Pepe price plunged 6% as investors focused on chain-hopping Dogeverse ICO for parabolic potential.

pepe price sudden drop The meme coin has risen more than 6% in the past 24 hours as some investors have sold their holdings into the meme coin, which is trading at $0.00001023 as of 12:55 a.m. ET.

PEPE’s latest loss marks a break from its bullish trend over the past month. In the past 30 days, the cryptocurrency has risen 113%, more than doubling its value.

Pepe Price loses key support.

PEPE/USD 4-hour chart (Source: gecko terminal)

that much pepe The price has fallen below the key support level at $0.00001105 in the last 24 hours. Sellers also attempted to push the price of the altcoin below the $0.00000982 support line, but the bulls were able to defend the mark.

With the Pepe price stabilizing over the past few hours, buyers may identify the current level as a buying entry and sellers will continue to apply pressure on the meme coin.

If the bulls enter the PEPE chart in the next 12 hours, the cryptocurrency may attempt to reclaim the $0.00001105 support. A 4-hour candle close to this threshold could give the meme coin the base it needs to continue its rise, potentially reaching $0.00001228.

On the other hand, if bears continue to dump PEPE, the price may fall below the $0.00000982 support in the near term. There is then a risk that the Pepe price will fall to subsequent points of $0.00000842 in the next 24-48 hours.

Technicians suggest Pepe price remains risky.

Technical indicators on PEPE’s 4-hour chart warn that meme coins are currently in the hands of sellers, who have an advantage over buyers. Both Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) suggest that Pepe price may continue to fall.

RSI has been showing a negative slope over the last 24 hours. Traders typically see this as a sign that buyer power is waning. Moreover, RSI is still tilted towards oversold, which could mean that this trend shows no signs of slowing down.

Meanwhile, a key bearish technical signal was triggered by the MACD indicator on the 4-hours chart. This means that throughout the last trading day, the MACD crossed below the MACD signal line, signaling the end of PEPE’s positive cycle and the beginning of a new bearish phase.

with pepe The overwhelming pressure of the downtrend has led some investors to launch a multi-chain Dogecoin derivative called Dogeverse (dozer bus) Potential parabolic gains as launch approaches following explosive pre-sales that raised more than $15 million.

The first chain travel meme coin

Dogeverse is the first meme coin to reside on multiple blockchains, aligning perfectly with the Web3 industry’s efforts to further improve interoperability in the cryptocurrency space.

Inspired by Dogecoin, Dogeverse allows investors to travel across multiple chains to find the best decentralized yield opportunities. This includes DeFi protocols from highly liquid and active networks such as Avalanche, Polygon, Solana, BNB Chain, Ethereum, and the layer 2 network Base.

Why limit yourself to just one when you can have it all? $DOGEVERSE starts with security. #Ethereum It guarantees strong security and reliability. 🛡️💻

🔥 Bridging the gap between #Cryptocurrency Improves liquidity, usability, and fun across the ecosystem. #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry

— DogeVerse (@The_DogeVerse) May 3, 2024

Given the native staking solutions embedded within the Ethereum network’s Dogeverse ecosystem, investors won’t have to go far to increase their holdings in the DeFi space. With an annualized return of 56%, token holders and investors will be hard-pressed to find a more competitive staking opportunity.

Whales join the feeding frenzy

Whales are gobbling up DOGEVERSE too, with one particular large investor recently purchasing $183,000 of DOGEVERSE using ETH.

YouTuber Jacob Crypto Bury says DOGEVERSE has the potential to generate 100x returns for investors after launch.

Anyone looking to purchase meme coins at this early stage still has time. But considering Dogeverse’s launch is just around the corner, investors will have to hurry. To take advantage of the last opportunity to purchase MEM Coins through the ICO, investors can browse the project website.

Once you get there, you can use the simple buy widget included on the site to purchase DOGEVERSE, which sells for $0.00031. Due to its multi-chain nature, you can purchase cryptocurrencies using BNB, AVAX, SOL, ETH, MATIC or BASE. USDT and bank cards are also available as options.

It is important to remember that amazing staking opportunities only exist on the Ethereum chain. Therefore, investors must purchase DOGEVERSE using ETH to be able to lock up tokens for these rewards.

Buy and stake Dogeverse here and you can receive up to 56% in annual rewards.

Related articles:

Dogeverse – Multichain Meme Coin

• Early access presale is live now.
• Bridge to Solana, base, BNB chain, polygon, avalanche
• Staking Rewards – thedogeverse.com
• Trade with low fees
• World’s first chain travel governor – Cosmo