Pepe Price Prediction: PEPE Drops 11% Say Experts, Consider P2E Dogecoin Derivative for 10X Gains

Baby price decreased More than 11% in the last 24 hours to trade at $0.00001055 as of 12:00 AM EST as investors unload their holdings in the meme coin.

PEPE price fell more than 9% on the weekly time frame, but remained in the green over the course of a month with a 4% gain.

Pepe price is approaching crucial support

4-hour chart of PEPE/USD (Source: GeckoTerminal)

the baby The price is approaching the major support level at $0.00000941. If it breaks below this technical crutch in the next 24 hours, it may be at risk of falling further in the short term. In this scenario, the price of PEPE could fall to $0.00000738.

On the other hand, this bearish hypothesis can be invalidated if… Same angle Able to maintain a position above the $0.00000941 support for the next 24 hours. Traders may also look to enter a long position in PEPE if the cryptocurrency does not breach this support.

The potential buying volume could push Pepe’s price to the next major resistance level at $0.00001282 in the next two days. In a very bullish scenario, PEPE price could rise to the $0.00001497 threshold.

Pepe’s price may continue to decline as technical indicators become increasingly bearish

Technical indicators on the 4-hour chart of PEPE indicate that the price of the meme coin may decline in the next 24 hours. More specifically, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are showing bearish signals.

Over the past 24 hours, the RSI has fallen below 50. This suggests that sellers have gained the upper hand over buyers, and the former may look to drag the price of Pepe down in the short term as a result. Moreover, the Relative Strength Index is sloping negatively, which could be a sign of growing bear strength.

Meanwhile, the MACD line also crossed below the MACD signal line. Traders usually see this as an indicator that the cryptocurrency is entering a negative cycle. As the gap between the two lines widens, the downward momentum appears to be getting stronger as well.

If these technical marks are validated, Pepe price could lose the $0.00000941 support and potentially fall to the next mark at $0.00000738.

With PEPE at risk of falling further in the next 24 hours, investors may seek shelter from market turmoil in pre-sale meme coins that cannot yet be traded on the open market.

PLAYa derivative of Play-To-Earn Dogecoin, could benefit given its already successful pre-sale and its clever mix of the growing memecoin and gaming verticals.

A modern version of a classic game from the 90s

PlayDoge is a modern remake of the popular Tamagotchi game. Through blockchain technology and cryptocurrencies, the project aims to reignite the popularity of these digital pets that saw millions of units sold worldwide in the 1990s.

Unlike the initial version of the game, PlayDoge comes with a token rewards element that allows for more interesting gameplay and motivates players to interact with their digital pets.

By taking care of their pets and making sure they get enough attention, food and sleep, players are rewarded with PLAY tokens. The game is also compatible with mobile devices, so players can interact with their virtual pets on the go to get more rewards.

PlayDoge’s combination of the fast-growing blockchain gaming space and the thriving meme sector has already caught the attention of popular cryptocurrency YouTuber Jacob Bury.

He concluded that the meme currency has the potential to achieve 10x gains after launch.

Investors are betting big on the game

Investors flocked to PLAY’s ICO, which has raised more than $4.6 million so far.

Besides the speculative potential and the ability of players to earn bonuses, the investor frenzy could have something to do with the lucrative betting software available to buyers at this early stage.

Anyone who purchases PLAY during the Initial Coin Offering (ICO) phase can hold their tokens for up to 161% annual rewards.

The PLAY token sells for $0.00509 and can be purchased using either ETH, USDT, BNB or bank card. Investors will want to hurry because the price rise will come in about four hours.

Buy and play here for up to 161% annual rewards before the price goes up.

Related articles:

PlayDoge (PLAY) – the latest launch on the BNB chain

• 2D Virtual Doge Pet
• Play to earn Meme Fusion Coin
• Staking and in-game token rewards
• SolidProof – playdoge.io has been audited