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In the past 24 hours, the price of Watercoin has fallen by 68% to trade at $0.002124 per coin, and the trading volume has dropped by 17% to $57.5 million.
Watercoin price breaks below bearish channel
The price of Watercoin has been stable in a narrow range, settling comfortably above the $0.001731 support level. However, the bears seem to have the upper hand, pushing the price below a bearish channel. Can the bulls regain the momentum?
Despite the recent decline in bearish activity, bullish investors still have a chance to push the price above $0.000581 as indicated by the emerging bullish candle, suggesting a potential uptrend continuation.
Currently, the price is trading below the 50 and 200 Simple Moving Averages (SMAs), which supports the downside momentum of the cryptocurrency and reinforces the overall bullish sentiment in the market.
Moreover, the MACD moving average has crossed the signal line below the neutral level. Moreover, the green histogram bars are positive, indicating an increase in investor interest. This alignment indicates a strong bullish trend, with the MACD indicator showing positive momentum. Moreover, the Relative Strength Index (RSI) has reached the oversold level of 30 and is showing signs of a rebound. If the momentum increases, it could push the RSI above the midline level of 50 and eventually to the overbought level of 70, indicating strong buying pressure.
Watercoin Price Prediction
If the coin continues its upward development, it could revisit its previous resistance level at $0.003545. This continued upward trend suggests that the coin has the potential to recover to its all-time high of $0.004958 in the coming weeks, indicating a significant recovery in its market value.
Conversely, if the coin struggles to break through this critical resistance, it could face increased selling pressure. In this case, $0.001946 would be in focus as an important support level to monitor closely.
This level will be a key factor in determining whether the price of Watercoin continues to stabilize or falls further.
This P2E Crypto Presale Raised Over $5.4 Million
In contrast to the current plunge of Watercoin, the P2E gaming industry is witnessing parabolic growth. A new entrant is PlayDoge (PLAY), which combines the popular Doge meme with gaming mining.
Its presale raised more than $5.4 million, highlighting the growing demand for innovative projects that merge gaming and cryptocurrency.
The success of the pre-sale highlights the popularity of PlayDoge, solidifying its position as one of the most watched new memecoins.
Is Play to Earn the Future?
PlayDoge raised $5.3 million in presale, resurrecting the 90s toy dragons in a play-to-earn format, demonstrating a strategic fusion of nostalgia and crypto innovation.
The play-to-earn trend is gaining traction, combining gaming and financial incentives…
Players earn rewards by caring for their pets and completing quests.
Token holders can also receive a passiv income of 104% per year by staking PLAY tokens.
Influential YouTuber Jacob Bury said PLAY could potentially increase 10 times after its listing.
PLAY tokens can be purchased directly from the official website at a price of $0.00517 per token. In order to avoid paying a higher price, PLAY must be purchased in less than 3 days.
Buy $PLAY using BNB, USDT or bank card here.
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