Dogecoin Price Prediction: DOGE Plummets 10% In A Week As This Play To Earn Meme Coin Races Towards $4 Million

The
Dogecoin
price
is
down
10%
in
the
last
7
days
and
3%
in
the
past
24
hours
to
trade
for
$0.1407
as
of
00:01
a.m.
EST.

Popular
trader
Crypto
Tony
anticipates
massive
volatility
for
the
Dogecoin
price,
with
his
chart
indicating
that
DOGE
is
still
in
price
discovery
phase.

$DOGE
/

$USD
–
Update

Plan
of
action
on
DOGE
and
the
remainder
of
the
market
really

pic.twitter.com/KIW7jtMGP7

—
Crypto
Tony
(@CryptoTony__)

June
10,
2024

Elsewhere,
and
based
on
Santiment
data,
DOGE
has
seen
a
significant
increase
in
whale
activity
since
the
beginning
of
June.
Specifically,
the
number
of
large
transactions
has
grown
rapidly
with
the
Dogecoin
price
still
in
a
narrow
range.

Dogecoin
Price
Prediction

The
Dogecoin
price
is
trading
with
a
bearish
bias
despite
efforts
by
DOGE
bulls
to
take
control.
Evidence
of
this
effort
is
shown
by
the
short-lived
break
above
the
trendline
of
the
Fibonacci
indicator
(diagonal).

Currently,
the
bears
dominate
the
DOGE
market,
seen
with
the
position
of
the
Relative
Strength
Index
(RSI)
below
the
mean
level
of
50.
The
lower
highs
of
this
momentum
indicator
show
growing
overhead
pressure
that
could
see
the
Dogecoin
price
extend
the
fall.

Likewise,
the
Moving
Average
Convergence
Divergence
(MACD)
is
below
the
orange
band
of
the
signal
line.
This
typically
indicates
a
potential
bearish
signal,
showing
that
the
momentum
of
the
asset’s
price
may
be
shifting
downward.
Simply
put,
when
the
MACD
line
crosses
below
the
signal
line,
it
may
suggest
a
possible
sell
signal
or
a
time
to
exit
a
long
position.

With
the
current
outlook,
the
Dogecoin
price
could
extend
the
fall
to
test
the
$0.1300
psychological
level.
In
a
dire
case,
the
downtrend
could
extend
to
the
bottom
of
the
market
range
at
$0.1214.

GeckoTerminal:
DOGE/USDT
1-day
chart

On
the
other
hand,
if
the
bulls
resurface,
the
Dogecoin
price
could
recover,
potentially
overcoming
resistance
due
to
the
descending
trendline.
Such
a
breakout
would
entice
more
buy
orders,
with
the
ensuing
demand
pressure
possibly
enough
to
see
the
Dogecoin
price
foray
into
the
Fibonacci
Golden
Zone.
This
extends
from
$0.1616
to
$0.1865,
earmarked
by
the
61.8%
and
38.2%
Fibonacci
retracement
levels
respectively.

A
successful
break
and
close
above
the
$0.1865
level
would
have
vindicated
the
Dogecoin
price
from
the
foothold
of
the
Fibonacci
indicator,
paving
the
way
for
an
extended
move
north.

Meanwhile,
PLAY,
a
new
DOGE
derivative
ICO,
is
turning
heads
as
the
play-to-earn
meme
coin
races
towards
$4
million
in
funds
raised.
YouTuber
Jacob
Bury
says
it
is
a
new
10X
potential
meme
coin.

Promising
Alternative
To
Dogecoin

The
PLAY
token
is
the
native
cryptocurrency
for
the

PlayDoge
project.
This
is
a
mobile-based
play-to-earn
(P2E)
game
that
transforms
the
DOGE
meme
into
a
Tamagotchi-style
virtual
pet.
This
allows
users
to
seamlessly
earn
$PLAY
tokens.

The
secret
behind
my
strength
is
simple:

$PLAY
tokens
????#PlayDoge

#MemeCoin

#Play2Earn

#BNB

pic.twitter.com/zUk4lbBLku

—
PlayDoge
(@PlayDogeGame)

June
10,
2024

The
project
is
based
on
the
mascot
PlayDoge,
a
virtual
dog
acting
as
a
P2E
companion
where
players
timely
feed,
train,
and
play
with
their
2D
Doge,
earning
$PLAY
tokens
in
the
process.

In
this
way,
PlayDoge
monetizes
gameplay
using
the
$PLAY
token
while
introducing
a
globally
resonant
meme
at
the
same
time.

Token
holders
can
also
earn
passively
through
the
project’s
staking
option
by staking
PLAY
tokens for
an
annual
percentage
yield
(APY)
of
302%.

BIG
NEWS!

#PlayDoge
has
gone

#MultiChain
????

#Staking
is
now
available
on
both

#BNB
and

#ETH
chains
allowing
even
more

$PLAY
rewards!
????????

Staking
rewards
will
vary
per
chain????

Buy
and
Stake

$PLAY
tokens
in

#Presale
now!
????????

https://t.co/JT0VEofqf2

pic.twitter.com/UBQsvOQ8Y3

—
PlayDoge
(@PlayDogeGame)

June
7,
2024

$PLAY
runs
on
the
BNB
Smart
Chain,
which
means
that
the
token
is
on
the
radar
of
the

Binance
listing
team.
With Binance
being
the
largest
centralized
exchange
in
crypto,
a
listing
on
the
exchange
would
increase
its
accessibility
and
liquidity.

#PlayDoge
bagging
another
Big
W
today,
raising
$3.5M
in
our

#Presale!
????????

ICYMI:
We’ve
gone

#MultiChain!
????????#Staking
is
now
live
on
both

#BNB
and

#ETH
chains,
offering
even
more

$PLAY
????

Rewards
vary
per
chain
????

Buy
Now!
????

https://t.co/JT0VEofqf2#MemeCoin

#P2E

#Crypto

pic.twitter.com/XghA0jlfbU

—
PlayDoge
(@PlayDogeGame)

June
10,
2024

You
can
buy
$PLAY
tokens
for
$0.00506
each.
With
a
price
hike
coming
in
just
over
a
day,
buy
soon
if
you
are
interested
to
lock
in
the
best
deal.
Fast-moving
investors
have
already
sent
$3.78
million
to
the
project.

Buy
PlayDoge
on
the
official
website
here.

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