%, trading at $0.00001167 as of 12:00 a.m. EST. This decline can be attributed to investors selling their holdings in the meme coin.

Over the past week, PEPE has experienced a 20% drop in value. However, its gain over the last month remains intact, with the crypto still up over 36%.

Pepe Breaks Critical Support

The Pepe price breached the $0.00001272 support level during the previous trading day and continues to trade below this key price point. Failure to close a 4-hour candle above this mark within the next 24 hours could trigger a further decline to the next support at $0.00000936.

Continued sell-off could result in PEPE falling as low as $0.00000722 in the short term. However, this bearish scenario could be invalidated if the price rebounds above $0.00001272.

Technical Indicators Suggest Downward Trend

Technical indicators on PEPE's 4-hour chart hint at a continued decline in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are bearish.

The MACD is on the verge of forming a bearish signal, with the MACD line crossing below the MACD Signal line. Sellers are also dominating buyers, as evidenced by the RSI value below 50.

Investors Flock to Base Dawgz

Amidst the selling pressure on PEPE, investors have shifted their attention to the new meme coin, Base Dawgz (DAWGZ). DAWGZ aims to capitalize on the hype surrounding meme coins and layer-2 blockchain projects like Base.

Unlike most meme coins, DAWGZ has a presence on multiple chains, including Base, Ethereum, BNB Chain, Avalanche, and Solana. It also utilizes cross-chain technology for secure value transfer.

DAWGZ's community-driven approach includes a social airdrop campaign and a refer-to-earn program. The token's cross-chain capabilities and social element have attracted the attention of crypto influencers like Jacob Bury, who considers DAWGZ a potential 100x opportunity.

Investors have already invested heavily in DAWGZ, with over $919k raised in its ICO and $200k raised in the presale within minutes of launch. Early investors can purchase DAWGZ through the project's official website using ETH, BASE, BNB, SOL, or AVAX.