Pepe Price Prediction: PEPE rises 9% as this multi-chain Dogecoin derivative heads towards $6 million.

Pepe prices have surged 9% over the past 24 hours, trading at $0.00000538 as of 1:45 a.m. ET.

The frog-themed PEPE coin appears to be following the trend of animal-themed tokens, with both dog and cat coins rising.

This comes amid speculation and anticipation about the Bitcoin halving, which is just three days away. This helps explain the influx of capital into meme coins, and another explanation in favor of PEPE is that it is the token’s birthday.

happy birthday!!!

to $PEPE We launched in your honor #Solana a few days ago. It remains strong at 50,000 mcap. Today is our month!!! we are #pepehttps://t.co/JYmbBeTcdO pic.twitter.com/GdvfBNtJSz

— BartButtons (@DegenButtons) April 17, 2024

The surge in Pepe prices does not confirm the start of an upward trend, but it is enough to pass by. This is because while Memecoin is in a downward trend to the naked eye, the price of Pepe is solidifying within a descending wedge pattern from a technical perspective.

For the layman, a falling wedge pattern is a bullish pattern that starts wide at the top and narrows as the price falls. This price movement forms a downward sloping cone as the reactive highs and reactive lows converge. A falling wedge shows that downward momentum I is decreasing, thus alerting investors and traders of a potential trend reversal. Even if selling pressure subsides, demand only wins when resistance breaks down.

Therefore, traders are advised to wait for a breakout before initiating a long position on Pepe price.

Pepe Price Prediction as PEPE Consolidates into a Bearing Wedge Pattern

Pepe price appears ready for a strong rally, but this will only happen after the Bitcoin price shows strong strength. Meanwhile, PEPE bulls are working to prepare for two major events that all have bullish fundamentals: International DOGE Day and the BTC halving.

The Relative Strength Index (RSI) is trending upward, showing that momentum is rising, but it is still in undesirable territory. As buying pressure increases, Pepe price may activate a bullish chart pattern, which is confirmed by a break above the upper boundary of the wedge, tagging the $0.00000830 blockade.

In a very bullish case, Pepe price could extend its neck higher and drop 0, breaking the $0.00001042 resistance level. Such a move would result in an upside of nearly 96% from current levels.

TradingView: PEPE/USDT 1-day chart

converse case

On the other hand, considering that the RSI is below its average of ’50’ and the Awesome Oscillator (AO) is in negative territory, it suggests that the uptrend may be delayed. Investors should probably consider RSI reversing above 50 before taking a long position.

If the price falls below the lower limit, bearish acquisitions may follow. This could see the Pepe price take a step lower to the $0.00000400 psychological level.

Meanwhile, with the market closely watching International DOGE Day, all capital inflows related to Dogecoin are increasing, and the first to kick off is the DOGEVERSE token pre-sale.

A promising alternative to Pepe

DOGEVERSE powers the Dogeverse ecosystem, a project that introduces diverse stories where users enjoy multi-chain assets with the benefits of interoperability. This is not common in the meme coin niche.

Benefits of $DOGEVERSE #Ethereum Chain!🌐

1️⃣ Ultimate Security – Trust ETH’s powerful network for safe transactions.

2️⃣ Wide compatibility – $DOGEVERSE tokens can be easily used on a variety of wallets and exchanges.

Move towards the future #memecoin utility #DOGEVERSE!🐕 pic.twitter.com/zal55eyOhP

— DogeVerse (@The_DogeVerse) April 16, 2024

The multi-chain distribution mechanism allows investors to interact with the Dogeverse ecosystem in any way they see fit. Those who want more accessibility can choose Ethereum. Those seeking scalability can choose Avalanche. Cheap cryptocurrency watchers can use Solana or Polygon blockchains.

Base Chain is suitable for those looking for something new, while BNB Chain is suitable for those looking for a more utility-oriented ecosystem in Dogeverse.

The Dogeverse just got a whole lot bigger with Cosmo the Doge joining the meme coin arena. This cute little mutt was “born with the unique ability to hyperjump between the stars of the crypto world.”

Cosmo aims for unity #Cryptocurrency Meme fans, leading multi-chain charging. 🚀

over 6 #blockchainCosmo shines #DEX, #CEX, and Meme Hub. 🌟

Through intergalactic alignment, Cosmo redefines the definition of trend. @DEXToolsApp! 🔥 pic.twitter.com/xcZvl74rX9

— DogeVerse (@The_DogeVerse) April 15, 2024

Dogeverse has already raised nearly $6 million in a little over a week, and one of its attractions is that it offers a 174% annualized staking return. More than 9.191 billion DOGEVERSE tokens are already staked.

Dogeverse token rewards will be distributed at a rate of 6088 $DOGEVERSE per Ethereum (ETH) block and paid out over two years.

The price of DOGEVERSE token is $0.000296. The price is expected to increase within 24 hours, so if you’re interested, buy now.

Visit Dogeverse on the official website here to purchase.

Also read:

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