Dogecoin Price Prediction: DOGE Drops 4% As Investors Rush To Buy This Chain-Hopping Meme Coin With Time Running Out
Release: 2024/05/17 16:19 Reading: 584
Dogecoin Price Drops, Investors Flock to Dogeverse ICO
The Dogecoin price has fallen over 4% in the past 24 hours to $0.1503 as of 12:30 a.m. EST, as investors trim holdings in the leading meme coin.
The DOGE price decline has pushed its weekly and monthly performances into negative territory, with a 1% drop in seven days and 4% over the past 30.
Dogecoin Price Rests on Crucial Support
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4-Hour Chart for DOGE/USDT (Source: TradingView)
The Dogecoin price is currently resting on a key support level at $0.14972. This comes after it was rejected by a major resistance level at $0.159 in the past 24 hours.
If DOGE closes a 4-hour candle below $0.14972 within the next 12 hours, it could fall to the next support level at $0.14463. Continued selling pressure could then lead to a decline to as low as $0.13881 in the short term.
However, a rebound off of the $0.14972 support would invalidate this bearish scenario. In this case, DOGE could attempt to climb back to the aforementioned $0.159 resistance level.
Bulls and Bears Battle for Control
Technical indicators on DOGE's 4-hour chart are sending mixed signals, suggesting that neither bulls nor bears have taken control.
The Moving Average Convergence Divergence (MACD) line has dropped below the MACD Signal line, indicating a potential bearish phase. However, the Relative Strength Index (RSI) indicator is positioned below its Simple Moving Average (SMA) but starting to narrow, suggesting that sellers are losing some strength.
Dogeverse ICO Attracts Investors
As bulls and bears battle for control of the Dogecoin price, investors are flocking to the multi-chain Dogecoin derivative ICO Dogeverse, which has raised over $15 million.
Unmatched Cross-Chain Capabilities
Dogeverse (DOGEVERSE) is a new canine-themed altcoin with powerful cross-chain capabilities. It is the first meme coin to reside on multiple networks, including Ethereum, Solana, Polygon, BNB Chain, Avalanche, and Base.
This multi-chain presence allows investors to seamlessly shift value across chains with high liquidity and network activity, enabling them to maximize profits from yield-generating opportunities.
Staking Program with 55% APY
Dogeverse also offers a native staking program with an eye-watering 55% APY, providing an opportunity for token holders to grow their rewards.
10X Potential
Dogeverse's presale has been one of the most popular ICOs this year, with Crypto YouTuber ClayBro predicting a potential 10x return on launch.
DOGEVERSE can be purchased for $0.00031 using a variety of altcoins and payment options, including ETH, MATIC, BNB, BASE, AVAX, SOL, USDT, and bank cards. However, only purchases made with ETH are eligible for the staking opportunity.
[Purchase DOGEVERSE here before it launches.](https://thebittimes.com/dogecoin-price-prediction-doge-drops-4-as-investors-rush-to-buy-this-chain-hopping-meme-coin-with-time-running-out-tbt88593.html)
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