Pepe Price Prediction: PEPE is up 4%, but investors are flocking to this 2.0 Dogecoin for parabolic gains.

adminApril 9, 2024

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pepe price pumping It’s up more than 4% in the past 24 hours as investors buy the meme coin, trading at $0.000007668 as of 2:05 a.m. ET.

PEPE’s latest gains come as the overall meme coin market rose 1% over the same period, reaching a market capitalization of $63.8 billion, according to CoinMarketCap..

Pepe price is rejected by resistance

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

that much pepe The price was rejected by the $0.00000791 resistance level in the last 24 hours, which took the meme coin out of the short-term positive price channel that also formed on the chart. If the cryptocurrency fails to close a 4-hour candle above this threshold within the next 12 hours, it may risk testing the immediate support level of $0.00000693 within the next 48 hours. Once PEPE reaches this point, continued selling pressure could push PEPE down to the next point at $0.00000623.

On the other hand, the bearish argument could be invalidated if Pepe Price closes a 4-hour candle above $0.00000791 within the next 12 hours. PEPE may then try to re-enter the rising price channel, which may lead it to challenge the $0.00000859 barrier in the near term.

Tech experts warn Bears could control Pepe price.

Technical indicators on the PEPE 4-hour chart remain bullish despite the recent rejection. However, from a technical perspective, the positive momentum of meme coins has decreased noticeably. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both potentially on the verge of triggering major bearish technical signals.

Buyers still have a slight advantage over sellers, which is indicated by the position of the RSI line above the simple moving average (SMA) line on the 4-hour chart. However, if the former breaks down towards the latter, we warn that the bears could soon take over the Pepe price. This can be seen when the RSI line crosses below the SMA line.

meantime, PEPE’s Positive momentum also appears to have peaked and has since cooled. The MACD line breaking towards the MACD signal line confirms this. These two lines crossing over the coming days could indicate a change in momentum in favor of the bears.

PEPE’s recent rejection could be a result of several traders profiting from the meme coin’s rise. If they have spare cash, these traders are likely to allocate their funds to other cryptocurrencies with higher growth potential.

With less than two weeks left until launch, Dogecoin 20 Meme Coin could be a major recipient of this capital as it represents the first major upgrade to the DOGE brand and its underlying technology.

Continuing the legacy of the original Meme Coin

Since its launch in December 2013, Dogecoin has seen a rapid rise and has become the largest meme coin by market capitalization. Its dedicated community of loyal followers and upbeat personality have inspired a cultural movement within the cryptocurrency space and formed the basis of the meme coin sector.

However, Dogecoin’s original developers abandoned the meme coin shortly after launch. This is one of the main reasons why the original meme coin was never really developed from a technical standpoint.

Dogecoin20, which has raised more than $10 million much earlier than its developers expected, is looking to modernize the beloved cryptocurrency with a series of much-needed upgrades.

$10 Million Raised and Counting: Why is Dogecoin20 trending ahead of Doge Day? https://t.co/Op6F4Gbeol
— John Morgan (@johnmorganFL) April 1, 2024

The most notable difference between Dogecoin and Dogecoin20 is that the new meme coin is being launched on the Ethereum network, which relies on proof-of-stake consensus.

Not only is this more environmentally friendly than the proof-of-work mechanism used by Dogecoin, but it also allows Dogecoin20 (DOGE) holders to stake their tokens through a native solution. By staking tokens, investors cann 51% annual return, 55.3 billion tokens already staked.

Dogecoin20 also has a fixed supply, while its predecessor, Dogecoin, does not. According to the team, this has hindered Dogecoin’s growth potential and is why DOGE has never surpassed $1 despite the large following it has amassed over the years.

Last chance to purchase before launch

Considering the success of the Dogecoin20 pre-sale, the Meme Coin team decided to give investors one last chance to purchase the cryptocurrency before launch. Investors who purchased MEM Coins during the current pre-sale phase will be able to claim their tokens on April 20, which also happens to be International Doge’s Day.

This historic day has led to DOGE price surges in the past. Now, investors are bracing for a potential explosion in the price of Dogecoin20 as the meme coin attempts to continue DOGE’s legacy.

Anyone interested in purchasing DOGE20 before its release can do so on the project website. DOGE20 tokens sell for $0.00022 each and can be purchased using ETH, USDT, BNB or bank cards.

DOGE20 can be purchased here.

SMOG – Meme Coin with Rewards