The bearish momentum surrounding Pepe coin ($PEPE) shows no signs of slowing, with the token’s price
dropping by 5% at the weekend and still in the red today despite the Bitcoin price rallying.
Although $PEPE was offered some brief respite in the days following its 80% correction, this positive sentiment has been exhausted, with bears reigning supreme once more.
Given Pepe token’s pessimistic outlook, meme coin enthusiasts are now scouting for the next big thing in the market – with new assets like Doge Rush Coin ($DR), emerging as potential ‘next Pepe’ assets.
Pepe Coin Price Prediction – Will Pepe Recover?
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Currently, $PEPE is hovering around the $0.000001455 level, displaying a noticeable lack of momentum.
CoinMarketCap data shows that the $PEPE price is now 66% below the all-time high posted on May 5, following a small bounce from its monthly low.
Trading volume has also dropped, with only $120 million worth of $PEPE traded in the past 24 hours – a stark contrast to its mid-April highs.
Crypto “whales” appear to be getting out while they can, with data from DEXTools.io revealing that two sell orders worth over $50,000 were placed in the past day – and one worth over $76,000.
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This trend suggests that most early $PEPE investors are now opting to cash in rather than wait for a potential rebound.
Any prospective rebound looks increasingly unlikely, as Pepe coin’s technicals make for grim viewing.
Over the weekend, $PEPE began forming a clear bear flag on the 4H timeframe. This pattern often appears before a downward impulse and has already played out once before on May 10, when the token’s price dropped over 40%.
Adding to the concern is that $PEPE has just rejected the resistance zone located at $0.0000015. This zone held as support last week yet is now capping any potential Pepe price resurgence.
Should the Pepe crash see continuation, the likely target would be the bottom of the bear flag, which is
around $0.000001325. This would represent a decline of 9% from today’s price.
There’s even scope for $PEPE to drop to the lower boundary of the long descending channel in which price is currently trapped. Should this occur, it would translate to a drop of around 20%.
Given these indicators, meme coin investors are now treading carefully, given that the Pepe price’s
future appears uncertain.
Doge Rush Presale Nears $350k Raised – Next Pepe Coin?
Meme coins have bounced back into action with multifold pumps this month. Investors are hungry for new meme coins that can give them explosive returns. The latest asset to capture their attention is Doge Rush – a crypto project that combines the iconic duo of Doge and Elon.
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But that’s not the key factor drawing investors to the project. Instead, it’s the utility-rich ecosystem that powers a state-of-the-art gaming platform and an ultimate crypto prize arena.
Here is a closer look at the ecosystem and how it can pump the value of the meme coin on its release.
Doge Rush isn't just a meme coin—it's a revolution in the crypto world, providing actual value to its community through its innovative platforms: DogeHub and DogeWin.
1. DogeHub: This is where gaming meets earning. DogeHub is a reimagined gaming platform, featuring re-skinned versions of popular running games like Subway Surfers, Sonic Dash, and Temple Run. But here's the twist—our games star Doge and Elon themselves, making gaming more exciting for our community. More importantly, these games follow a play-to-earn model, allowing users to earn $DR tokens as they navigate through exciting adventures.
2. DogeWin: If you love prizes, DogeWin is your go-to platform. Here, you can join raffles and competitions to win an array of rewards, including NFTs, ETH, and more. It's not just a prize platform— it's a whole new way of bringing the community together and adding more value to your $DR tokens.
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As we prepare for the official release of Doge Rush, it's this combination of fun, gaming, and tangible benefits that could potentially propel Doge Rush into becoming the next big sensation in the meme coin universe. With the presale reaching impressive heights, it's clear that the community sees the value and potential in Doge Rush. Get ready to witness a new era in the meme coin landscape—where internet culture, gaming fun, and financial opportunities unite.
Rush to the $DR Presale
Doge Rush is one to keep an eye on. The presale is underway, so it is recommended to join if you want to get in early on this token. There’s a lot of potential, given that it has so much utility. One thing is for sure, Doge Rush is going to cause a huge splash in the market when it eventually gets listed.
