Pepe Price Prediction: PEPE Plummets 5% As This Chain-Hopping Dogecoin Derivative Blasts Past $12 Million

On Apr 29, 2024

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The Pepe price dropped 5% in the last 24 hours to trade at $0.00000698 as of 00:11 a.m. EST on trading volume that plummeted 15% to $601 million.

This comes after PEPE reclaimed its third spot among the top meme coins by market capitalization after surpassing Dogwifhat (WIF).

The PEPE price fell in line with the broader meme coin market, which is down 5% in the last 24 hours to reach a market capitalization of $49 billion.

Pepe Price To Surge Over The Falling Wedge Pattern

Pepe Price Chart Analysis Source: Tradingview.com — PEPEUSD Chart Analysis Source: Tradingview.com

The Pepe price experienced a positive surge in March, soaring to an all-time high (ATH) of $0.00001064. After being rejected at this resistance level, the Pepe price experienced a negative sequence, printing a couple of lower lows and lower highs, resulting in the formation of a falling wedge pattern.

However, the support level around $0.00000471 allowed the bulls to stage a breakout towards the upper boundary of the wedge.

PEPE is trading over the 200-day Simple Moving Averages (SMAs), a confirmation of the bullish potential to the upside. If the bulls can sustain the bullish momentum, Pepe could rise, breaching the 50-day SMA threshold at $0.00000721.

Additionally, the Relative Strength Index (RSI) is trading above the 50-midline level, indicating that the price is currently in equilibrium as it aims for a breakout over to the 70-overbought region.

Pepe Price Prediction

The Pepe price analysis indicates that PEPE is currently in equilibrium, aiming for a breakout to the next target and a new ATH at $0.000012. With the RSI and the golden cross forming at $0.00000112, the bulls are aiming to capitalize on these factors to push the price even further.

However, in an inverse scenario, the bears could take control of the price at this level to breach the 50-midline level on the RSI. This will push the price down to the support zone at around $0.00000465.

Meanwhile, as the PEPE price bulls look to push the price to a new ATH, investors are piling into the $DOGEVERSE presale, which has surged past $12 million in funds raised.

Dogeverse ($DOGEVERSE) is an innovative multi-chain meme coin that spans six blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Base, and Solana.

🌐 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 chains are among the most active networks in the crypto market, making it easier for $DOGEVERSE holders to effortlessly engage in different decentralized finance (DeFi) protocols.

The project’s mascot, Cosmo the Doge, is a chain-hoping Doge from a collapsing supernova. This allows the dog to hyperjump between the stars of the crypto universe for multichain utility.

Dogeverse provides a built-in staking option on the Ethereum blockchain, meaning token swaps are unnecessary, and allowing investors to enjoy a 91% annual percentage yield (APY).

With the Dogeverse presale selling out fast, ClayBro, a prominent crypto analyst on YouTube, believes that Dogeverse has the potential to surge 10X on launch.