Pepe Price Prediction: PEPE Sinks 14% as Experts Turn to This Dogecoin 2.0 for 100x Potential| Trending Viral hub

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The price of Pepe plummeted 14% in the last 24 hours to trade at $0.00000725 As of 12:09 a.m. EST, trading volume fell 10% to $953 million.

This comes as the entire meme coin sector lost around 6% in the last 24 hours to a market capitalization of $61.5 billion. But PEPE continues to rise 77% in the last 30 days. Will the bulls be able to recover from the current pullback?

coin market meme

Pepe Price will recover in the ascending triangle

Pepe Price Chart Analysis Source: Tradingview.com
PEPEUSD Chart Analysis Source: Tradingview.com

Pepe price was in a consolidation level at the beginning of the year, trading within the range of $0.0000020. The PEPE bulls showed their dominance, using this level as a stable base to push the price through an increasing phase towards the resistance level of $0.00000865.

The slight pullback to the $0.0000050 support allowed the bulls to push the price to an all-time high of $0.00001064. This level has become the immediate barrier that the bulls are striving to overcome.

However, the bears may have taken control of the price at this level as PEPE has failed to recover as the price is trading within the critical support around $0.00000691.

Furthermore, the current price retracement coincides with the price trading below the 50-day and 200-day simple moving averages (SMA).

Furthermore, the Relative Strength Index (RSI) is trading in a downward trend towards oversold levels, currently at 34, suggesting that the bears are putting more pressure on the asset.

PEPE Price Prediction: Bulls Aim for a Reversal

Pepe price analysis and leading indicators show bearish momentum, with the price crossing below the ascending triangle pattern. Furthermore, the RSI has already crossed to oversold levels, showing that investors are on a selling streak.

However, the RSI crossing above the oversold level may signal an incoming price recovery as bulls aim for a trend reversal above the upper boundary of the ascending triangle to take the price to the previous ATH at 0.00001064. Dollars.

The 50-day SMA also crosses the 200-day SMA, forming a golden cross at $0.00000110, supporting the potential for a new uptrend in the coming weeks.

However, if the bears continue to put more pressure on the price, the bulls may pull back towards the $0.00000691 level, which acts as a cushion against the downward pressure.

As PEPE bulls strive to reverse the downward trend, investors can also consider Dogecoin20 as a valuable alternative as the project prepares for its launch on April 20, International DOGE Day.

Crypto analyst and YouTuber Jacob Bury believes that DOGE20 has the potential to grow 100x after launch.

Dogecoin20 – Best Opportunity for 100x Profits

Dogecoin20 (DOGE20) operates as an upgraded version of Elon Musk’s favorite Dogecoin meme coin, aiming to emulate it to be a greener version of Dogecoin under his “Do Only Good Every Day” ethos.

The dog-themed project’s predecessors, Shiba Inu and Dogecoin, made huge profits and DOGE20 aims to emulate their success.

DOGE20 launches on Doge Day: last buying opportunity

The project differs from its predecessor in that it offers an on-chain staking feature for holders, allowing investors to earn an impressive annual percentage yield (APY) of 66%.

Holders will be able to share 15% of the total token supply of 140 billion, which the team has reserved as staking rewards that will be distributed over 2 years.

Additionally, the team will conveniently launch Dogecoin20 on April 20, designated as International Doge Day, when market sentiment around DOGE is likely to rise.

With the development team extending the pre-sale for one last purchase opportunity following a massive $10 million fundraising, those looking to buy need to act fast as the extension could end at any time.

You can purchase DOGE20 tokens for $0.00022 each through the official website to participate in the action. You can make payments using ETH, USDT or a bank card.

Related news

Smog (SMOG) – Meme Coin with Rewards

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  • First Airdrop Season Available Now
  • Earn XP to qualify for a share of $1 million
  • Featured on Cointelegraph
  • Staking Rewards: 42% APY
  • 10% discount on free sale – smogtoken.com

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