Pepe Price Prediction: PEPE Plummets 11% As Experts Say Consider This P2E Dogecoin Derivative For 10X Gains

Pepe Coin Plunges Over 11%, Faces Crucial Support

The Pepe cryptocurrency has witnessed a significant drop of over 11% within the past 24 hours, trading at $0.00001055 as of 12:00 a.m. EST. This decline in value is attributed to investors shedding their holdings in the meme coin.

Pepe Price Faces Critical Support

On the weekly timeframe, the Pepe price has declined by over 9%. However, it maintains a positive position over the monthly timeframe, with a 4% gain.

Currently, the Pepe price is hovering near crucial support at $0.00000941. A breach below this technical level within the next 24 hours could expose it to further downside risk in the short term, potentially dropping as low as $0.00000738.

Conversely, if the meme coin manages to hold above $0.00000941 for the next 24 hours, this bearish scenario could be invalidated. Traders may consider entering long positions if this support is maintained.

The potential influx of buying volume could push the Pepe price towards the next major resistance level at $0.00001282 within the following few days. In an extremely bullish scenario, PEPE could potentially surge to $0.00001497.

Technical Indicators Suggest Bearish Sentiment

Technical indicators on Pepe's 4-hour chart indicate a potential decline in price over the next 24 hours. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are displaying bearish tendencies.

The RSI has fallen below 50 over the past 24 hours, suggesting that sellers have gained momentum against buyers. Its negative slope further supports this bearish outlook.

Additionally, the MACD line has crossed below the MACD Signal line, indicating a potential entry into a negative cycle. The growing gap between the two lines suggests increasing bearish momentum.

If these technical signals hold true, the Pepe price could break below $0.00000941 and potentially fall to $0.00000738.

Presale Meme Coins Offer Shelter

With Pepe facing the possibility of further losses within the next 24 hours, investors may seek shelter in presale meme coins that are yet to be traded on the open market.

PlayDoge (PLAY), a Play-To-Earn Dogecoin derivative, presents a potential opportunity given its successful presale and the combination of the growing meme coin and gaming sectors.

PlayDoge: A Modern Gaming Revival

PlayDoge is a modern adaptation of the classic Tamagotchi game. Utilizing blockchain and crypto technology, it aims to rekindle the popularity of digital pets that sold millions of units worldwide in the 1990s.

Unlike the original game, PlayDoge introduces a tokenized rewards system that enhances gameplay and incentivizes players to interact with their digital pets. By caring for their pets, players can earn PLAY tokens.

Its mobile-friendly interface allows players to interact with their virtual pets on the go, potentially earning additional rewards.

PlayDoge's confluence of the rapidly expanding blockchain gaming sector and the flourishing meme coin segment has garnered attention from prominent crypto YouTuber Jacob Bury. He believes the meme coin holds the potential to deliver 10x returns post-launch.

Investors Stake Big on PLAY

Investors have eagerly invested in PLAY's ICO, raising over $4.6 million thus far. Besides its speculative potential and reward-earning abilities for players, the investor frenzy can be attributed to its lucrative staking program for early buyers.

During the ICO phase, PLAY purchasers can lock their tokens for up to 161% in annual rewards. The PLAY token is currently priced at $0.00509 and can be purchased using ETH, USDT, BNB, or bank cards. Investors are advised to act swiftly as a price increase is expected within approximately four hours.