Dogecoin Price Prediction: DOGE Rises 11%, But This New Altcoin Presale Gains Even More Traction

Updated: 26 October 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Dogecoin price is leading the meme coin ecosystem with a pronounced burst that has seen the cryptocurrency reclaim levels last seen in August.

DOGE price is up more than 11% in the last 24 hours, with a 141% increase in trading volume.

With DOGE, Shiba Inu (SHIB) and Pepe coin (PEPE) are also pumping as the broader market turns bullish.

Investor optimism for Dogecoin has grown, changing the narrative from how meme coins were associated with lulled price movements. It comes after the largest meme coin by market capitalization broker out from a triangle to kickstart a massive uptrend.

The breaking of the triangle in #DOGE marks the beginning of a large-scale bullish trend. By the way, it also happened historically – the coin broke through a similar pattern, and then an impulsive growth began.#doge #dogecoin #crypto #trading pic.twitter.com/fUJOUc1N5Y

— Viktor (@sozdatel_seksa) October 26, 2023

Dogecoin Price Breaks Triangle, Beginning a Massive Uptrend

After breaching the $0.066 barrier and flipping it into a support floor, Dogecoin price is on an uptrend, up 11% after breaking consolidation. The technical outlook suggests the rally is not over for DOGE, with rising momentum.

At 80, the Relative Strength Index (RSI) shows DOGE is massively overbought but may not be ripe for selling as this momentum indicator remains northbound. The Awesome Oscillator (AO) is also recording green histogram bars to show bulls leading the market.

Increased buyer momentum above current levels could see Dogecoin price test the supply zone, which extends from $0.075 to 0$0.077. A decisive move above the mean threshold of this order block at $0.076 would confirm a continuation of the trend.

Dogecoin price flipping the supply zone to a bullish breaker above the $0.080 psychological level would pave the way for Dogecoin price to rally up to the range high of $0.083. Last tested on July 25, this level stands 13% above the current price.

On the other hand, if selling pressure overpowers efforts by bulls to raise DOGE value higher, the Dogecoin price could drop, flipping the $0.066 support back to a resistance level. Further south, the meme coin would look to the 100- and 50-day Exponential Moving Averages (EMA) for pivot as these moving averages represent buyer congestion levels.

Should they fail to hold as support, Dogecoin price could descend further, potentially testing the demand zone extending from $0.060 to $0.057. A break and close below its midline at $0.058 would confirm a prolonged downtrend.

Cognizant of the crypto adage that “the trend is your friend until the bend at the end,” enlightened investors are looking at TGC as a possible alternative to DOGE.

https://www.youtube.com/watch?v=2_qjQmqU2Cc

Dogecoin Alternative

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With growing investor interest, the presale sales have breached the $1.5 million mark, steadily approaching the $2.5 million target. The TGC price will increase in just about a week, meaning now is probably the best time to buy TG.Casino tokens.

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