Pepe Price Plunges 6% as Investors Shift Focus to Chain-Hopping Dogeverse ICO for Parabolic Potential

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The Pepe Price loses an important support Technical data suggests that the Pepe price is still at risk The first chain traveling meme coin Whales join in the feeding frenzy Related articles:

The Pepe Prize collapsed up more than 6% in the past 24 hours to trade at $0.00001023 as of 12:55 a.m. EST as some investors sell their holdings in the meme coin.

PEPE’s recent loss is a break from the bullish trend of the past month. In the last 30 days alone, the crypto has more than doubled its value with a 113% pump.

The Pepe Price loses an important support

PEPE chart image

4-hour chart for PEPE/USD (Source: GeckoTerminal)

The Pepe The price has fallen below the key support level at $0.00001105 over the past 24 hours. Sellers also tried to push the altcoin’s price below the $0.00000982 support, but the bulls were able to defend the price.

With the Pepe price having stabilized in recent hours, buyers can identify the current levels as a buying entry, otherwise sellers will continue to put pressure on the meme coin.

Should bulls appear on PEPE’s charts within the next 12 hours, the crypto could attempt to reclaim the $0.00001105 support. A candle remaining above this threshold for four hours could then give the meme coin the foundation it needs to continue rising, potentially reaching a high of $0.00001228.

On the other hand, if the bears continue to dump PEPE, the price could fall below the $0.00000982 support in the near term. This could put the Pepe price at risk of falling towards the next level of $0.00000842 in the next 24 to 48 hours.

Technical data suggests that the Pepe price is still at risk

Technical indicators on PEPE’s 4-hour chart warn that the meme coin is at the mercy of sellers, who currently have the upper hand over buyers. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest that the Pepe price could continue to decline.

The RSI has seen a negative slope over the past 24 hours. Traders typically see this as a sign that buying power is waning. Furthermore, the RSI continues to lean towards oversold, which could indicate that this trend shows no signs of slowing down.

Meanwhile, a major bearish technical flag was triggered by the MACD indicator on the 4-hour chart. This was after the MACD remained below the MACD signal line for the past trading day, indicating that PEPE’s positive cycle has ended and a new, more bearish phase has begun.

Of Pepe Under overwhelming pressure from bears, some investors are turning to multi-chain Dogecoin derivative Dogeverse (DOGEVERSE) for potential parabolic profits as it approaches launch following a huge pre-sale that raised more than $15 million.

The first chain traveling meme coin

Dogeverse is the first meme coin to reside on multiple blockchains, which fits perfectly with the Web3 industry’s push to make the crypto space more interoperable.

Inspired by Dogecoin, Dogeverse allows investors to explore multiple chains in search of the best decentralized return-generating opportunities. This includes DeFi protocols on highly liquid and active networks such as Avalanche, Polygon, Solana, BNB Chain, Ethereum and the layer 2 network, Base.

Why limit yourself to one when you can have it all? $DOGEVERSE starts on the protected #Ethereum network, ensuring robust security and reliability. 🛡️💻

🔥 Bridging the gap between #Cryptocurrency ecosystems we improve liquidity, utility and enjoyment as a whole #Cryptoverse! 🎉#Altseason pic.twitter.com/zOg8albhry

— DogeVerse (@The_DogeVerse) May 3, 2024

Investors don’t have to look far to grow their positions in the DeFi realm, given the native staking solution housed in the Dogever ecosystem on the Ethereum network. With an annual return of 56%, token holders and investors will find it difficult to find a more competitive betting option.

Whales join in the feeding frenzy

Whales are also gobbling up DOGEVERSE, with a certain major investor recently purchasing $183,000 worth of DOGEVERSE using ETH.

YouTuber Jacob Crypto Bury says DOGEVERSE has the potential to generate 100x returns for investors after launch.

Anyone looking to buy the meme coin at this early stage still has time. However, investors will want to hurry as Dogeverse’s launch is just around the corner. To take advantage of a last chance to purchase the meme coin through the ICO, investors can navigate to the project’s website.

Once there, the simple buying widget embedded on the site can be used to purchase DOGEVERSE, which sells for $0.00031. Due to its multi-chain nature, the crypto can be purchased with BNB, AVAX, SOL, ETH, MATIC or BASE. USDT and bank cards are also available options.

It is important to remember that the great staking option is only present on the Ethereum chain. Therefore, investors will need to purchase DOGEVERSE using ETH to be able to lock their tokens for these rewards.

Buy and stake Dogeverse here for up to 56% in annual rewards.

Dogeverse – Multichain Meme Coin