Close Menu


    Blockchain

    Dogecoin price drops 4% after Elon Musk teases return of Tesla DOGE payments as traders turn to PEPE 2.0 for Parabolic gains

    msmarkBy No Comments4 Mins Read
    Dogecoin Price Prediction

    join us cable A channel to stay up to date with breaking news coverage.

    Dogecoin price has decreased by 4% in the last 24 hours. Trading at $0.095 As of 09:02 PM ET, trading volume was up 67% to $467 million.

    This price drop comes despite Elon Musk hinting at a possible return of DOGE as a payment option for Tesla merchandise.

    The announcement also comes just days after Tesla CEO and billionaire He was fired. A lawsuit filed in June 2022 accuses him of defrauding investors through a Dogecoin pump-and-dump scheme.

    Musk’s hint at bringing back Dogecoin as a payment option has sparked speculation within the crypto community about the meme coin’s potential return to Tesla.

    Could this help Dogecoin rebound?

    Dogecoin Price Targets Bullish Reversal

    Resistance at the $0.114 level allowed bears to take control of Dogecoin price, forcing the meme coin to decline within a descending channel pattern, according to data from Gecko TerminalHowever, DOGE price formed massive support around $0.097, suggesting that the cryptocurrency is still capable of rising from here.

    With the price declining, DOGE is now trading below the 50 and 200 simple moving averages (SMA) on the 4-hour chart, confirming the bearish trend.

    Moreover, the Relative Strength Index (RSI) is trading lower towards the oversold level of 30, which is currently at 32. This indicates that investors are actively selling the asset.

    If the selling continues, Dogecoin price could drop further to the $0.0900 support area, which is a strong cushion against bearish pressure.

    DOGEUSD Chart Analysis Source: GeckoTerminal.com

    However, the RSI is now showing that Dogecoin is undervalued, which could be seen as a buy signal by bulls. In such a scenario, Dogecoin price could rise above the immediate resistance levels at $0.10312 and $0.10614. It could then target the $0.110 level.

    Meanwhile, another meme coin has emerged called Baby Unrestricted (PEPU) The PEPE Fund is attracting more and more investors, as it aims to follow its predecessor, the PEPE Fund.

    An analyst from 99Bitcoins, a prominent crypto YouTube channel, says that PEPU is one of the best cryptocurrencies to buy right now. He added that the cryptocurrency has 100X potential.

    Pepe Unchained Sales Surpass $11.4 Million, Heading Towards $12 Million

    The latest version of Pepe, which includes a layer-two chain on Ethereum, achieved a significant milestone in a single month by closing at $8.8 million just two weeks ago. The presale has now crossed the $11.4 million mark and continues to garner a large following in the cryptocurrency market.

    Since its launch, Pepe has maintained positive growth, continuing to be in the top three list of largest meme coins by market cap.

    However, Pepe is not without its flaws. The token was originally built on the Ethereum blockchain and has long been limited to layer 1 technology, which is largely characterized by network delays and high gas fees.

    Pepe Unchained is a token based on PEPE’s plan to break free from its chains and embrace the future with Pepe Unchained. Through the new ICO, Pepe Unchained leverages layer 2 blockchain technology to offer double rewards.

    The project is also set to address the scalability, speed, and efficiency issues that often plague meme coins deployed on layer-one blockchains like Ethereum. As a result, Pepe Unchained will allow investors to seize market opportunities more efficiently.

    Token holders can also earn passively by: Betting system on the platformwhich offers annual bonuses of 175%.

    You can buy PEPU tokens for $0.0094603 each. With the price rising in less than a day, you may want to buy meme coin soon to get the best deal.

    He buys PEPU from the official website here Using ETH, USDT or bank card.

    Related news

    Most Searched Cryptocurrency Launched – Pepe Unchained

    Baby is not tiedBaby is not tied
    • Layer 2 meme coin ecosystem
    • Featured on Cointelegraph
    • SolidProof and Coinsult audited
    • Participation Rewards – pepeunchained.com
    • Over $10 Million Raised in ICO – Ends Soon

    Baby is not tiedBaby is not tied


    join us cable A channel to stay up to date with breaking news coverage.

    Share.

    Related Posts