Dogecoin Price Prediction As DOGE Heads For A Golden Cross And Traders Rush To Buy Dogeverse With Time Running Out
Release: 2024/05/11 17:34 Reading: 590
The Dogecoin price dropped 4% in the last 24 hours to trade at $0.1443 as of 11:42 p.m. EST on trading volume that plunged 5% to $1.02 billion.
This comes as DOGE’s daily averages appear on track to confirm a bullish golden cross. The 50-day Simple Moving Average (SMA) on the 4-hour chart is now trending north and looks set to cross above the 200-day SMA in the upcoming weeks, confirming a golden cross.
That means near-term price momentum could soon outperform long-term momentum, which could evolve into a prolonged bullish trend.
Dogecoin Price Set To Rally Above The Falling Wedge Pattern
src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201103%20479'%3E%3C/svg%3E" data-lazy-src="/uploads/20240511/1715420565663f3d95b7a7d.png">
src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201103%20479'%3E%3C/svg%3E" data-lazy-src="/uploads/20240511/1715420565663f3d95b7a7d.png">
DOGEUSD Chart Analysis Source: Geckoterminal.com
Geckoterminal’s Analysis reveals that Dogecoin has been on a downward trajectory over the last week, following a surge that took it to a resistance level of around $0.168. The Dogecoin price has since been on a downtrend, trading within a falling wedge pattern as it found support around the $0.142 level.
The DOGE bulls are aiming to drive the price above the upper boundary of the wedge, which is set to drive the price to higher levels.
DOGE also trades below both the 50-day and 200-day SMAs, which coincides with the current price downtrend within the falling wedge.
Moreover, the readings on the Relative Strength Index (RSI) show that buyers are starting to buy as the indicator moves towards the 50-midline level, currently trading at 41.
Dogecoin Price Prediction
The Dogecoin price Analysis on the 4-hour chart indicates that DOGE is set for a bullish trend reversal over the falling wedge pattern, as the bulls target $0.1704.
With the 50-day and 200-day SMA set to merge, the formation of a golden cross will encourage the bullish trend, which could push the price even higher.
However, if the bears sustain the downtrend, DOGE could retrace further to the support around $0.1326, acting as a cushion against downward pressure.
As the DOGE bulls gear up towards a bullish trend, some traders are diversifying their portfolios with Dogeverse, a Dogecoin derivative ICO that aims to follow the same trail to the top of the meme coin rankings as dog-themed peers like Dogecoin and Shiba Inu.
That is a key reason why crypto analysts like Jacob bury believe that Dogeverse has the potential to soar 100X after launch.
Dogeverse Presale Blasts Past $15 Million – Last Chance To Buy Before Launch
Dogeverse (DOGEVERSE), the world’s first chain-traveling Doge, has already made a significant impact in the meme coin sector by raising over $15 million in its presale. The project is now offering a last chance to buy before it launches.
It's now or never! ?
Buy some $DOGEVERSE before the #DEX launch kicks off!#Memecoins #Altcoins #Solana#Ethereum #DOGE
— DogeVerse (@The_DogeVerse) May 5, 2024
Such impressive fundraising not only demonstrates resilience in current market conditions but also positions the coin to influence the trend toward multi-chain integration in the meme coin realm.
The project supports multiple major blockchains, including Ethereum, BNB Smart Chain, Polygon, Solana, Base, and Avalanche, which enhances its reach and liquidity.
? Embracing Inclusive Accessibility! ?
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. ?? pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
The project’s mascot, Cosmo the Doge, has the ability to hyperjump between crypto networks, which gives Dogeverse the ability to move across chains and widens its accessibility within the crypto realm.
Users can earn passively through the platform’s staking system, with an impressive 67% annual percentage yield (APY) on offer.
You can participate in the presale by buying $DOGEVERSE for $0.00031 per token. Buy soon, though, before the team launches the token on major exchanges.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
Related News
Best Meme Coins – Full List
? Dogecoin Price Prediction: Will DOGE Reach $1 in 2024? ??
?? Shiba Inu Price Prediction 2024: ? To The Moon Or ? Crash Landing?
Source: https://thebittimes.com/dogecoin-price-prediction-as-doge-heads-for-a-golden-cross-and-traders-rush-to-buy-dogeverse-with-time-running-out-tbt88049.html
Recent news
More>- 60.9 Billion Dogecoin (DOGE) in 24 Hours, What's Happening? 11-27
- Historic Milestones: Bitcoin approaching $100,000 and Pepe Unchained secures over $52 million in presale 11-27
- UK’s financial regulator to implement final crypto rules by 2026 11-27
- Dogecoin’s Dogebox Will Revolutionize Everyday Transactions in 2025 11-27
- From Dogecoin to Dogen: The 10,000% Rally Everyone Is Talking About! 11-27
- Bets.io – one of the most wonderful and safe online crypto-casinos 11-27
- This week’s crypto opportunities: Buy signals for XRP, LINK, and XYZ 11-26
- Trump’s Pet Pepe (TRUMPEPE) Solana Memecoin Will Rally 18,000% Before Exchange Listings, As Shiba Inu and DOGE Lag 11-26
- Analyst Predicts This Layer-2 Meme Coin Could Surge 150X at Launch 11-26
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com