{"id":534357,"date":"2024-06-10T08:38:37","date_gmt":"2024-06-10T08:38:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=534357"},"modified":"2024-06-10T08:38:37","modified_gmt":"2024-06-10T08:38:37","slug":"pepe-price-prediction-pepe-plummets-13-in-a-week-as-this-dogecoin-derivative-charges-towards-4-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-plummets-13-in-a-week-as-this-dogecoin-derivative-charges-towards-4-million","title":{"rendered":"Pepe Price Prediction: PEPE Plummets 13% In A Week As This Dogecoin Derivative Charges Towards $4 Million"},"content":{"rendered":"<p>The Pepe price has slumped 13% in the past 7 days to trade at $0.00001270 as of 00:42 a.m. EST. on trading volume that plunged 22%,<\/p>\n<p>In the past 24 hours, the price is up nearly 5%, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\" target=\"_blank\" rel=\"noopener\">CoinGecko data shows<\/a>.<\/p>\n<p>Traders have conflicting opinions on the next directional bias for the frog-themed token. Cognizant that the PEPE meme coin runs on the Ethereum blockchain, one trader underscores that the Pepe price will rally once the Ethereum price shows strength.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\"I think <a href=\"https:\/\/twitter.com\/search?q=%24Pepe&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$Pepe<\/a> looks bearish here.\"<\/p>\n<p>Brother, I cannot for the life of me understand how you could be bearish this chart. Get off of the 5 minute time frame, sit back &amp; enjoy the ride. <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> isn't even in price discovery yet&hellip; that's when this next part happens. <a href=\"https:\/\/t.co\/Bb9MH5vYvj\">pic.twitter.com\/Bb9MH5vYvj<\/a><\/p>\n<p>&mdash; Max (@MaxBecauseBTC) <a href=\"https:\/\/twitter.com\/MaxBecauseBTC\/status\/1799849827108299234?ref_src=twsrc%5Etfw\">June 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Others say that the Pepe price rally is contingent on the $0.00001139 level holding as support, potentially going to a new all-time high.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a> <\/p>\n<p>If the white line holds as support this should go to new ATH&rsquo;s <a href=\"https:\/\/t.co\/MBqrK9xm9m\">pic.twitter.com\/MBqrK9xm9m<\/a><\/p>\n<p>&mdash; Crypto Michael (@MichaelXBT) <a href=\"https:\/\/twitter.com\/MichaelXBT\/status\/1799885084671324426?ref_src=twsrc%5Etfw\">June 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Pepe Price Prediction<\/h2>\n<p>After a series of higher highs beginning mid-April, the Pepe price broke above this technical formation. However, the breakout was short-lived as the frog-themed token is now within a descending parallel channel.<\/p>\n<p>While this is bearish, it is impossible to ignore that the Pepe price continues to hold within the ascending parallel channel as shown in the one-day chart for the PEPE\/USD trading pair below.<\/p>\n<p>Based on the outlook of the technical indicators, the market is leaning to the downside. The Relative Strength Index (RSI) is recording lower highs, signifying falling momentum. The Moving Average Convergence Divergence (MACD) is also below the orange band of the signal line, accentuating the bearish outlook.<\/p>\n<p>A rejection from the centerline of the falling wedge pattern could see the Pepe price extend the fall to test the confluence between the lower boundary of the channel and the horizontal line of $0.00001139.<\/p>\n<p>In a dire case where the bears have their way, an extended leg down to the $0.00000885 and effectively a break below it would invalidate the big-picture bullish outlook.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/PEPE-1.png\"><img decoding=\"async\" class=\"aligncenter wp-image-534358 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/PEPE-1.png\" alt=\"Pepe price\" width=\"1366\" height=\"768\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/PEPE-1.png 1366w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/PEPE-1-300x169.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/PEPE-1-1024x576.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/PEPE-1-768x432.png 768w\" sizes=\"(max-width: 1366px) 100vw, 1366px\"><\/a><\/p>\n<p><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xa43fe16908251ee70ef74718545e4fe6c5ccec9f\" target=\"_blank\" rel=\"noopener\">GeckoTerminal: PEPE\/USD 1-day chart<\/a><\/p>\n<p>On the other hand, if the bulls increase their buying pressure to overcome resistance due to the centerline of the falling channel, it would encourage more buy orders. Nevertheless, PEPE would only be attractive to buy above the $0.00001409 resistance level. This would effectively mean a flip of the centerline of the ascending parallel channel into a support floor.<\/p>\n<p>To confirm the continuation of the uptrend, however, investors must wait for a stable candlestick close above $0.00001800, signifying a higher high.<\/p>\n<p>With conflicting opinions on the outlook for PEPE, some investors are pivoting to PlayDoge (PLAY), a new Dogecoin derivative that just surpassed past $3.5 million in funds raised in its presale.<\/p>\n<p>Crypto YouTuber Jacob Bury says it could be the next meme coin with the potential to 10X on launch.<\/p>\n<p><iframe title=\"Play to Earn meets Meme Coin - is PlayDoge the NEXT 10X Potential Crypto?!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/aqj-8JulKng?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Promising Alternative To PEPE<\/h2>\n<p>PLAY is the powering token for the <a href=\"https:\/\/insidebitcoins.com\/visit\/playdoge\" target=\"_blank\" rel=\"noopener nofollow\">PlayDoge ecosystem<\/a>. The project advertises itself as the best play-to-earn (P2E) DOGE companion game. It is a mobile-based P2E game that transforms the iconic Doge meme into a Tamagotchi-style virtual pet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/PlayDoge?src=hash&amp;ref_src=twsrc%5Etfw\">#PlayDoge<\/a> is bringing Tamagotchi into the 21st century. &#127878;<\/p>\n<p>There will be games on our App to earn <a href=\"https:\/\/twitter.com\/search?q=%24PLAY&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PLAY<\/a> tokens that can be redeemed for <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a>. &#9989;<\/p>\n<p>We&rsquo;ve given Tamagotchi the spec upgrade it deserves! &#128171;<a href=\"https:\/\/twitter.com\/hashtag\/Memecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Memecoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/PlayDoge?src=hash&amp;ref_src=twsrc%5Etfw\">#PlayDoge<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&amp;ref_src=twsrc%5Etfw\">#BNB<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/P2E?src=hash&amp;ref_src=twsrc%5Etfw\">#P2E<\/a> <a href=\"https:\/\/t.co\/8negSBSmM1\">pic.twitter.com\/8negSBSmM1<\/a><\/p>\n<p>&mdash; PlayDoge (@PlayDogeGame) <a href=\"https:\/\/twitter.com\/PlayDogeGame\/status\/1799752342926967145?ref_src=twsrc%5Etfw\">June 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>PlayDoge brings the legendary Tamagotchi virtual pet concept into the new digital economy. Ecosystem participants play through classic 8-bit side-scrolling adventures while embracing the 90s nostalgia to earn crypto. You enjoy monetary incentives based on how well you can care for your pet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Get in on the action early with our <a href=\"https:\/\/twitter.com\/hashtag\/Presale?src=hash&amp;ref_src=twsrc%5Etfw\">#Presale<\/a> launch! &#128640;<a href=\"https:\/\/twitter.com\/hashtag\/PlayDoge?src=hash&amp;ref_src=twsrc%5Etfw\">#PlayDoge<\/a> brings together gamers and <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> enthusiasts for a trip down memory lane. &#128173; <\/p>\n<p>Grab your tokens now! <a href=\"https:\/\/twitter.com\/search?q=%24PLAY&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PLAY<\/a><\/p>\n<p> <a href=\"https:\/\/twitter.com\/hashtag\/P2E?src=hash&amp;ref_src=twsrc%5Etfw\">#P2E<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw\">#MemeCoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&amp;ref_src=twsrc%5Etfw\">#BNB<\/a> <a href=\"https:\/\/t.co\/BBUtS3eFqV\">pic.twitter.com\/BBUtS3eFqV<\/a><\/p>\n<p>&mdash; PlayDoge (@PlayDogeGame) <a href=\"https:\/\/twitter.com\/PlayDogeGame\/status\/1797961016577302987?ref_src=twsrc%5Etfw\">June 4, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>PLAY tokens are presently priced at $0.00505. This price tag will hold for only about another four hours, so buy soon if you are interested to get the best deal.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/playdoge\" target=\"_blank\" rel=\"noopener nofollow\">Visit and buy PlayDoge here<\/a>.<\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/how-to-buy-playdoge\">How to Buy PlayDoge &ndash; $PLAY Presale Review<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/playdoge-price-prediction\">PlayDoge Price Prediction &ndash; PLAY Price Potential in 2024<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/meme-coins-flash-crash-as-pepe-dogwifhat-and-shiba-inu-plunge-amid-8-sector-selloff\">Meme Coins Flash Crash As Pepe, Dogwifhat, And Shiba Inu Plunge Amid 8% Sector Slump<\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/pulse\/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye\">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!<\/a><\/li>\n<\/ul>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Pepe price has slumped 13% in the past 7 days to trade at $0.00001270 as of 00:42 a.m. EST. on trading volume that plunged <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-plummets-13-in-a-week-as-this-dogecoin-derivative-charges-towards-4-million\" title=\"Pepe Price Prediction: PEPE Plummets 13% In A Week As This Dogecoin Derivative Charges Towards $4 Million\">[&#8230;]<\/a><\/div>","protected":false},"author":1911,"featured_media":534368,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-534357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - 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