Dogecoin Price Prediction: DOGE Drops 4% as Investors Flock to Meme Coin That Lets You Play to Win Money with Potential to Multiply Your Profits by 10x

Dogecoin price Projection Bitcoin is up more than 4% over the past 24 hours to trade at $0.1315 as of 11:45 p.m. ET, as investors sell their holdings in the doggy-themed cryptocurrency.

After the recent pullback, the cryptocurrency’s weekly and monthly performance is still in the green. DOGE price is up more than 4% over the week and up more than 7% in the past month.

Dogecoin price tests critical support level

4-hour chart of DOGE/USD (Source: Gecko Terminal)

the Dogecoin The price has lost the key support level at $0.1376 in the past few days and is now testing the next level at $0.1290. A decline below this next critical point could put DOGE at risk of falling to a low of $0.1165 in the near term.

However, Dogecoin price maintaining a position above $0.1376 in the next 12 hours may invalidate the bearish thesis. In this alternative scenario, same angle It may try to regain support at 0.1376.

A 4-hour candle close above this threshold in the next 48 hours could give DOGE the foundation needed to rally to the next major resistance level at $0.1451.

Dogecoin price shows technical weakness

Technical indicators on the DOGE 4-hour chart warn that the altcoin’s price could continue to decline in the next 24 hours. More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bearish signals.

The MACD line has crossed below the MACD signal line in the last 24 hours. Traders usually see this as a sign that the cryptocurrency has entered a short-term bearish trend. Moreover, the widening gap between the two technical indicators may indicate that DOGE’s bearish momentum is intensifying.

Meanwhile, the RSI readings have been declining throughout the past trading day as well. During this period, the indicator dropped from 61 to below 50. The 50 level is often considered a technical benchmark when traders and analysts examine the RSI. An RSI reading below this point is considered bearish, while a value above 50 is considered bullish.

While DOGE is showing technical weakness, the meme coin that is being played to make money Play Dog It shows nothing but strength as its pre-sales are on track to raise $6 million in funds.

Reviving a classic game to create a new Meme Coin

PlayDoge is a dog-themed cryptocurrency that is somewhat similar to the largest meme coin by market cap, Dogecoin. DOGE has inspired a new wave of cryptocurrencies that rely primarily on their communities to make an impact in the market. However, investors are turning their attention these days to tokens that offer more utility.

With its meme coins and play-to-earn gameplay appeal, PlayDoge is looking to lead a new category of meme coins whose success is not primarily dependent on its followers.

To this end, the project is introducing an improved version of the popular Tamagotchi toy. In the 1990s, Tamagotchi pets were a huge success, selling millions of units worldwide.

By combining blockchain technology and cryptocurrencies, PlayDoge will launch a modern version of the classic game that is fit for the 21st century. One of the major updates that PlayDoge will introduce is the ability for players to earn cryptocurrencies in exchange for caring for their pets.

By ensuring their digital friends get enough love, food, and sleep, players can earn gameplay.

PlayDoge will also offer mobile support, meaning players can interact with their pets on the go. This will open up the opportunity for players to earn additional rewards.

Playdog’s meme roots and in-game rewards caught the attention of an analyst from YouTube channel 99Bitcoins, which has over 705,000 subscribers. In a recent video, the analyst said that Playdog “could be really huge,” adding that it could be the next cryptocurrency to 10x.

Investors are betting big on PLAY’s future

The ongoing presale of PlayDoge has already sent over $5.8 million, indicating strong investor confidence in the future of the project. In addition to its 10x potential, there is also an attractive investment opportunity that could be another reason for investors to rush to buy PLAY.

Anyone who buys and locks the token at this early stage gets access to 82% APY.

Qualifying for these rewards is simple, as investors only need to acquire the token via the easy-to-use purchase tool built into the project’s website.

PLAY is sold for $0.00522, and PLAY can be purchased using BNB, USDT, ETH, or a bank card. Investors may want to hurry because the price of PLAY is set to rise in just over two days.

Buy PLAY here before its next price increase.

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