Pepe Price Prediction: PEPE Plunges 5% As Investors Pivot To This Dogecoin Derivative And Its 111% APY

The Pepe price dropped 5% in the last 24 hours to trade at $0.00001434 as of 00:49 a.m. EST on trading volume that plunged 36% to $903 million.

This comes as the meme coin market fell 1% in the last 24 hours to a market capitalization of $64 billion.

Pepe Price Prediction – Bulls Aim For A Breakout Above The Bullish Pennant Pattern

The Pepe price has been on a tear in the last month, as the bulls pushed PEPE through a markup phase to hit an all-time high (ATH) of $0.00001717 on May 27, data from GeckoTerminal shows.

However, with the bulls unable to reclaim this high, PEPE has been fluctuating within this range in a bullish pennant pattern. The current retrace has driven the bulls to retreat to the support level of around $0.00001411, which they seem to be utilizing to stage a rally toward the upper boundary of the pennant.

In support of the slight retrace, PEPE trades below the 50-day Simple Moving Average (SMA), with the bulls aiming to maintain the Pepe price within this critical support of around $0.00001469. PEPE trades well above the 200-day SMA, which may be an indication that the token is still on a long-term bullish stance.

Moreover, the Relative Strength Index (RSI) trades on a downtrend towards the 30-oversold level, currently trading at 45.

If the bears sustain the bearish pressure, Pepe could breach the lower boundary of the pennant, pushing the token’s price to the next support zone around $0.00001208, which coincides with the 200-day SMA.

In an inverse scenario, the bulls may utilize the $0.00001411 current support, which may push PEPE towards the upper boundary and to a new ATH at $0.00002151.

Meanwhile, as the PEPE price bulls search for buying signals, investors are piling into PlayDoge (PLAY), a new presale that’s amassed over $2.8 million in funds raised in a little over a week.

PlayDoge Presale Hurtles Past $2.8 Million – Buy And Stake For 111% APY

PlayDoge (PLAY) is a mobile-based play-to-earn (P2E) game that turns the iconic Doge meme into a Tamagotchi-style virtual pet.

PlayDoge is based on a virtual dog that acts as a P2E companion. The project offers an immersive P2E experience inspired by the beloved Tamagotchi concept. The model allows users to care for their virtual pets, earning $PLAY tokens as a direct monetary reward in the process.

Don’t ghost your #Doge or it’ll die 👻

Feed your Doge, earn rewards, and level up. No mazes, just fun!#Presale has launched! 🙌#PlayDoge #P2E #Memecoin pic.twitter.com/Fp2sFwycpj

— PlayDoge (@PlayDogeGame) May 31, 2024

Token holders can also stake $PLAY for an annual percentage yield (APY) of 111%.

According to Jacob Bury, a prominent crypto analyst on YouTube, $PLAY has the potential to soar 10X after its imminent launch.

You can buy $PLAY tokens for $0.00504 each. With a price hike coming in less than 2 days, buy soon to lock in the best deal.

To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card.

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