Pepe Price Prediction As PEPE Plunges 7% And Experts Say This Base Meme Coin Might 100X – Next Brett?
Release: 2024/06/11 17:54 Reading: 239
Pepe Price Plunges 7% on Meme Coin Sell-off
The Pepe price has plummeted over 7% in the last 24 hours, reaching $0.00001167 at 12:00 a.m. EST. Investors are divesting their holdings in the meme coin, leading to a drop of more than 20% in the past week. However, it remains up over 36% on a monthly timeframe.
Critical Support Lost
Pepe has lost the $0.00001272 support level during the past trading day. If it fails to close a 4-hour candle above this mark in the next 24 hours, it risks plunging to subsequent support at $0.00000936. Continued sell-off could push it further down to $0.00000722.
However, this bearish scenario could be invalidated if Pepe regains $0.00001272 within the next 24 hours. This could trigger long positions and push the price to $0.00001512 and potentially as high as $0.00001755.
Bearish Technical Indicators
Technical indicators on Pepe's 4-hour chart suggest further decline. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) show bearish signs. The MACD line is on the verge of crossing below the MACD Signal line, signaling a potential negative cycle. The RSI value of 33 suggests that Pepe's upside potential may be limited.
Alternative Investment: Base Dawgz
Amidst the sell-off, investors are flocking to the new meme coin, Base Dawgz (DAWGZ). DAWGZ is not only tapping into the meme coin frenzy but also capitalizing on the hype around layer-2 blockchain, Base.
Cross-Chain Capabilities
Unlike many meme coins, DAWGZ is not confined to a single chain. It operates on Base as well as Ethereum, BNB Chain, Avalanche, and Solana. This allows seamless value transfer and enhanced security.
Referral Program
DAWGZ emphasizes community growth and offers a social airdrop campaign. Participants can create and share marketing content to earn points redeemable for tokens. Additionally, a refer-to-earn program rewards referrers with 10% of purchases made using their affiliate links.
Investment Potential
DAWGZ has already attracted significant funding, with over $919k raised in its ICO and $200k in its presale. Investors can purchase DAWGZ on the project's official website using ETH, BASE, BNB, SOL, or AVAX.
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