Pepe Price Prediction: PEPE Pumps 5% As Futures Go Live On Coinbase, And The First Multi-Chain Meme Coin Dogeverse Nears $10M In 15 Days Of ...
Release: 2024/04/23 15:54 Reading: 589
The Pepe price surged over 5% in the last 24 hours, trading at $0.000006736 as of 12:45 a.m. EST, as investors initiated an accumulation drive for the meme coin.
The PEPE price spike followed an announcement by U.S.-based crypto exchange Coinbase that it would add support for Pepe perpetual futures on its platform. Initially scheduled for Apr. 18, the opening of Coinbase's 1000PEPE-PERP market was postponed due to technical issues. Trading will now commence on Apr. 23.
@CoinbaseIntExch will add support for Pepe perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our 1000PEPE-PERP market will begin on or after 9:30am UTC on 23 APR 2024.
— Coinbase International Exchange ?️ (@CoinbaseIntExch) April 22, 2024
The Pepe Price Breaks Key Resistance
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4-hour chart for PEPE/USDT (Source: TradingView)
A bullish ascending triangle has emerged on PEPE's 4-hour chart after the altcoin established several higher lows in the last 24 hours. During this period, the meme coin successfully surpassed the resistance level at $0.00000631 as well.
If this chart pattern holds, the frog-themed crypto may transform the subsequent barrier at $0.00000705 into a support level. A 4-hour candle closing above this point could provide the foundation for the Pepe price to potentially ascend to $0.00000829 in the short term.
A decline below the ascending triangle within the next 12 hours could invalidate this bullish scenario. In this case, the meme coin may face the risk of correcting to the recently breached $0.00000631 level.
Falling below this safety net may trigger a wave of panic selling, potentially driving the Pepe price down to $0.00000573.
The Pepe Price May Experience a Correction
Technical indicators on PEPE's 4-hour chart suggest that bearish pressure is building as the meme coin approaches the $0.00000705 resistance. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators signal a potential reversal of the bullish trend that has driven the Pepe price higher over the past trading day.
PEPE is currently in a positive cycle, as indicated by the MACD line's position above the MACD Signal line. However, this trend appears to be nearing its end as the MACD line converges towards the MACD Signal line.
A significant bearish technical flag is also on the verge of forming on the RSI on the 4-hour chart. The RSI reached a peak of 75 in the last 24 hours and has since declined. The RSI is now approaching a potential crossover below its Simple Moving Average (SMA) line. This crossover, if it occurs in the next 24 hours, could indicate a shift in momentum in favor of sellers.
While PEPE attempts to break through another resistance level, the multi-chain meme coin Dogeverse is attracting significant funds at an unprecedented rate through its ongoing presale.
Investors Flock to This Meme Coin Presale for Potential Parabolic Gains
Dogeverse's presale commenced on Apr. 8 and has already raised over $9.76 million.
This investor enthusiasm has made it one of the most popular meme coin presales in April and throughout 2024 to date.
Dogeverse is the first multi-chain meme coin, residing on prominent networks such as Ethereum, BNB Chain, Solana, Polygon, Avalanche, and even the Layer 2 chain Base.
This enables investors and token holders to seamlessly transfer value across chains and leverage the various fees and decentralized finance (DeFi) protocols available on each blockchain.
Beyond being the world's first multi-chain meme coin, Dogeverse (DOGEVERSE) also offers attractive rewards to investors who purchase and stake their tokens during this early stage.
Offering High Returns to Early Investors and Token Holders
Individuals who purchase and stake their DOGEVERSE tokens during this ICO phase will earn up to 112% in annual staking rewards. This, coupled with the high utility associated with DOGEVERSE, may be driving the rush among investors to acquire the meme coin during its ICO.
To date, over 14 billion DOGEVERSE tokens have been locked up in the project's ecosystem by optimistic investors.
DOGEVERSE on the #Avalanche Chain!?
Advantages:? Avalanche's swift confirmations enhance the token's usability? Manages high transaction volumes, reducing congestion
Disadvantages:
? Over-reliance could impact decentralization?️ Interoperability introduces potential risks pic.twitter.com/X5haF9tKnV
— DogeVerse (@The_DogeVerse) April 22, 2024
To participate in this high APY opportunity, investors can visit the project's official website and connect their Web3 wallet to the platform. Priced at $0.0003, DOGEVERSE can be purchased using ETH, USDT, BNB, MATIC, AVAX, BASE, or a bank card.
DOGEVERSE can be bought and staked for a 112% APY here.
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