Dogecoin Price Plunges 4% as This New Coin Staking Platform Surpasses $1.8 Million in Presale

Dogecoin price fell 4% over the past 24 hours to trade at $0.1226 as of 3:10 a.m. EST on trading volume that fell 40% to $877.3 million.

While the world’s oldest and largest meme coin is still over 14% in the green on the 7-day chart, its daily performance saw a sharp price drop with the arrival of September 30.

Dogecoin Price Prediction

Dogecoin price seemingly found its support at $0.122 and managed to stay slightly above it over the past few hours, with its price mostly stabilizing. Technical indicators also suggest stability, although the coin could see a price rally if the bulls regain their strength over the past few hours.

Currently, Dogecoin’s Bollinger Bands have narrowed from their state during the price decline. However, during the decline, price continued to push the lower band lower, so while narrowing is not usually a bullish sign, price returning to the midpoint between the upper band and lower band is a positive change.

At the same time, the coin’s Relative Strength Index (RSI) value has also reached the neutral zone of 47.92 at the time of writing. Previously, the RSI value touched the overbought zone by climbing up to the value of 70, only to immediately collapse down to 20, deep into the oversold zone.

This suggests that traders reacted and took profits as soon as the RSI reached the desired value of 70. The RSI’s return to the neutral zone suggests stability, at least for now.

Looking to the near-term future, the coin could see a recovery in the coming hours, as this is usually what follows a sharp decline such as the one DOGE experienced over the past 24 hours. But, for now, it’s clear that Bitcoin’s influence is having a strong impact on DOGE, so the meme coin will likely follow the older crypto’s lead, just like the rest of the market.

Promising alternative to Dogecoin

As the price of Dogecoin heads south, investors could consider a new presale called Crypto All-Stars (STARS), which has raised over $1.8 million.

Crypto All-Stars is a project that focuses on staking and is revolutionizing things by inventing a new staking smart contract called MemeVault that allows users to stake any major coin.

This will be a revolutionary product for those with a large coin investment portfolio, as they will not have to stake each of their coins in a separate smart contract.

MemeVault already supports Dogecoin, Pepe, Floki, Brett, Turbo and Milady Meme Coin, as well as Crypto All-Stars itself and others. The only problem is that you need to have STARS to be able to stake other meme coins.

Crypto YouTuber ClayBro, with over 130,000 subscribers, sees “a major bull market ahead” for Crypto All-Stars.

STARS tokens sell for just $0.001471 and can be purchased with ETH, USDT, BNB, DOGE, FLOKI, SHIB, PEPE, or bank cards. Buy before a price increase in less than 23 hours to get the best deal.

Visit the official STARS website here.

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