Pepe Price Prediction: PEPE Pumps 17% As The Dogeverse ICO Offers A Last Chance To Buy After $13 Million Raise
Release: 2024/05/04 20:49 Reading: 390
The Pepe price has pumped almost 6% in the past 24 hours and 17% in a month to trade at $0.000008776 as of 6:35 p.m. EST on an 8% plunge in trading volume to $1.2 billion.
Pepe Price Signals a New Bull Rally Above the Bullish Pennant
PEPE seems ready to continue its upward momentum. Its current price is trading below its all-time high of $0.00001064. Some encouraging signs indicate a potential recovery into the bullish pennant pattern, suggesting Pepe's positive trend could continue.
Pepe indicates a rebound on the pennant's lower trendline, as the bulls seem resilient, driving the price upwards to the pennant's upper trendline.
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PEPEUSDT Analysis by Tradingview
Currently, the price is trading below the 50 and 200 simple moving averages (SMA), indicating a potential beginning of a bull rally as buyers become more involved.
The Macd is above the neutral level, with the blue line crossing the orange signal line. Furthermore, the histogram shows positivity above the neutral level.
The relative strength index (RSI) is showing signs of bouncing back from the oversold territory at 30. It's also climbed above the midpoint at 50 to reach 64, with strong momentum indicating a rush of buying activity, potentially leading to overbought conditions.
Pepe Price Bulls Poised to Reclaim Its All-Time High
The bullish pennant indicates that the upward trend may persist, potentially driving the price even higher. If the price surpasses the pennant's upper trendline, it could help buyers overcome the resistance level at the previous all-time high of $0.00001064, aiming to reach a new peak at $0.00001525.
However, if sellers gain control, the price might decline to around $0.00000663 within the pennant.
Last Chance to Buy Dogeverse Before Launch
As Pepe continues its price surge, traders may also consider diversifying into the DOGEVERSE meme coin presale, which has already amassed over $13 million in funds raised. It's now offering investors a last chance to buy before its launch.
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