Dogecoin Struggles to Hold Support Amid Market Decline, Yeti Ouro Gains Momentum Through Play-to-Earn Game

As cryptocurrency markets face volatility, investors are closely monitoring Dogecoin’s price movements and the rising popularity of Yeti Ouro (YETIO).

As cryptocurrency markets experience volatility, investors are keeping a close eye on Dogecoin's price movements and the rising popularity of Yeti Ouro (YETIO) in the digital asset space. Both tokens have shown potential for growth in their respective domains.

Dogecoin Struggles To Hold Support Amid Market Decline

Dogecoin has faced a significant setback over the last week, with the meme coin plunging over 21% in value. The coin dipped below the 200 EMA line on the 4-hour chart after reaching a high of $0.43434 over the past seven days. At the time of writing, Dogecoin price is trading at $0.34066. The decline also breached the 50% Fibonacci level at $0.35321, indicating a potential for further price drops.

However, analysts are observing a possible reversal at the current levels. On the 4-hour time frame, the RSI shows a minor bullish divergence in the oversold zone. Additionally, lower price rejections on the recent bearish candles indicate that buyers are attempting to counter the selling pressure. The first major support level for Dogecoin price is at $0.3303, which marks the 38.20% Fibonacci retracement level.

Interestingly, whale activity on the Dogecoin network has increased, with 588 transactions valued at over $1 million occurring in the last day. Such activity may indicate an increase in institutional investor interest, which could boost price levels in the short term.

Yeti Ouro Gains Momentum Through Play-To-Earn Game

As Dogecoin endeavors to regain its footing, Yeti Ouro is emerging as a new player in the cryptocurrency arena. The token is centered around "YetiGo," a racing Play-to-Earn (P2E) game built on Unreal Engine 5. This game introduces dynamic race conditions and allows players to customize their vehicles, merging blockchain elements with gaming to attract users.

The dev team recently shared a video showcasing the first glimpse of the Level 1 map of Yeti Go game.

Yeti Ouro has already sold over 128 million tokens. The initial price for one YETIO token in the presale is $0.017, which is set to increase drastically once the coin is listed. Early investors have already witnessed a return of over 40%. The deflationary burn mechanism and a fixed supply of one billion tokens aim to sustain long-term value.

With features like hidden tunnels, challenging terrains, and garages for the vehicles, YetiGo aims to engage players in the game. Given the rising popularity of blockchain-based gaming, Yeti Ouro has the potential to reach an average price of $5 by the end of 2025.