Outside Source
Meme coins are experiencing a bullish resurgence.
Tokens like Pepe (PEPE), dogwifhat (WIF), and Dogeverse (DOGEVERSE) are pumping hard, showing that the demand in this quirky corner of crypto remains very much alive.
PEPE Pumps 11% as Meme Coin Mania Returns
PEPE is leading today’s meme coin charge, with the token’s price surging 11% in the past 24 hours.
The token is now trading around $0.00000515 after buyers rejected the $0.00000480 support zone, which had been tested multiple times in the past week.
PEPE’s ability to hold that key level appears to have reinvigorated buyers.
The token is attempting to break through the 20-day exponential moving average (EMA) on the 4-hour chart, currently acting as a dynamic resistance level.
A clean break above this EMA could open up more upside soon.
That said, PEPE is very much still trapped in a descending wedge pattern that has capped its rallies over the past six days.
This bearish technical formation suggests that sellers may simply view any pumps as an opportunity to load up on short positions until a more decisive breakout occurs.
However, one potentially bullish catalyst has been the rise in PEPE’s spot volumes – hinting that speculative buyers may finally be returning to the battered token.
dogwifhat Rips 20% Higher Ahead of Bitcoin Halving
dogwifhat is another meme coin benefiting from the bullishness today.
The Solana-based WIF token is up over 20% since yesterday, now trading around $2.70.
Today’s pump from WIF has erased all of Thursday’s losses, putting it on track for back-to-back green daily candles.
That’s a feat that this token hasn’t managed since the first week of April.
From a charting perspective, WIF has formed a double-bottom support around $2.30 before using it as a launchpad higher.
With the $2.60 hurdle now taken out, the path towards a retest of $3.00 is now open if this momentum can be sustained.
Interestingly, there doesn’t seem to be a single obvious catalyst behind dogwifhat’s pump in the past 24 hours.
But the buzz across “Crypto Twitter” seems to point to the imminent Bitcoin halving playing a role.
With just hours until the supply squeeze, speculation is brewing around another meme coin rally kicking off.
As such, investors appear to be piling into top joke tokens like PEPE and WIF ahead of the big event.
Presale Buzz Ramps Up Around Dogeverse’s Multi-Chain Meme Play
The meme coin buzz has even been bleeding into presale phases, with the Dogeverse (DOGEVERSE) token seeing massive demand in the past day.
This multi-chain meme project has already raised $7.3 million from investors.
And with a current presale price of just $0.000298 per DOGEVERSE, that figure could grow even higher before the curtain closes on this stage in under 48 hours.
After that, the token’s price will increase, meaning those who buy in the earliest will receive the lowest rate.
But it’s not just that cheap price point that has degen traders buzzing.
Dogeverse’s plan to launch across six different blockchain networks is a major selling point, providing maximum flexibility and removing a significant element of risk.
There’s also the dangling of mysterious “community incentives” on the project’s roadmap that has investors spinning wildly bullish theories.
For example, could airdrops be in the works?
Nobody knows for sure, but it’s clear that retail traders are envisioning the most optimistic scenarios possible – just like they did with PEPE, WIF, and other meme coins that have exploded in recent months.
Hype or not, Dogeverse is making a name for itself in the meme coin space.
And with the token now ranked 5th on CoinSniper, one of the premier presale rating platforms, that reputation is only growing larger.
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