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With regards to the Wild West of meme coin buying and selling, Pepe (PEPE) has been one of many prime performers over the previous 12 months.
The massive query on each meme coin dealer’s thoughts proper now’s – can PEPE escape of its latest hunch to revisit the $0.000010 stage earlier than April is out?
PEPE bounces off key help & reclaims 20-day EMA
On the time of writing, PEPE is altering arms round $0.00000743 after a 17% worth pump over the previous three days.
The rebound took place after PEPE discovered strong help at $0.0000065, a key stage it had additionally managed to bounce off on March 19.
That double-bottom formation hints that the coin might be gearing up for its subsequent leg larger.
Including some technicals into the combo, PEPE has reclaimed its 20-day exponential shifting common (EMA) on the every day chart for the primary time in over per week.
It is a bullish sign, particularly when mixed with PEPE’s 24-hour spot volumes pushing back over the $500 million mark.
In fact, the coin might want to show it could actually maintain this rally by passing the following resistance zone round $0.0000075 cleanly.
That has been a stumbling block prior to now – with sellers trying to cap PEPE’s rallies as soon as it climbs into that territory.
Can Pepe rally 32% this month to hit $0.000010?
Regardless of the promising indicators of life from PEPE over the previous couple of days, the query stays: Does this revived rally have sufficient legs to hold the coin again to $0.000010 this month?
To tug that off, PEPE would wish to handle an extra 32% surge from its present worth.
A tall process, although removed from inconceivable, given the coin’s historical past of fast worth pumps (and dumps).
The final time PEPE traded at $0.000010 was on March 15, earlier than a broader downturn within the meme coin market noticed its worth collapse.
Nonetheless, PEPE now has a possible catalyst that might improve shopping for stress.
Simply final week, main DEX PancakeSwap launched a syrup pool incentivizing its customers to stake CAKE tokens in trade for PEPE rewards.
With an APR at present hovering round 2.43%, the brand new pool has already began attracting yield-hungry crypto traders. This contemporary incentive might be enormous for PEPE’s worth prospects.
Mixed with the broader hype surrounding the upcoming “Doge Day” occasion, PEPE could also be well-positioned to return to $0.000010 in April – and doubtlessly larger.
Which different meme cash might be set to rise?
Whereas merchants are laser-focused on PEPE’s revival, one other low-cap undertaking producing buzz is Dogecoin20.
This ERC-20 token, which mixes Dogecoin’s iconic branding with interesting staking rewards, may be set to rise in April because it gears up for a long-awaited Uniswap itemizing.
Dogecoin20 on the highlight forward of DEX itemizing
With regards to potential meme coin moonshots for April, Dogecoin20 has been quickly rising up merchants’ watchlists.
Not solely does Dogecoin20 pay homage to Dogecoin, nevertheless it additionally goals to supply concrete utility.
Particularly, Dogecoin20 is introducing staking rewards that permit holders to earn 53% APYs only for holding the token.
It’s an attractive proposition that has already seen over 53 billion DOGE20 tokens staked through the undertaking’s wildly profitable presale.
The hype has even reached revered crypto YouTubers like Jacob Bury, who highlighted Dogecoin20 as his “greatest meme coin to purchase now” in a latest video.
CoinSniper appears to agree with that evaluation after rating DOGE20 in its prime 5 token launches to observe this month.
Arguably a very powerful stamp of credibility comes from Dogecoin20 passing a smart contract audit by Coinsult.
This impartial verification has helped ease lingering issues in regards to the undertaking’s code earlier than its Uniswap launch on April 20 – aka Doge Day.
With PEPE doubtlessly regaining momentum alongside the crypto market typically, Dogecoin20 might be in an incredible spot to take full benefit of any incoming meme coin euphoria.
To study extra about this undertaking, visit the Dogecoin20 presale website
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