Join our Telegram channel for the latest news coverage. Pepe prices have fallen more than 7% in the past 24 hours and are trading at $0.00001185. As of 12:00 AM ET, investors are selling their emojis, causing the price to fall. Although Pepe prices have fallen more than 17% in the past week, they are still up more than 18% in the past month.
Pepe price loses a key support
PEPE/USD 4-hour chart (Source: GeckoTerminal)
Over the past 24 hours, Pepe price has fallen below the critical support of $0.00001282. Due to this, PEPE now has the potential to drop to the subsequent mark of $0.00000953. If the emoji coin falls to this point, continued selling pressure could cause the Pepe price to plummet to $0.00000738 in the short term.
However, this bearish view may be negated if PEPE is able to close above the 4-hour candlestick chart of $0.00001282 within the next 24 hours. Traders may then consider entering long positions for the emoji coin, which could push the PEPE price up to the next major resistance level of $0.00001535.
In an extremely bullish scenario, PEPE could attempt to turn the resistance at $0.00001535 into support. This could provide it with a strong technical base from which to expect a rise to $0.00001889.
Technical indicators warn Pepe prices may continue to fall
Technical indicators on the 4-hour chart of PEPE suggest that the Pepe price may continue to fall over the next 24 hours. Specifically, the relative strength index (RSI) and the moving average convergence divergence (MACD) indicators are showing bearish signals.
The RSI is below 50, which traders often see as a sign that bears have the upper hand. If sellers choose to take advantage of this, it will be easier for them to pull the price of Pepe lower over the next 24 hours, while it will be more difficult for buyers to push the price higher during the same period.
Meanwhile, the MACD line is below the MACD signal line, indicating that PEPE is in a negative short-term cycle. As the MACD line crosses below the MACD signal line, it looks like the bearish momentum is also building.
If these technical signs are validated, Pepe price could soon drop to the $0.00000953 support level.
As PEPE has the potential to drop further over the next 24 hours, traders may want to consider those pre-sale emojis that are not yet traded on the open market for safety.
One of these cryptocurrencies is PlayDoge (PLAY), which has raised over $4 million in just over two weeks since its ICO went live.
Distributed ledger technology meets 90s nostalgia
PlayDoge, a play-to-earn emoji token project, is bringing a modernized version of the viral digital pet game to the market.
More than 82 million digital pets were sold worldwide in the 90s. Now, PlayDoge hopes to reignite the global craze for these virtual animals with a new version of the game that offers more fun ways to play.
Through blockchain and crypto technology, the project provides players with a tokenized element that rewards them for taking care of their virtual pets. Unlike traditional versions of the game, PlayDoge also supports mobile devices. This means that players can interact with their digital animals anytime, anywhere, potentially earning more rewards.
100 times the chance
An analyst from the Cryptonews YouTube channel recently analyzed PLAY. In the video, he said PlayDoge has “huge” potential and could bring a 100x return to buyers.
Investors are betting big on PLAY at this early stage and have pumped more than $4.2 million into its ICO so far. In addition to its speculative potential, anyone who buys tokens through the ICO will also receive a lucrative staking opportunity that offers a 201% annual return.
To enjoy these rewards, investors can purchase PLAY through an easy-to-use purchase widget embedded on the project's official website. Ethereum, USDT, BNB or bank cards can be used to purchase the token, which is priced at $0.00507.
Investors may want to act quickly, as the price of this emoji coin is set to rise in a little over four hours.
Buy and stake PLAY before the next price increase. Related articles: Upcoming cryptocurrency presales: unlock early investment opportunities! New emoji coin Sealana is about to become the most popular "dog" on Solana? The most popular cryptocurrencies on the Ethereum chain today - Nitrogen Alliance, Singularity DAO, OxNumber PlayDoge (PLAY) - the latest release score on the BNB chain 
2D virtual Doge pets play to earn emoji coins fusion pledge and game token rewards SolidProof audit - playdoge.io 
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