The Pepe price pumped 4% to trade for $0.00000786 as of 01:18 a.m. EST time.
Trading volume is up 20% with PEPE trending on CoinMarketCap alongside Fecth.ai (FET) as a top sector performers for meme coins and AI tokens respectively. This is hugely attributed to the strength seen in the Bitcoin (BTC) price, which continues to hold well above the $69,000 threshold.
🔥 Top 10 Trending Projects of the Day
1. $FET
2. $MEMEAI
3. $PEPE
4. $EGGY
5. $ONDO
6. $REI
7. $RIO
8. $VLX
9. $OCEAN
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If the Bitcoin price extends north, the Pepe price could also respond in kind, with more gains. Nevertheless, many traders and analysts are watching from the sidelines with a bias for shorts in the BTC market.
For the Pepe price, this bias is reflected in the price consolidating within an ascending or rising wedge pattern. A rising wedge in an uptrend is usually considered a reversal pattern. This pattern is at the end of a bullish wave, by creating close price tops, showing that the supply has intensified and there is a possibility of a trend change.
This technical formation is a bearish chart pattern found at the end of an upward trend and suggests a potential reversal in the trend.
Pepe Price Prediction As PEPE Consolidates In A Bearish Technical Formation
The Pepe price has consolidated along the 50% Fibonacci placeholder at $0.00000791 for weeks now. With a standing horizontal resistance at $0.00000950 and support due to an ascending trendline, the Pepe price action has consolidated within an ascending wedge pattern.
This technical formation precipitates a reversal, with the technical indicators already leaning in favor of the downside. For starters, the Relative Strength Index (RSI) appears subdued, flirting with a crossover below its signal line. This bearish crossover is often interpreted as a sell signal.
The histograms of both the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) are also flashing red as they edge toward negative territory. This points to a growing bearish trend.
Increased selling pressure could see the Pepe price drop below the ascending trendline, with possible support found at $0.00000656. If the Pepe price tests this support level, it is likely to move below it for a liquidity sweep before the next leg up.
In a dire case where the bulls fail to stage a comeback the Pepe price could extend the fall to the bottom of the market range at $0.00000493. Such a move would constitute a fall of about 37% below current levels.
TradingView: PEPE/USDT 12-hour chart
On the other hand, if the bulls increase their buying pressure, the Pepe price could extend the gains to the $0.00000950 resistance level. In a highly bullish case, the gains could extrapolate to the peak of the market range at $0.00001089. This would denote a climb of around 38% above current levels.
Meanwhile, as the Pepe price readies for a breakdown, investor attention has shifted to DOGE20, which is giving investors one last buying opportunity before the price explodes.
Promising Alternative To PEPE
Meme coin prices are on the rise again with the Bitcoin price showing strength. According to Crypto Gains, Dogecoin20 stands out as one of the hottest meme coins in the market right now. Investors have a final opportunity to join Dogecoin20’s presale before its DEX launch on April 20, with the project already raising over $10 million and the presale tokens selling out.
Dogecoin20 aims to be the improved version of Dogecoin, addressing its weaknesses and offering a fresh opportunity for those who missed out before. Not surprisingly, it has swiftly depleted its presale tokens, showing strong demand for the meme coin.
Dogecoin20 brings on-chain staking to the Dogecoin ecosystem, providing passive income options for regular investors. Even those who bought during the presale can stake their coins and start earning rewards, currently at an annual percentage yield (APY) of 84%.
Fans of meme coins have designated April 20 as International Doge Day, leading to an annual surge in interest for meme coins around this time. This date holds significance because it is believed to be Elon Musk’s favorite day.
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Dogecoin20 Tokenomics
Dogecoin20 has a fixed token supply, capped at a maximum of 140 billion tokens. This helps address inflation concerns while at the same time boosting investor confidence. The project’s whitepaper lays out a transparent distribution plan, focusing on fairness and community involvement. 25% of the token supply is reserved for the presale, ensuring fair access for early backers.
Another 25% is for marketing efforts, with 15% earmarked for staking rewards to encourage token usage. Additionally, 10% is set aside to provide liquidity on decentralized exchanges, making trading smoother. The remaining quarter is allocated to the project’s treasury, ensuring long-term sustainability and securing funds for future needs. Moreover, as an ERC-20 token, Dogecoin20 is compatible with various Ethereum-based wallets and platforms, making it easy for newcomers to engage in token transactions.
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With presale tokens now sold out after reaching the $10 million hard cap, the potential for exponential growth post-launch is undeniable, with experts such as Crypto YouTuber Jacob Bury anticipating 100X growth.
DOGE20 is selling for just $0.00022 and can be bought using ETH, USDT, or bank card. BNB is also available as a payment option for investors who do not avoid high Ethereum network fees.
Interested investors should act quickly because the last chance to buy may end at any moment.
Visit and buy DOGE20 here.
Also Read:
- Crypto Gains Dogecoin20 Presale Review – Last Chance to Buy Before $DOGE20 Claim and Launch
- TodayTrader’s on the Lookout for the Next 100x Meme Coin to Invest in – Could This Be Dogecoin20?
- Top 3 Crypto Presales to Watch for Potential 10x-15x Gains – Bitcoin Minetrix, Dogecoin20, and Green Bitcoin
- Austin Hilton Presale Review of Greener Version of Dogecoin with Staking Rewards – Dogecoin20