The Pepe price surged 6% in the last 24 hours, trading at $0.00000695 as of 02:39 a.m. EST, with trading volume soaring 7% to $1 billion.
This surge follows the market's recovery from a recent crypto crash, which saw BTC dip below $60,000. Pepe (PEPE) and Dogwifhat (WIF) emerged as the top gainers, with WIF rising 15% in the past 24 hours.
Pepe Price Poised for a Rebound, Aiming to Breach Channel Down's Upper Boundary
PEPEUSD Chart Analysis Source: Tradingview.com
Pepe's price has been trending downward since mid-March, fluctuating within the resistance level of $0.00000799.
April saw a significant drop to the support level of $0.00000446, with price movements forming a head-and-shoulders pattern.
However, the bears countered the bullish prospects, driving the price within the channel down pattern. The support of around $0.00000598 has enabled the bulls to push the price higher, aiming to propel PEPE over the channel down's upper boundary.
Currently trading above the 200-day Simple Moving Average (SMA), PEPE confirms its long-term bullish trend. Continued momentum could lead PEPE to surpass the 50-day SMA at $0.00000719.
The Relative Strength Index (RSI) is also trending upwards, currently at 51. Sustained buying could push the RSI into the overbought zone of 70, indicating continued investor optimism.
Pepe Price Prediction
Pepe's price analysis suggests a sustained breakout, with the bulls targeting $0.0000090. RSI's upward trajectory and the golden cross at $0.00000682 provide support for this prediction.
However, if the bears regain control, Pepe could retrace back to $0.00000533, acting as a cushion against downward pressure.
Dogeverse: A Promising 100X Gem?
As Pepe's price surges, investors are also flocking to Dogeverse (DOGEVERSE), a meme coin in presale that has raised over $13 million in less than a month.
Crypto analysts like Jacob Bury believe Dogeverse has the potential to soar 100X upon launch.
Dogeverse is the world's first chain-traveling Doge, designed for seamless operations across multiple blockchains. Investors can purchase tokens on Ethereum, BNB Smart Chain, Polygon, Avalanche, Base, and Solana.
Cosmo the Doge, the project's mascot, can hyperjump between crypto networks, giving Dogeverse cross-chain accessibility and enhancing its utility within the crypto space.
The project also offers dynamic staking with an impressive 85% annual percentage yield (APY).
Participate in the presale by purchasing $DOGEVERSE for $0.000305 per token. Act quickly, as a price hike is expected in less than 23 hours.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
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