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Pepe price dropped by 5% in the last 24 hours trading at $0.00000698 to 12:11 a.m. EST on trading volume that fell 15% to $601 million.
This comes after PEPE reclaimed its third place among the top coins by market capitalization after overtaking Dogwifhat (WIF).
The price of PEPE fell in line with the overall meme coin market, which fell 5% in the last 24 hours to reach a market cap of $49 billion.
Pepe Price to Rise Due to Falling Wedge Pattern
Pepe price saw a positive rise in March, reaching an all-time high (ATH) of $0.00001064. After being rejected at this resistance level, Pepe price experienced a negative streak, printing a few lower lows and higher 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 above the 200-day simple moving averages (SMA), a confirmation of upside upside potential. If the bulls manage to maintain the bullish momentum, Pepe could rise, surpassing the 50-day SMA at $0.00000721.
Additionally, the Relative Strength Index (RSI) is trading above the midline of 50, indicating that the price is currently in equilibrium as it targets a breakout towards the overbought region of 70.
Pepe Price Prediction
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 aim to capitalize on these factors to push the price even further.
However, in a reverse scenario, the bears could take control of the price at this level to cross the 50 median level of the RSI. This will push the price towards the support zone at around $0.00000465.
Meanwhile, as PEPE price surges seek to push the price to a new ATH, investors are rushing into the $DOGEVERSE presale, which has surpassed $12 million in funds raised.
Dogeverse ($DOGEVERSE) is an innovative multi-chain coin that spans six blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Base and Solana.
🌐 Adopt inclusive accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those who prefer the quick, 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, allowing $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 hyper-jump between the stars of the crypto universe for multi-chain utility.
Dogeverse provides a staking option on the Ethereum blockchain, meaning token swaps are unnecessary and allows investors to enjoy a 91% annual percentage yield (APY).
While the Dogeverse presale is selling out quickly, ClayBro, a prominent crypto analyst on YouTube, believes that Dogeverse has the potential to increase 10x at launch.
You can participate in the presale by purchasing $DOGEVERSE for $0.000303 per token. Buy quickly, because a price hike is coming in about 90 minutes.
Buy $DOGEVERSE on the official website here using ETH, USDT or a bank card.
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Dogeverse – Multichain Meme Coin
- Early Access Presale Online Now
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- Faceoff Rewards – thedogeverse.com
- Trade with low fees
- The world's first roaming chain doge – Cosmo
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