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SirWin
SirWin
SirWin

Pepe Coin price analysis: Can PEPE hit $0.000010 in April?

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Pepe Coin price analysis: Can PEPE hit $0.000010 in April?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

When it comes to the Wild West of meme coin trading, Pepe (PEPE) has been one of the top performers over the past 12 months.

The big question on every meme coin trader’s mind right now is – can PEPE break out of its recent slump to revisit the $0.000010 level before April is out?

PEPE bounces off key support & reclaims 20-day EMA

At the time of writing, PEPE is changing hands around $0.00000743 after a 17% price pump over the past three days.

The rebound came about after PEPE found solid support at $0.0000065, a key level it had also managed to bounce off on March 19.

That double-bottom formation hints that the coin could be gearing up for its next leg higher.

Pepe Coin price analysis: Can PEPE hit $0.000010 in April? - 1

Adding some technicals into the mix, PEPE has reclaimed its 20-day exponential moving average (EMA) on the daily chart for the first time in over a week.

This is a bullish signal, especially when combined with PEPE’s 24-hour spot volumes pushing back over the $500 million mark.

Of course, the coin will need to prove it can sustain this rally by passing the next resistance zone around $0.0000075 cleanly.

That has been a stumbling block in the past – with sellers attempting to cap PEPE’s rallies once it climbs into that territory.

Can Pepe rally 32% this month to hit $0.000010?

Despite the promising signs of life from PEPE over the past couple of days, the question remains: Does this revived rally have enough legs to carry the coin back to $0.000010 this month?

To pull that off, PEPE would need to manage an additional 32% surge from its current price. 

A tall task, though far from impossible, given the coin’s history of rapid price pumps (and dumps).

The last time PEPE traded at $0.000010 was on March 15, before a broader downturn in the meme coin market saw its price collapse. 

However, PEPE now has a potential catalyst that could increase buying pressure.

Just last week, leading DEX PancakeSwap launched a syrup pool incentivizing its users to stake CAKE tokens in exchange for PEPE rewards.

With an APR currently hovering around 2.43%, the new pool has already started attracting yield-hungry crypto investors. This fresh incentive could be huge for PEPE’s price prospects.

Combined with the broader hype surrounding the upcoming “Doge Day” event, PEPE may be well-positioned to return to $0.000010 in April – and potentially higher.

Which other meme coins could be set to rise?

While traders are laser-focused on PEPE’s revival, another low-cap project generating buzz is Dogecoin20.

This ERC-20 token, which combines Dogecoin’s iconic branding with appealing staking rewards, could also be set to rise in April as it gears up for a long-awaited Uniswap listing.

Dogecoin20 on the spotlight ahead of DEX listing

When it comes to potential meme coin moonshots for April, Dogecoin20 has been rapidly rising up traders’ watchlists.

Not only does Dogecoin20 pay homage to Dogecoin, but it also aims to offer concrete utility.

Specifically, Dogecoin20 is introducing staking rewards that allow holders to earn 53% APYs just for holding the token.

It’s an enticing proposition that has already seen over 53 billion DOGE20 tokens staked during the project’s wildly successful presale.

The hype has even reached respected crypto YouTubers like Jacob Bury, who highlighted Dogecoin20 as his “best meme coin to buy now” in a recent video.

CoinSniper seems to agree with that assessment after ranking DOGE20 in its top five token launches to watch this month.

Arguably the most important stamp of credibility comes from Dogecoin20 passing a smart contract audit by Coinsult.

This independent verification has helped ease lingering concerns about the project’s code before its Uniswap launch on April 20 – aka Doge Day.

With PEPE potentially regaining momentum alongside the crypto market in general, Dogecoin20 could be in a great spot to take full advantage of any incoming meme coin euphoria.

To learn more about this project, visit the Dogecoin20 presale website

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