Pepe Price Prediction as PEPE Pumps 4% and Investors Rush to Buy New Dogecoin Derivative Dogeverse Ahead of Launch

adminMay 10, 2024

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Pepe prices are up 4% in the last 24 hours. Traded for $0.00000866 As of 2:10 a.m. ET, trading volume was up 8% to $831 million.

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

Pepe Price is ready for a breakout beyond the bullish pennant pattern.

PEPE price chart analysis Source: Geckoterminal.com — PEPEUSD Chart Analysis Source: Geckoterminal.com

According to GeckoTerminal, Pepe prices have been declining since late April and early May, rising 16% over the past 14 days. This surge could be due to Coinbase’s launch of PEPE perpetual futures.

However, PEPE reached the $0.000009123 resistance and failed to recover. Price movement within this range resulted in the formation of a bullish pennant pattern. This is because bulls aim to break resistance and push the price to higher levels.

PEPE is trading above its 50-day and 200-day simple moving averages (SMAs), confirming its long-term bullish potential.

The Relative Strength Index (RSI) reading shows strong buying pressure as the RSI rebounds from oversold levels and moves higher, trading at 61. Continued bullish momentum could push RSI above 70 overbought territory, indicating continued investor optimism.

Moreover, the moving average convergence divergence (MACD) is also bullish. The blue MACD line crosses above the orange signal line, indicating a bullish crossover. A bullish crossover often signals that a bullish rally is coming because it encourages investors to buy more.

The green bar in the histogram also extends beyond the neutral line, indicating that PEPE is showing positive momentum. The Average Directional Index (ADX) also supports this sentiment by moving north from 21, indicating an increasing bullish trend.

Pepe price prediction

Pepe price analysis on the 4-hour chart indicates that bullish sentiment is increasing as the bulls aim to push PEPE above the upper limit of the bullish pennant pattern.

Major indicators including RSI, MACD, and ADX indicate positive upward price movement, which could trigger a bullish rally with a new ATH target above $0.0000107.

Investors are also looking to capitalize on the golden cross formed at $0.000006862.

In the opposite scenario, bears could start booking profits from the recent surge, which could push the price down to the next support area around $0.000006922, in line with the 200-day SMA.

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

Dogeverse, a multi-chain meme coin, offers investors one last chance to buy

Dogeverse (DOGEVERSE), the world’s first chain-moving Doge, is making waves after raising over $13 million in pre-sales. The project is now giving investors one last chance to buy as it prepares for launch.

🚀 We did it! $13 million. 🤯
$DOGEVERSE first #viceroy #Ticketing Spanning #Ethereum, #BNB chain, #polygon, #Solana, #avalancheand #Base…and it’s showing!
Cosmo is wagging his tail in gratitude, and so are we! 🌍🐕
that much #Ticketing Still in progress 🎉 #MemeCoinSeason pic.twitter.com/GIUWSBCYcH
— DogeVerse (@The_DogeVerse) May 2, 2024

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

🌐 Embrace inclusive accessibility! 🚀
$DOGEVERSE opens its doors to a broad audience including: #Ethereum Enthusiasts who prefer fast and cost-effective benefits #Solana or #polygon, fostering diverse and inclusive communities. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024

The project’s mascot, Cosmo the Doge, is capable of hyperjumping between cryptocurrency networks, giving Dogeverse cross-chain transfer capabilities, making tokens widely accessible within the cryptocurrency space.

Holders have the opportunity to earn passively through the platform’s staking system, which boasts a 69% Annual Percentage Yield (APY).

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

The price of $DOGEVERSE tokens is $0.00031 each. If you want to participate in the project, buy it quickly before it is listed on major exchanges.

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