Dogecoin (DOGE) price a leading meme coin, has been facing struggles despite its strong community backing. Meanwhile, Pepe Coin gaining traction has been showing signs of an upcoming breakout. With some analysts predicting a 100% rally, is it time to swap DOGE for PEPE?
Dogecoin Price Struggles
Dogecoin price continues to face challenges, hovering below the $0.5 mark despite broader crypto market fluctuations. Recent declines highlight a lack of a bullish trend, with whale activity offering minimal support. Unlike previous bull runs, the DOGE price has failed to reclaim key resistance levels. The present DOGE Price is at $0.3516, which has dropped by 4% in the last 24 hours.
On-chain data indicates reduced activity, while technical indicators point to weakening trends. Sentiment remains mixed, as some holders still bet on Elon Musk’s influence. The absence of major catalysts continues to weigh on DOGE’s performance.
Why PEPE Could See a 100% Rally
Pepe price, despite facing a slight market correction, is gaining momentum with rising trading volume and increasing investor interest. Technical indicators suggest an imminent breakout as resistance levels continue to be tested. The frog-themed meme coin sector is surging, fueling Pepe’s hype within the crypto community.
Unlike DOGE, Pepe has significant growth potential due to its lower market cap. Additionally, Ethereum co-founder Vitalik Buterin’s purchase of 508.6 million PEPE tokens has heightened market speculation, further driving investor optimism.
Pepe price is showing a bullish pattern as it nears critical support. Currently, the meme coin is at $0.00001473, with a 5% decrease . Crypto experts predict a potential breakout from the descending channel, signaling upward momentum. Key price targets include $0.00002107 (+30%), $0.00002738 (+65%), and $0.00003394 (+100%). If resistance breaks, strong gains could follow, reinforcing market optimism around PEPE’s next move.
Should You Sell DOGE for PEPE?
The price of Dogecoin surged 351% in 2024, but Pepe (PEPE) has outperformed with a 1,300% gain. Despite recent corrections, PEPE remains one of the top performers, hinting at the potential for further growth.
DOGE price is trading 52% below its all-time high of $0.7376, reached in May 2021. In contrast, PEPE hit its peak of $0.00002825 in December 2024 and is currently down 47%.
A shift in sentiment is noticeable as traders move funds from DOGE to PEPE, seeking higher returns. PEPE’s recent accumulation phase suggests optimism among investors. DOGE’s price action, however, has been relatively stagnant, making it less appealing to risk-seeking traders.
While PEPE’s bullish momentum is tempting, investors must consider the high volatility of meme coins.
To sum up, Both Dogecoin price and PEPE present unique opportunities in the meme coin market. Investors must weigh Dogecoin’s stability against Pepe’s high-risk, high-reward potential.
The post Dogecoin Price Struggles Should You Sell DOGE for PEPE That Could Rally 100% Soon? appeared first on CoinGape.
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