PEPE Coin Price Analysis in April: Can It Hit $0.000010?
When it comes to the wildness of memecoin trading, Pepe (PEPE) has been one of the best performers in the past 12 months. The big question on every memecoin trader’s mind right now is – can PEPE break out of its recent plunge and revisit the $0.000010 level before April is over?
As of writing, PEPE is changing hands at around $0.00000765, with a 17% price increase over the past three days. PEPE rebounded after finding solid support at $0.0000065, a level that also served as a key level for a successful rally on March 19. This double bottom pattern suggests that the coin could be preparing for its next move higher.
Adding to the technical picture, PEPE has reclaimed the 20-day exponential moving average (EMA) for the first time in over a week on the daily chart. This is a bullish sign, especially when combined with PEPE’s 24-hour spot volume rebounding back toward the $500 million mark. Of course, the coin will need to prove it can sustain this rally by cleanly passing through the next resistance zone around $0.0000075. This has been a stumbling block in the past — sellers have tried to cap PEPE’s gains once it climbs to this area.
Can Pepe rally 32% to $0.000010 this month?
While PEPE has shown promising signs of recovery over the past few days, the question remains: Does this recovery rally have enough traction to get the coin back to $0.000010 this month?
To achieve this, PEPE would need to gain another 32% from its current price.
Given the coin’s history of rapid price increases (and sell-offs), this is a tall order, though far from impossible. PEPE last traded at $0.000010 on March 15, when a general downturn in the meme coin market caused its price to plummet.
However, PEPE now has a potential catalyst that could increase buying pressure.
Just last week, leading DEX PancakeSwap launched a syrup pool that incentivizes users to stake CAKE tokens in exchange for PEPE rewards. With annual interest rates currently hovering around 2.43%, the new pool has already begun to attract yield-hungry crypto investors. This new incentive could have a huge impact on PEPE's price prospects.
Combined with the widespread hype surrounding the upcoming Governor’s Day event, PEPE could return to $0.000010 in April, and possibly even higher.
What other meme coins are likely to rise?
While traders are focused on the resurgence of PEPE, another low-cap project generating buzz is Dogecoin20. The ERC-20 token, which combines Dogecoin’s iconic branding with attractive staking rewards, may also rise in April as it prepares for its long-awaited Uniswap listing.
Dogecoin20, which received much attention ahead of its DEX listing, has been rapidly rising on traders’ watch lists when it comes to potential meme coin moonshots in April. Dogecoin20 not only pays homage to Dogecoin, but also aims to provide concrete utility. Specifically, Dogecoin20 introduced staking rewards, allowing holders to earn 53% APY just for holding the token. It’s an enticing proposition, with more than 53 billion DOGE20 tokens already staked during the project’s hugely successful presale.
The hype has even reached respected cryptocurrency YouTubers like Jacob Bury, who highlighted Dogecoin20 as his “best meme coin to buy right now” in a recent video. CoinSniper seems to agree with this assessment, naming DOGE20 on its list of the top five coin offerings to watch this month.
Arguably, the most important level of credibility comes from Dogecoin20 passing Coinsult’s smart contract audit. This independent verification helps ease lingering concerns about the project’s code ahead of Uniswap’s launch on April 20 (aka Dog Day). With PEPE potentially regaining momentum along with the entire crypto market, Dogecoin20 may be in a good position to capitalize on the excitement surrounding any upcoming meme coins.
#DOGE20 #Meme #pepex #WIF