The Pepe price has plunged 20% in the past 24 hours to trade at $0.000005824 as of 6:40 p.m. EST on a 68% surge in trading volume to $1.2 billion.

Despite this drop, PEPE might be seeing an uptrend soon after Coinbase announced that it will list PEPE perpetual futures on both Coinbase International and Coinbase Advanced. Trading is scheduled to begin on or after April 18th at 9:30 a.m. UTC. 

@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 18 APR 2024. pic.twitter.com/DKu8YPGRYB

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 11, 2024

After Coinbase announced futures would be launched on Dogecoin (DOGE) earlier this month, the biggest meme coin by market capitalization soared, as did the funds raised in presale by Dogecoin20 (DOGE20).

Pepe Price Is Still Struggling Within the Bullish Pennant

While Pepe’s current price sits below its record high of $0.00001064, promising signs are pointing to a potential comeback within a bullish pennant formation. This pattern hints that Pepe’s upward trend could persist.

PEPEUSDT Analysis by Tradingview

Even though there’s been a slight pullback, the pennant’s lower trendline gives the bulls a chance to regroup and drive the price up, possibly breaking out above it. 

Furthermore, with support in place, the bulls could drive the price above both the 50-day and 200-day simple moving averages (SMA), indicating the possibility of a bull rally beginning as more buyers join the market.

The MACD is indicating a potential bounce below the neutral level, with the blue line crossing over the orange signal line. Additionally, the histogram shows positive movement close to the neutral level.

The Relative Strength Index (RSI) suggests a turnaround from the midpoint level of 50. With momentum picking up, the RSI is likely to climb into overbought territory, signalling strong buying pressure.

Pepe Price Bulls Prepare For A Bull Rally

The bullish pennant suggests that the uptrend could continue, potentially pushing the price up even more. If the price keeps bouncing back from the lower trendline of the pennant, it could help buyers break through the resistance level at the previous all-time high of $0.00001064, with the goal of reaching a new peak at $0.00001525.

However, if sellers take charge, the price might drop below the lower boundary of the pennant, possibly reaching around $0.00000661. This could lead buyers to pull back towards the support zone at approximately $0.00000450.

Dogeverse Hurtles Towards $4 Million Ahead Of Doge Day On April 20

While PEPE bulls strive to drive its price up, many investors are rushing to buy $DOGEVERSE, a new multi-chain token that’s strategically launched just before International Doge Day on April 20.

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Unlike meme coins such as SHIB, FLOKI, BONK, and WIF, Dogeverse (DOGEVERSE) stands out for being built on a network that spans six chains: Ethereum, BNB Smart Chain, Polygon, Avalanche, Solana, and Base.

Cosmo the Doge, the mascot of the project, is a dog born from the remnants of a supernova, with the ability to leap between stars in the crypto universe.

🌐 Embracing Inclusive Accessibility! 🚀

$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67

— DogeVerse (@The_DogeVerse) April 12, 2024

Dogeverse also offers investors the opportunity to stake $DOGEVERSE tokens for an annual yield of 294%.

🚀 Once more, #DOGEVERSE is skyrocketing through the multichain universe! 🌌

Exceeding the $3,000,000 milestone! 💰#Cosmo thanks all #Doge supporters for their unwavering support! 🙏

Now, onto Stage 4! 🔥 pic.twitter.com/9D7iIww48U

— DogeVerse (@The_DogeVerse) April 12, 2024

The Dogeverse presale has already blazed past $3.5 million raised in less than five days.

$DOGEVERSE tokens are selling at $0.000294 each now, but to secure them at that level act before a price hike in less than two days, or sooner if the stage sells out.

Buy $DOGEVERSE tokens on the official website using Ethereum, USDT, or a bank card here.

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• Source: https://insidebitcoins.com/news/pepe-price-prediction-pepe-plummets-20-amid-a-flash-crypto-crash-but-this-dogecoin-derivative-ico-soars-towards-4m