The Pepe Price Pumps 4% As Investors Rush To Buy New Dogecoin Derivative Dogeverse Before Launch

The Pepe price rose 4% in the last 24 hours to trade at $0.00000866 as of 02:10 a.m. EST on trading volume that rose 8% to $831 million.

This comes as the meme coin market bounces back, climbing 3% to reach a $52 billion market capitalization, with top titans Dogecoin and Shiba Inu rising 3% in the last 24 hours.

Pepe Price Poised For A Breakout Over The Bullish Pennant Pattern

PEPEUSD Chart Analysis Source: Geckoterminal.com

According to GeckoTerminal, the Pepe price has been on a tear since the end of April and through the beginning of May, with a 16% increase in the last 14 days. This surge may have been due to the launch of PEPE Perpetual futures on Coinbase.

However, PEPE hit the $0.000009123 resistance, which it has not been able to reclaim. The price movements within this range have resulted in the formation of a bullish pennant pattern, as the bulls aim to breach the resistance, possibly propelling the price to higher levels.

PEPE is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the long-term bullish potential.

The reading on the Relative Strength Index (RSI) shows intense buying pressure, as the RSI rebounds from the oversold levels to trade at 61 as it climbs up. A sustained bullish momentum could see the RSI cross the 70-overbought region, signaling continued investor optimism.

Moreover, the Moving Average Convergence Divergence (MACD) is also bullish, as the blue MACD line crosses above the orange signal line, representing a bullish crossover. A bullish crossover often indicates a looming bullish rally, as it encourages investors to buy more.

The green bars on the histogram also extend beyond the neutral line, which is an indication that PEPE is on a positive momentum. The Average Directional Index (ADX) also supports this sentiment, as it moves to the north at 21, signaling an increasing bullish trend.

Pepe Price Prediction

The Pepe price Analysis on the 4-hour chart indicates an increasing bullish sentiment, as the bulls aim to push PEPE over the upper boundary of the bullish pennant pattern.

Major indicators, including the RSI, MACD, and ADX indicate positive price movements to the upside, which could trigger a bullish rally, with the target set for a new ATH above $0.0000107.

Additionally, investors are also looking to capitalize on the golden cross formed at $0.000006862.

In an inverse scenario, the bears could start booking profits from the recent surge, which could drive the price down to the next support zone around $0.000006922, coinciding with the 200-day SMA.

Meanwhile, as the PEPE price soars, many traders are pivoting to Dogeverse, a meme coin that aims to emulate and surpass the success of dog-themed meme coin giants like DOGE and SHIB.

Multi-Chain Meme Coin, Dogeverse, Offers Investors Last Chance To Buy

Dogeverse (DOGEVERSE) is the world’s first chain-traveling Doge, which is making waves after raising more than $13 million in its presale. The project is now offering investors a last chance to buy as it gears up for launch.

🚀 We Did It! $13 Million. 🤯

$DOGEVERSE the first #Doge #Presale spanning #Ethereum, #BNB Chain, #Polygon, #Solana, #Avalanche, and #Base…and it's showing!

Cosmo is wagging his tail in appreciation, and so are we! 🌍🐕

The #Presale is still ongoing 💥 #MemeCoinSeason pic.twitter.com/GIUWSBCYcH

— DogeVerse (@The_DogeVerse) May 2, 2024

Dogeverse boasts unique technology that lets it operate across six of the most popular and advanced blockchains simultaneously: Ethereum, Solana, BNB Chain, Avalanche, Polygon, and Base.

🌐 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

The project’s mascot, Cosmo the Doge, can hyperjump between crypto networks, giving Dogeverse the ability to move across chains, making the token widely accessible within the crypto realm.

Holders have the opportunity to earn passively through the platform’s staking system which has an impressive 69% annual percentage yield (APY).

According to Jacob Bury, a prominent crypto YouTuber, Dogeverse has the potential to explode 100X after launch.

$DOGEVERSE tokens are priced at $0.00031 each. If you are eager to join the project, buy soon before it lists on major exchanges.

Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.

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Source: https://thebittimes.com/the-pepe-price-pumps-4-as-investors-rush-to-buy-new-dogecoin-derivative-dogeverse-before-launch-tbt87943.html