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front pageToday's NewsPepe price prediction: PEPE plummeted 13 in a week, and Dogecoin derivatives approached 4 million US dollars

Pepe price prediction: PEPE plummeted 13 in a week, and Dogecoin derivatives approached 4 million US dollars

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Pepe prices have fallen 13% over the past seven days and are trading at $0.00001270 as of 00:42 AM ET. Trading volume has dropped 22%,
In the past 24 hours, the price has increased by nearly 5%.
CoinGecko data shows
.
Traders have different opinions on the next directional bias for the frog-themed token. One trader stressed that once Ethereum price shows strength, Pepe price will rebound since the Pepe meme coin runs on the Ethereum blockchain.
“I think $Pepe is looking pessimistic here.”
Bro, I don't for the life of me understand how you can be pessimistic about this chart. Get off the 5 minute time frame, sit back and enjoy the ride.
$ETH hasn’t even entered the price discovery phase yet…that’s when the next part happens.
pic.twitter.com/Bb9MH5vYvj
— Max (@MaxBecauseBTC)
June 9, 2024
Others say that a rebound in the price of Pepe depends on whether the $0.00001139 support level holds, with the potential to set new all-time highs.
$PEPE
If the white line can hold support, this will create new all-time highs
pic.twitter.com/MBqrK9xm9m
— Crypto Michael (@MichaelXBT)
June 9, 2024
Pepe Price Prediction
Pepe’s price has broken out of this technical formation since it began a series of higher highs in mid-April. However, the breakout was short-lived as the frog-themed token is now trapped in a descending parallel channel.
Although this is bearish, it cannot be ignored that the PEPE price continues to remain within an ascending parallel channel, as shown below on a one-day chart of the PEPE/USD trading pair.
According to the outlook of technical indicators, the market is tilted to the downside. The relative strength index (RSI) is recording declining highs, which means the momentum is declining. The moving average convergence divergence indicator (MACD) is also below the orange band of the signal line, highlighting the pessimistic outlook.
If rejected from the centerline of the descending wedge pattern, the price might continue to decline to test the confluence of the lower boundary of the channel and the $0.00001139 level.
In the event of a bearish scenario, the price could extend to $0.00000885 and a successful break above this level would invalidate the overall bullish outlook.


GeckoTerminal: PEPE/USD 1-day chart
On the other hand, if the bulls increase the buying pressure to overcome the resistance caused by the centerline of the descending channel, more buy orders will be encouraged. However, it will be attractive to buy PEPE only above the $0.00001409 resistance level. This will effectively mean flipping the centerline of the ascending parallel channel as support.
However, to confirm the continuation of the uptrend, investors must wait for a solid candlestick close above $0.00001800, indicating a higher high.
Given the split in opinion on PEPE’s prospects, some investors are turning to PlayDoge (PLAY), a new Dogecoin derivative that just raised more than $3.5 million in its presale.
Crypto YouTuber Jacob Bury said this could be the next meme coin with 10x potential.
A promising alternative to PEPE
PLAY is the power token of the PlayDoge ecosystem. The project promotes itself as the best Play to Earn (P2E) DOGE companion game. It is a mobile-based P2E game that transforms the iconic Doge meme into a virtual pet that resembles a digital pet.
# PlayDoge brings Tamagotchi into the 21st century.
There will be games on our app where you can earn $PLAY tokens which can be exchanged for #Crypto.✅
We give Tamagotchi the spec upgrade it deserves!
# Meme Coin
#PlayDoge
#BNB
#P2E
pic.twitter.com/8negSBSmM1
— PlayDoge (@PlayDogeGame)
June 9, 2024
PlayDoge brings the legendary Tamagotchi virtual pet concept into the new digital economy. Ecosystem participants earn cryptocurrency by playing classic 8-bit side-scrolling adventure games while reminiscing about the 90s. You are rewarded with monetary incentives based on how well you care for your pet.
Participate in our # presale now
!
#PlayDoge brings gamers and #Crypto enthusiasts together to take a trip down memory lane.
Buy your tokens now!
$PLAY
#P2E
# Meme Coin
#BNB
pic.twitter.com/BBUtS3eFqV
— PlayDoge (@PlayDogeGame)
June 4, 2024
The PLAY token is currently priced at $0.00505. This price tag will only last for about four more hours, so if you’re interested in grabbing the best deal, buy it soon.
Click here to access and purchase PlayDoge.
Also read:
How to Buy PlayDoge – $PLAY Presale Review
PlayDoge Price Prediction – PLAY Price Potential in 2024
Memecoin flash crashes, Pepe, Hooded Dog and Shiba Inu fall in 8% sector plunge
Best Altcoin Investments: Top Picks for Biggest Returns Revealed!
PlayDoge (PLAY) - The latest release on BNB chain
Rating


2D Virtual Dog Pet
Play and earn meme coin fusion
Staking and In-Game Token Rewards
SolidProof Review - playdoge.io


Participate in the pre-sale
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