Pepe Price Prediction PEPE plunges 5 investors turn to this Dogecoin derivative and its 111 annualized return

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In the past 24 hours, Pepe’s price has dropped by 5% to trade at $0.00001434, with trading volume down 36% to $903 million as of 00:49 AM ET.
This comes as the memecoin market has lost 1% in the past 24 hours, with a market cap of $64 billion.
Pepe Price Prediction- Bulls eyeing breakout of bullish bandage pattern
Pepe prices have been surging over the past month, with bulls pushing PEPE through a period of upward movement, reaching an all-time high of $0.00001717 on May 27, data from GeckoTerminal shows.
However, as the bulls could not recapture this high, PEPE has been fluctuating within this range, forming a bullish bandage pattern. The current pullback has allowed the bulls to retreat to the support level of approximately $0.00001411, which they seem to be using to initiate a rebound towards the upper boundary of the band.
Supported by this slight pullback, PEPE is trading below the 50-day simple moving average (SMA), with bulls aiming to keep the Pepe price within this critical support level of approximately $0.00001469. PEPE is trading well above the 200-day SMA, which could indicate that the coin remains in a long-term bullish position.
Moreover, the Relative Strength Index (RSI) is trending down and is trading towards the 30-oversold level and is currently trading at 45.
If the bears continue to apply pressure, Pepe might break out of the lower boundary of the band and push the coin’s price to the next support area around $0.00001208, which is in line with the 200-day SMA.
In the opposite scenario, the bulls might take advantage of the current support at $0.00001411 to push PEPE towards the upside and target a new all-time high at $0.00002151.
Meanwhile, as PEPE price bulls look for buy signals, investors are piling into PlayDoge (PLAY), a new presale project that has raised over $2.8 million in just over a week.
PlayDoge presale exceeds $2.8 million - buy and stake to get an annualized rate of return of 111%
PlayDoge (PLAY) is a mobile-based play-to-earn game that transforms the iconic Doge meme into a virtual pet that resembles a digital pet.
PlayDoge is a P2E companion based on a virtual dog. The project provides an immersive P2E experience inspired by the much-loved concept of digital pets. The model allows users to take care of their virtual pets, earning $PLAY tokens as direct monetary rewards in the process.
Token holders can also pledge $PLAY and receive an annualized percentage yield (APY) of 111%.
According to Jacob Bury, a well-known cryptocurrency analyst on YouTube, $PLAY is expected to grow 10 times after its upcoming launch.
You can buy $PLAY token for $0.00504 each. The price will go up in less than 2 days, buy as soon as possible to lock in the best deal.
To participate in the presale, purchase $PLAY using BNB, USDT or bank card from the official website here.