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Pepe prices have surged by 10% in the past 24 hours and are currently trading at $0.00002199 as investors flock to the cryptocurrency market to re-buy.
PEPE's price increase comes as almost all other popular meme coins have seen losses over the past 24 hours. The largest meme coin by market cap, Dogecoin (DOGE), fell more than 1%, and Shiba Inucoin (SHIB) fell more than 2%. While Dog with a Hat (WIF) rose slightly over the same time frame.
According to data provided by CoinMarketCap, the top meme coins by market capitalization
Pepe price is challenging major resistance
The 4-hour chart of PEPE/USD shows that Pepe price is attempting to break above the $0.00001278 resistance level. If it can successfully close above this level in the next 12 hours, the memecoin may have the technical foundation needed to continue its upward trend.
Traders could then consider entering a long position in PEPE, which could push the price of this altcoin to the next major resistance level of $0.00001528. If buying pressure continues after the PEPE price reaches this point, the cryptocurrency price could rise further to $0.00001887 in the short term.
On the other hand, a rejection at the $0.00001278 mark within the next 12 hours could invalidate the bullish view. In this alternative scenario, the memecoin could be at risk of testing the immediate support level of $0.00000941. If sellers continue to exert pressure on the altcoin price, PEPE could even drop to $0.00000745.
Technical indicators show Pepe prices could continue to rise
Technical indicators on PEPE’s 4-hour chart suggest that the cryptocurrency’s positive run is not over yet. Both the relative strength index (RSI) and the moving average convergence divergence (MACD) indicators are showing bullish signals.
The MACD line has rebounded from the MACD signal line over the past 24 hours. This suggests that buyers entered the memecoin’s chart in a timely manner, preventing the cryptocurrency from entering a bearish phase.
With this rebound, Pepe price started to rise as the MACD line started to cross upwards above the MACD signal line. The widening gap between the two technical indicators could be a sign that bullish momentum is building for PEPE.
Buyers appear to be gradually gaining an advantage over sellers, as shown by the RSI value. Although the RSI remains below 50, the positive slope of the technical indicator could be an early sign that bulls are taking advantage from bears. An RSI crossing above 50 in the next 24 hours could signal a continuation of the positive trend in PEPE.
As Pepe attempts to break through major resistance, investors are piling into PlayDoge as its presale is set to hit the $4 million milestone.
Reviving a Classic Game
PlayDoge is a digital pet-like game-earning crypto project that aims to bring back a classic game that was a huge success in the 1990s, but players had limited experience and the virtual pets would eventually die after a short period of time.
Using blockchain and crypto technology, PlayDoge will deliver a more modernized version of the once popular game while rewarding players with PLAY tokens. Players can increase their earnings by feeding, entertaining, training, and making sure their virtual pets get enough sleep.
Additionally, PlayDoge will be compatible with mobile technology, allowing users to interact with their characters anytime, anywhere.
In a recent YouTube video, Cilinix Crypto analyzed the memecoin and said it has potential, especially for investors who buy in early.
Riding the memecoin craze
PlayDoge capitalizes on the iconic Doge meme, which has inspired six of today’s top ten memecoins. This, coupled with the growing interest in blockchain gaming projects, has attracted investors.
Millions of dollars have already been invested into PLAY’s ICO, with presales set to pass the $4 million milestone soon. As investors continue to accumulate this new memecoin, there’s still time to buy PLAY tokens at this early stage.
Selling for $0.00506, PLAY can be purchased using ETH, BNB, USDT, or bank cards using the simple purchase widget embedded on the project’s official website.
Anyone looking to acquire the token should act quickly as its price is expected to rise in about five hours.
Buy and stake PLAY tokens to enjoy annual rewards up to 259%. Buy and stake PLAY here before the price rises. Related articles: Upcoming Crypto Presale: Unlock Early Investment Opportunities! Base Crypto BRETT Challenges BONK, Competes for the Position of the Sixth Largest Meme Coin HSBC China Launches e-CNY Service for Corporate Clients, Leading the Way for Foreign Banks PlayDoge (PLAY) - The Latest Token Launched on BNB Chain Rating 2D Virtual Dog Pet Game Meme Coin Fusion Staking and Game Token Rewards SolidProof Audit - playdoge.io Join the Presale Join our Telegram channel for the latest breaking news coverage

Pepe price prediction: PEPE surges 10% to surpass DOGESHIB and WIF, new P2E hot currency rushes to $4 million
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