Pepe

PEPE

The Pepe price has <a href="https://www.geckoterminal.com/eth/pools/0x11950d141ecb863f01007add7d1a342041227b58">plunged</a> more than 7% in the past week following a 3% loss in the past 24 hours to trade at $0.00001094 as of 12:00 a.m. EST. 
The recent losses were enough to flip PEPE into the red over the past month, too.&nbsp; 
<h2 id="span-style-font-weight-400-the-pepe-price-loses-a-key-support-span">The Pepe Price Loses A Key Support</h2> 
<img decoding="async" src="https://s3.tradingview.com/snapshots/f/ff8eOsem.png" alt="PEPE Chart Image"> 
4-hour chart for PEPE/USD (Source: <a href="https://www.tradingview.com/x/ff8eOsem/">GeckoTerminal</a>) 
The <a href="https://insidebitcoins.com/news/pepe-price-prediction-pepe-pumps-7-but-holders-pivot-to-this-parabolic-doge-p2e-ico-thats-raised-almost-5m-in-3-weeks">Pepe</a> price attempted to break above a negative medium-term negative trend line that emerged on its charts. It managed to briefly overcome this mark, but a rejection from the $0.00001216 resistance level in the last 24 hours caused PEPE to plunge back below the descending line. 
Traders also pulled the Pepe price below the immediate support at $0.00001105. Should the crypto fail to reclaim a position above this mark within the next 12 hours, it could be at risk of plunging to as low as $0.00001002 in the short term. 
On the other hand, PEPE closing a 4-hour candle above the $0.00001105 mark in the next 12 hours could invalidate the bearish thesis. In this alternative scenario, the Pepe price might try to challenge the negative trend line.&nbsp; 
A break above this threshold could then give the meme coin the technical foundation needed to potentially rise to the aforementioned $0.00001216 resistance.Continued buy pressure should <a href="https://insidebitcoins.com/news/pepe-coin-price-prediction-investor-confidence-in-pepe-amid-market-downturns">PEPE</a> reach this point might then lead to the Pepe price overcoming the technical obstacle to continue to rise in the following couple of days. 
<h2 id="span-style-font-weight-400-the-pepe-price-could-keep-falling-as-technicals-flash-bearish-span">The Pepe Price Could Keep Falling As Technicals Flash Bearish</h2> 
Technical indicators on PEPE’s 4-hour chart suggest the crypto’s price could keep falling in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flashing bearish. 
Throughout the past 24 hours, the RSI line dropped below 50. Traders usually see this as a sign that sellers have gained the upper hand against buyers. If this is true in this case, it might be easier for bears to pull the Pepe price down than it will be for bulls to push it up in the next 24 hours. 
Meanwhile, the MACD is on the verge of triggering a major bearish technical flag. Currently, the MACD line is looking to cross below the MACD Signal line on the 4-hour chart. An intersection between these two lines could indicate that the Pepe price has entered a negative short-term phase. 
As PEPE tries to overcome the bearish pressure that has entered its charts, the presale for Play-To-Earn Dogecoin derivative <a href="https://insidebitcoins.com/visit/playdoge" rel="nofollow">PlayDoge (PLAY)</a> is on the cusp of hitting $5 million. 
<h2 id="span-style-font-weight-400-meme-coin-mania-combined-with-the-growing-blockchain-gaming-sector-span">Meme Coin Mania Combined With The Growing Blockchain Gaming Sector</h2> 
Meme coins have been a hot topic in the crypto space over the past few weeks. Looking to capitalize on this hype is PlayDoge (PLAY).&nbsp; 
Growing a presence within the vibrant meme coin space is a tough ask for many cryptos, but not PLAY. This is because the project is reviving a ’90s gaming classic that sold over 82 million units globally back in the day. 
Based on the viral Tamagotchi game, PlayDoge introduces much more interesting gameplay by incorporating tokenized rewards that are enabled through blockchain and crypto technology. 
Unlike its predecessor, PlayDoge’s iteration of the game will reward players for taking care of their digital pets. By making sure that their virtual companions get enough sleep, food and attention, players can earn PLAY. 
What’s more, PlayDoge is mobile friendly. This means that players can accumulate rewards on the move as well. 
Its appeal to meme coin investors, who are known to pump crypto prices, and its Play-To-Earn function have caught the attention of analysts. Renowned crypto YouTuber Jacob Bury recently told his 40.9k subscribers that PLAY could be a 10X opportunity. 
<iframe title="Best Play to Earn Token to Buy Now?! Can This Crypto 10X Your Money?! $PLAYDOGE" width="640" height="360" src="https://www.youtube.com/embed/es2I0T58x0Y?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
<h2 id="span-style-font-weight-400-competitive-staking-rewards-for-ico-buyers-span">Competitive Staking Rewards For ICO Buyers</h2> 
Investors are rushing to buy PLAY at this early stage, which is evident by the success of its presale to date. This investor frenzy around the new meme coin is likely to continue given the lucrative staking opportunity available to presale buyers. Anyone who purchases and locks up PLAY during its ICO gains access to a 142% APY. 
To get in on this opportunity, investors can utilize the simple buy widget embedded on the project’s website. The token is selling for $0.00511 and can be bought using either ETH, USDT, BNB or bank card. 
<img decoding="async" class="alignnone wp-image-535800" src="https://insidebitcoins.com/wp-content/uploads/2024/06/PlayDogeTweet-248x300.jpg" alt="" width="484" height="585" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/PlayDogeTweet-248x300.jpg 248w, https://insidebitcoins.com/wp-content/uploads/2024/06/PlayDogeTweet-768x930.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2024/06/PlayDogeTweet.jpg 898w" sizes="(max-width: 484px) 100vw, 484px"> 
Investors will want to hurry because the meme coin’s price is scheduled to increase in about two days. 
<a href="https://insidebitcoins.com/visit/playdoge" rel="nofollow">Purchase and stake PLAY here for the 142% APY before its price increases.</a> 
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3> 
<ul> 
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e/">Upcoming Crypto Presales: Unlock Early Investment Opportunities!</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/base-meme-coins-go-ballistic-with-17-surge-as-flower-pov-and-berf-lead-the-charge">Base Meme Coins Go Ballistic With 17% Surge As FLOWER, POV And BERF Lead The Charge</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/5-best-cheap-crypto-to-buy-now-under-1-dollar-june-20-flow-polygon-hedera-gala">5 Best Cheap Crypto to Buy Now Under 1 Dollar June 20 – Flow, polygon, Hedera, Gala</a></li> 
</ul>

Pepe Price Prediction: PEPE Plunges 7% In A Week As This P2E DOGE Derivative Comes Within A Whisker Of $5 Million

목차

Inside Bitcoins

2024년 6월 21일에 게재된 다른 기사

Analyst Advises To Stay Away From Stacking Stagnant Altcoins Like XRP and ADA

Shiba Inu Team Member Teases New Game Development, What Could It Be?

MicroStrategy’s Double Move: BTC Purchase and $800 Convertable Note Offerings

Next-Gen Privacy Hits Blockchain: Aleph Zero Unveils Game-Changing ZK-Privacy Tech on EVM

Forward Hackathon Triumph: Indian Spiders Shine with Innovative PreSale Contract Template

SEC Approves Spot ETH ETFs

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!