Pepe Price Prediction: PEPE Drops 7% in a Week as This P2E DOGE Derivative Comes Within $5M

Baby has a price decreased More than 7% in the past week after losing 3% in the past 24 hours to trade at $0.00001094 as of 12:00 AM EST.

The recent losses were enough to flip PEPE into the red over the past month as well.

Pepe price loses major support

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

the baby The price tried to break above the negative medium-term trend line that appeared on its charts. It managed to beat this mark briefly, but the rejection from the $0.00001216 resistance level in the last 24 hours caused PEPE to fall back below the bearish line.

Traders also pulled Pepe’s price below the immediate support at $0.00001105. If the cryptocurrency fails to regain a position above this mark in the next 12 hours, it could be at risk of falling to as low as $0.00001002 in the short term.

On the other hand, a PEPE close of 4-hour candle above the $0.00001105 mark in the next 12 hours may invalidate the bearish thesis. In this alternative scenario, Pepe price may attempt to challenge the negative trend line.

A break above this threshold could give the meme coin the technical foundation needed to rally to the aforementioned resistance level of $0.00001216. The persistent buying pressure should continue baby Reaching this point may lead to the price of Pepe crossing the technical hurdle to continue rising in the next two days.

Pepe price could continue to decline with technical indicators showing a downward trend

Technical indicators on the 4-hour chart of PEPE indicate that the price of the cryptocurrency may continue to decline in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are flashing lower.

Over the past 24 hours, the RSI has fallen below the 50 level. Traders usually see this as a sign that sellers have gained the upper hand over buyers. If this is true in this case, it may be easier for the bears to drag Pepe’s price down than for the bulls to push it up in the next 24 hours.

Meanwhile, the MACD is about to trigger a major bearish technical flag. Currently, the MACD line is looking to cross below the MACD signal line on the 4-hour chart. The intersection between these two lines may indicate that the price of Pepe has entered a short-term negative phase.

As PEPE tries to overcome the downward pressure that has entered its charts, the pre-sale of the Play-To-Earn Dogecoin derivative PLAY On the cusp of reaching $5 million.

Meme coin mania combined with the growing Blockchain gaming sector

Meme coins have been a hot topic in the cryptocurrency space over the past few weeks. Looking to capitalize on this hype is PlayDoge (PLAY).

Growing a presence in the vibrant meme space is tough for many cryptocurrencies, but not playing. This is because the project is reviving a classic game from the 90s that sold more than 82 million units globally on that day.

Based on the viral Tamagotchi game, PlayDoge offers more interesting gameplay by incorporating token rewards enabled through blockchain technology and cryptocurrencies.

Unlike its predecessor, PlayDoge’s iteration of the game will reward players for taking care of their digital pets. By making sure their virtual companions get enough sleep, food, and attention, players can win gameplay.

Moreover, PlayDoge is compatible with mobile devices. This means that players can collect rewards on the go as well.

Its appeal to cryptocurrency investors, known for pumping up cryptocurrency prices, and its Play-To-Earn function have attracted the attention of analysts. Popular cryptocurrency YouTuber Jacob Burry recently told his 40.9k subscribers that PLAY could be a 10X opportunity.

Competitive staking rewards for ICO buyers

Investors are rushing to buy PLAY at this early stage, as evidenced by the success of the pre-sale so far. Investor frenzy around the new meme coin is likely to continue due to the lucrative betting opportunity available to buyers before the sale. Anyone who buys and closes PLAY during its ICO will get access to 142% APY.

To take advantage of this opportunity, investors can take advantage of the simple purchasing tool included on the project’s website. The token sells for $0.00511 and can be purchased using ETH, USDT, BNB or bank card.

Investors will want to hurry because the price of the memecoin is set to rise in about two days.

Buy and play here for 142% APY before its price soars.

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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