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Dogecoin price surged 22% in the past week, even after falling 2% in the past 24 hours. trading at $0.170 to 12:35 a.m. EST on trading volume that plunged 37% to $2.06 billion.
Dogecoin Price Prediction: DOGE Aims for Bullish Rally
Dogecoin price was on an upward trend in October as bulls used the $0.11 support zone to push the price through an uptrend phase, according to data from GeckoTerminal. DOGE then went through a consolidation phase starting in mid-October in the $0.1460 range.
Dogecoin price bulls then used the lower boundary of the sideways pattern at $0.13 as support to push DOGE through a parabolic curve, indicating strong momentum.
DOGE is now trading above the 50-day and 200-day simple moving averages (SMA), supporting the overall bullish outlook for the price.
The RSI is in bullish territory but not yet overbought, currently at 65, meaning there is still potential for further gains before any risk of a reversal. If the RSI reaches overbought levels, we could see consolidation or a pullback.
The RSI appears to be bouncing towards the overbought region of 70, indicating that the asset could gain momentum. If this momentum continues, Dogecoin price could rise, with bulls targeting $0.185.
Conversely, if the bears gain momentum at this level, DOGE price could fall back to the 50-day SMA at $0.1478.
As Dogecoin price aims for bullish rally, new meme coin project Crypto Stars is rushing towards $3 million in funds raised in its ICO.
ClayBro, a prominent crypto analyst with over 130,000 subscribers, claims that PEPU has the potential to grow 26 times after its launch.
Crypto All-Stars Presale Raises Over $2.9 Million
Crypto All-Stars offers investors the opportunity to stake top coins in one place for the first time.
Why is everyone excited?
During its initial pre-sale phase, Crypto All-Stars raised over $350,000! 💰
This first success shows that investors see GREAT potential in it. 🚀
Could this be the next $PEPE? 👀
– web3telepath (@web3telepath) August 15, 2024
This is made possible through its innovative MemeVault, a protocol that allows top coins to be pooled together to earn substantial staking rewards, making it an ideal way to maximize returns, especially since coins are gaining momentum in the midst of a possible supercycle.
Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu and Bonk can all be staked on the platform, with more meme coins being added in the coming months. Rewards are paid in STARS.
This feature enhances Crypto All-Stars by moving it beyond just speculative value, as it provides meme coin holders with the opportunity to earn passive rewards.
Additionally, the project’s retro 8-bit aesthetic gives it a unique visual style that resonates with many meme coin enthusiasts.
You can also win passively by betting STARS itself, whichich offers a staggering 534% annual percentage yield (APY).
You can buy the token now for $0.0015309. The price will increase in less than 30 minutes so buy quickly if you are interested.
Buy $STARS on its official website here using BNB, USDT or bank card.
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- Faceoff Rewards – pepeunchained.com
- Over $10 Million Raised at ICO – Ending Soon
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