The Pepe price soared 13% in the last 24 hours to trade at $0.00001674 as of 02:00 a.m. EST on trading volume that skyrocketed 53% to $2.7 billion.
This comes days after the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum ETFs, setting the stage for potential new all-time highs (ATHs) for Ethereum (ETH). With ETH soaring 4% in the last 24 hours, Ethereum meme coin titans, including DOGE and SHIB soared in the last week.
PEPE jumped 78% in the last week, surpassing its previous all-time high of $0.00001064 to reach a new peak of $0.00001699 today, data from GeckoTerminal shows. Additionally, pepe coin holders have also increased over the last day, with data from IntoTheBlock showing that 96.36% of them are in profits. So, can PEPE continue this trend?
Pepe Price Set To Soar To A New ATH
The Pepe price bulls are capitalizing on the major support around $0.00000958 to push the price higher above $0.00001699.
PEPE trades well above both the 50-day and 200-day SMA, a confirmation of the bullish upside potential. Additionally, the SMAs act as the immediate support levels at $0.00001315 and $0.00000958.
PEPEUSD Chart Analysis Source: GeckoTerminal.com
The Relative Strength Index (RSI) is also on an uptrend, closing in on the 70-overbought region, currently at 69. If the bulls continue pushing the momentum, the RSI could soar over the overbought region, an indication of intense buying pressure and continued investor optimism.
Moreover, the Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing above the orange signal line, forming a bullish crossover. A bullish crossover encourages retail investors to add to their positions, which could potentially push PEPE above the $0.00001699 resistance.
The green bars on the histogram are also starting to form above the neutral line, showing that PEPE is currently on a positive momentum.
Pepe Price Prediction
The Pepe price analysis on the 4-hour chart shows that the bulls are aiming to push PEPE to a new ATH as they capitalize on the major support level at $0.00000958.
Major technical indicators, including the SMAs and RSI, create bullish prospects for bullish investors. The 50-day SMA also crosses above the 200-day SMA, forming a golden cross at $0.00000699, further affirming the bullish potential.
However, the RSI and the MACD show that the asset is overbought, which may prompt sellers to start booking profits. In such a scenario, PEPE could retrace back to the support zone around $0.00001008.
Meanwhile, as PEPE aims for new ATHs, some traders are rushing to buy the multi-chain Dogecoin derivative ICO Dogeverse before it’s presale ends in less than 8 days.
Jacob Bury, a popular crypto analyst on YouTube, says that $DOGEVERSE has the potential to soar 100X after launch.
New Meme Coin $DOGEVERSE Ends Presale June 3rd – Last Chance To Buy
Dogeverse (DOGEVERSE) has reached the final stages of its presale, having raised over $15 million in early funding. Dogeverse is now close to hitting its $17 million target, which could happen at any time.
The project is inspired by the mascot Cosmo, which can hyperjump between crypto networks, allowing holders to seamlessly bridge between six crypto chains: Ethereum, Solana, polygon, BNB Chain, Avalanche, and Base.
Why limit to one when you can have it all? $DOGEVERSE begins on the secure #Ethereum network, ensuring robust security and reliability. 🛡️💻
🔥 Bridging gaps between #Cryptocurrency ecosystems, we enhance liquidity, utility, and fun across the entire #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry
— DogeVerse (@The_DogeVerse) May 3, 2024
Dogeverse also offers $DOGEVERSE holders an enticing native staking system with a 48% annual percentage yield (APY). With the project’s smart contract only deployed on the Ethereum network, only purchases made with ETH are eligible for staking.
The Dogeverse presale ends on June 3 at 10 a.m. UTC. Claims will then commence two days later, on June 5, at 10 a.m. UTC.
Get ready to blast off with Cosmo! 🚀🌀
⏳ #Presale ends on June 3rd at 10 AM UTC!
🌐 Claim launches on June 5th at 10 AM UTC!
This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch! 🌌
Don’t miss out! The clock is ticking! 📣… pic.twitter.com/QwpzWcm947
— DogeVerse (@The_DogeVerse) May 23, 2024
There’s still time to participate in the presale by buying $DOGEVERSE for $0.00031 per token. Buy soon, though, before the team launches the token on major exchanges.
Buy $DOGEVERSE on the official website here.
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