The Pepe Price Plunges 7% As Experts Say This P2E Doge Derivative Might Be The Best Meme Coin To Buy Now

The
Pepe
price


plunged

more
than
7%
over
the
past
24
hours
to
trade
at
$0.00001185
as
of
12:00
a.m.
EST
as
investors
dump
their
holdings
in
the


meme
coin.

The
PEPE
price
is
now
down
more
than
17%
in
the
past
week,
although
it’s
still
in
the
green
by
more
than
18%
in
the
last
month.  

The
Pepe
Price
Loses
A
Key
Support

4-hour
chart
for
PEPE/USD
(Source:


GeckoTerminal)

The
Pepe
price
dropped
below
the
key
support
at
$0.00001282
over
the
past
24
hours.
PEPE
is
now
at
risk
of
falling
to
the
subsequent
mark
at
$0.00000953
as
a
result.
Continued
sell
pressure
if
the
meme
coin
falls
to
this
point
might
then
lead
to
the
Pepe
price
plummeting
to
as
low
as
$0.00000738
in
the
short
term.

However,
this
bearish
thesis
could
be
invalidated
if
PEPE
is
able
to
close
a
4-hour
candle
above
$0.00001282
within
the
next
24
hours.
Traders
might
then
look
to
enter
into
a
long
position
for
the
meme
coin,
which
could
boost
the
Pepe
price
to
the
next
major
resistance
level
at
$0.00001535.

In
an
extremely
bullish
scenario,


PEPE

might
attempt
to
flip
the
$0.00001535
resistance
into
support.
This
could
then
give
it
a
strong
technical
foundation
to
rise
off
from
and
potentially
climb
to
$0.00001889.

Technicals
Warn
That
The
Pepe
Price
Might
Keep
Falling

Technical
indicators
on
PEPE’s
4-hour
chart
suggest
the
Pepe
price
might
keep
dropping
in
the
next
24
hours.
More
specifically,
the
Relative
Strength
Index
(RSI)
and
the
Moving
Average
Convergence
Divergence
(MACD)
indicators
are
flagging
bearish.

The
RSI
is
positioned
below
50,
which
traders
usually
see
as
a
sign
that
bears
have
the
upper
hand
against
bulls.
Should
sellers
choose
to
capitalize
on
this
advantage,
it
will
be
easier
for
them
to
pull
the
Pepe
price
down
in
the
next
24
hours
than
it
will
be
for
buyers
to
push
it
up
during
the
same
period.

Meanwhile,
the
MACD
line
is
positioned
bearishly
below
the
MACD
Signal
line
to
indicate
that
PEPE
is
in
a
negative
short-term
cycle.
With
the
MACD
line
breaking
away
below
the
MACD
Signal
line,
it
seems
that
the
bearish
momentum
is
growing
stronger
as
well.

If
these
technical
flags
are
validated,
the
Pepe
price
could
soon
drop
to
the
$0.00000953
support.

With
PEPE
at
risk
of
dropping
even
more
in
the
upcoming
24
hours,
traders
might
want
to
consider
presale
meme
coins
that
are
not
yet
trading
on
the
open
market
for
safety.

One
such
crypto
is


PlayDoge

(PLAY),
which
has
rocketed
past
$4
million
in
funds
raised
in
slightly
more
than
2
weeks
since
its
ICO
went
live.

Distributed
Ledger
Technology
Combined
With
A
Touch
Of
’90s
Nostalgia

PlayDoge
is
a
play-to-earn
meme
coin
project
that
is
introducing
a
modern
version
of
the
viral
Tamagotchi
game
to
the
market. 

In
the
’90s,
over
82
million
Tamagotchi
units
were
sold
worldwide.
Now,
PlayDoge
is
looking
to
reignite
the
global
obsession
with
these
virtual
animals
by
introducing
a
new
iteration
of
the
game
with
more
interesting
gameplay.

Through
the
use
of
blockchain
and
crypto
technology,
the
project
gives
players
access
to
a
tokenization
element
that
rewards
them
for
taking
care
of
their
virtual
pets.
Unlike
the
legacy
version
of
the
game,
PlayDoge
is
also
mobile
friendly.
This
means
that
players
can
interact
with
their
digital
animals
on
the
go
to
potentially
earn
more
rewards.

A
Possible
100X
Opportunity

An
analyst
from
the
Cryptonews
YouTube
channel
recently
analyzed
PLAY.
In
the
video,
he
said
PlayDoge
has
“huge”
potential
and
could
generate
100x
returns
for
buyers. 

Investors
are
betting
big
on
PLAY
at
this
early
stage,
and
have
sent
more
than
$4.2
million
to
its
ICO
so
far.
In
addition
to
its
speculative
potential,
anyone
who
buys
the
token
through
its
ICO
will
also
gain
access
to
a
lucrative
staking
opportunity
offering
a
201%
annual
yield.

To
become
eligible
for
these
rewards,
investors
can
purchase
PLAY
through
the
easy-to-use
buy
widget
embedded
on
the
project’s
official
website.
ETH,
USDT,
BNB
or
bank
cards
can
be
used
to
buy
the
token,
which
is
selling
for
$0.00507.

Investors
might
want
to
act
fast
because
the
meme
coin’s
price
is
set
to
increase
in
slightly
more
than
four
hours.

Purchase
and
stake
PLAY
here
before
its
next
price
increase.

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