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The Water price plunged 68% in the last 24 hours to trade at $0.002124 as of 7:15 a.m. EST on trading volume that nosedived 17% to $57.5 million.
Water Price Dips Below the Bearish Channel
The WATER price has been steady within a tight range, settling comfortably at the $0.001731 support level. However, the bears seem to have the upper hand, pushing the price below the bearish channel. Can the bulls regain this momentum?
WATERUSD Analysis (Source: Tradingview)
Despite a recent dip in bearish activity, bullish investors still have a chance to push the price up beyond the $0.000581 level as indicated by the emerging bullish candle hinting at a potential upward trend continuation.
Currently, the price is trading below the 50 and 200 simple moving averages (SMA), which supports WATER’s downward momentum and reinforces the overall bullish sentiment in the market.
Additionally, the MACD average line crosses the signal line below the neutral level. Moreover, the green histogram bars are positive, indicating increased investor interest. This alignment suggests a strong bullish trend, with the MACD indicators showing positive momentum. Additionally, the Relative Strength Index (RSI) has reached the 30 oversold levels and indicates a rebound. If the momentum increases it could push the RSI past the 50 midline level and eventually reach the overbought level of 70, signalling intense buying pressure.
WATER Price Prediction
Should WATER continue its upward trajectory, it could rally back to the previous resistance level, resting at $0.003545. This sustained upward movement suggests that in the upcoming weeks, there’s potential for WATER to reclaim its all-time high at $0.004958, indicating a substantial recovery in its market worth.
Conversely, WATER might face increased selling pressure if it struggles to breach this critical resistance. In such a scenario, attention would be drawn to the $0.001946 mark as a significant support level to monitor closely.
This level would become crucial in determining whether WATER price continues to stabilize or experience further decline.
This P2E Crypto Presale Raises Over $5.4 Million
In contrast to WATER’s current nosedive, the P2E gaming sector is witnessing parabolic growth. A new entrant into the field is PlayDoge (PLAY), which combines the popular Doge meme with Play-to-Earn gaming.
Its presale has raced to over $5.4 million in funds raised, highlighting a growing appetite for innovative projects that merge gaming and cryptocurrency.
The presale’s success underscores PlayDoge’s popularity, solidifying its position as one of the most talked about new meme coins.
Is Play-to-Earn the Future?
PlayDoge has raised $5.3M in presale, reviving the 90s Tamagotchi with a Play-to-Earn model shows the strategic blend of nostalgia and crypto innovation.
The Play-to-Earn trend is gaining traction, combining gaming and financial incentives… pic.twitter.com/eO26yBMT1N
— IBC Group Official (@ibcgroupio) July 8, 2024
PlayDoge merges ’90s nostalgia with advanced blockchain technology, presenting players with a retro-style mobile game where they can nurture an 8-bit pixel Doge.
Players engage by feeding their virtual pet, participating in mini-games, and building a bond, all while earning PLAY tokens. The game runs on BNB Chain, developed by Binance, one of the world’s largest cryptocurrency exchanges.
Crypto Experts are Saying This Meme Coin Could be the Next Crypto to Explode #Crypto #Altcoins #Memecoin
PlayDoge (PLAY) is the latest meme coin to cause a… https://t.co/xCs8pUlD69 pic.twitter.com/DOCVBIIPP0
— M.O.M. (@MintressOfMemes) July 4, 2024
Players earn rewards by caring for their pets and completing quests.
Token holders can also generate passive income by staking PLAY tokens for a return of 104% annually.
Influential Youtuber Jacob Bury says $PLAY could potentially surge 10X post-launch.
PLAY tokens can be purchased directly from the official website for $0.00517 each. To avoid paying a higher price, you must buy PLAY within less than 3 days.
Buy $PLAY using BNB, USDT, or a bank card here.
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