Minu Price Prediction: MINU Plunges 7% As Investors Pivot To This P2E DOGE Derivative For Parabolic Gains

The Minu price plummeted over 7% in the last 24 hours to trade at $0.0000004177 as of 12:00 a.m. EST as investors offload some of their holdings in the meme coin.

This latest selloff of the crypto could be attributed to traders realizing their profits from the meme coin’s strong movement throughout the past 7 days. Even with the recent retracement, the MINU price is still in the green by more than 31% on the weekly timeframe.

The Minu Price Resting On Critical Support

4-hour chart for MINU/USD (Source: GeckoTerminal)

The Minu price is resting on the key support level at $0.0000004259. A drop below this mark could expose the meme coin to the risk of falling to the subsequent safety net at $0.0000003912. Thereafter, continued sell pressure might lead to MINU plunging to as low as $0.0000003470 in the short term.

On the other hand, the Minu price maintaining a position above $0.0000004259 for the next 12 hours could invalidate the bearish thesis. Traders might look to enter into a long position for the crypto in this alternative scenario. With this potential buy volume, the meme coin could start to climb towards the $0.0000004859 resistance level.

Technicals Suggest The Minu Price Might Enter Another Bullish Push Soon 

Technical indicators on MINU’s 4-hour chart show that MINU’s bullish momentum has weakened, but suggest that there is still time for buyers to step in to prevent a major correction. The Relative Strength Index (RSI) is starting to show positive signs again following the latest price drop.

Although RSI readings have fallen from above 65 to 58, the indicator’s value above the 50 benchmark signals that buyers still have the upper hand against sellers. What’s more, the RSI line has started to slope positively, which could be an early indication of bulls gaining more strength against their bearish counterparts.

Throughout the past 24 hours, the Minu price has fallen into a negative cycle. This is evident by the Moving Average Convergence Divergence (MACD) line, which crossed below the MACD Signal line during this period. The current orientation of these two lines is still bearish, but the leveling off of the MACD Histogram suggests that MINU’s negative momentum is cooling off.

If these technical signs are validated, the Minu price might attempt to flip the $0.0000004859 resistance level into support. An early confirmation of this potential move could be if the MACD Histogram begins to turn more positive in the next 8 hours. Buyers preventing a 4-hour candle close under $0.0000004259 in the next 12 hours might also be seen as a possible long entry.

While technical indicators suggest the Minu price might surge soon, investors are rushing to buy into the Dogecoin derivative PlayDoge (PLAY) as the project aims to revive a 90s gaming sensation.

A Modern Iteration Of A Gaming Classic

PlayDoge (PLAY) is one of the latest dog-themed cryptos looking to establish itself in the burgeoning meme coin space. What gives PLAY a competitive advantage over those that came before it is its potential to engage token holders at a much higher rate through the launch of its Play-2-Earn gameplay inspired by the viral Tamagotchi game.

In the 90s, these virtual pets were a massive hit, resulting in millions of units being sold worldwide. However, players’ experiences were fairly limited and the digital companions would inevitably die, forcing players to reboot their systems and start all over. 

The fact that the Tamagotchi creatures were so popular despite the game’s limitations makes its success that much more impressive. It has also opened up an opportunity for a project to launch a version of the gaming sensation that is fit for the 21st century, which is what PlayDoge intends to do.

Utilizing blockchain and crypto technology, PlayDoge will introduce a version of the game that rewards players in crypto for taking care of their virtual pets.

The project’s combination of cutting-edge technology and old school gaming has caught the attention of No BS Crypto, who recently told his 90,500 subscribers on YouTube that PLAY is among the top 10 meme coins expected to shine in the 2024 bull market.

More Than $5.7 Million Raised

Investors have sent over $5.7 million to PLAY’s ongoing ICO. This frenzy around the crypto could have to do with the 85% annual staking yield being offered to buyers at this early stage.

To get in on this opportunity, investors can use the simple buy widget embedded on the project’s website.

Selling for $0.0052, the crypto can be bought using either ETH, BNB, USDT or bank card. Buy soon if you are interested before a price hike in a little more than 2 days.

Purchase and stake PLAY here for up to 85% in annual rewards.

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