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The Dogecoin price rose 3% in the last 24 hours to trade at $0.106 as of 03:34 a.m. EST on trading volume that soared 28% to $817 million.
This comes after Trump’s interview with Elon Musk, where Polymarket bettors at one point gave an over 60% chance of Trump mentioning digital assets during the interview, but he did not.
The interview mostly covered a variety of topics, including illegal immigration, the economy, AI, and global warming.
Dogecoin Price Aims For A Continued Rally
The Dogecoin price has been in a sustained rally since Aug. 5, rising through an ascending channel from $0.0878, according to data from GeckoTerminal.
The bulls now aim to push the price of Dogecoin above the channel, as it now trades above the 50 Simple Moving Average (SMA) on the 4-hour chart. If the momentum continues, DOGE could eventually surpass the 200 SMA at $0.1169.
Moreover, the Relative Strength Index (RSI) trades within the 50-midline level, an indication that the price of Dogecoin is currently trading in equilibrium, aiming for a bullish rally.
The Moving Average Convergence Divergence (MACD) is also bullish as it climbs above the zero line. The blue MACD line recently crossed above the orange signal line, resulting in a bullish crossover.
A bullish crossover encourages optimistic investors to buy more, which could push the price of Dogecoin above the rising channel pattern. If the bullish momentum continues, the bulls could push Dogecoin higher, potentially targeting $0.138.
However, if the bears take charge of the price at this stage, DOGE could plunge back to the $0.095 support level.
As the Dogecoin price soars, investors are also buying the new Dogecoin alternative PlayDoge (PLAY), as analysts say it could skyrocket after its launch.
According to an analyst from 99Bitcoins, a prominent YouTube channel with over 706K subscribers, PLAY can potentially surge 10X after its launch.
PlayDoge ICO Zooms Past $6 Million – Best Alternative To Buy Now?
PlayDoge, a play-to-earn (P2E) meme coin, is off to a strong start, blasting past the $6 million milestone in its presale.
The project stands out as it combines two popular themes: meme coins and gaming, particularly 90s gaming.
Don’t ghost your #Doge or it’ll die 👻
Feed your Doge, earn rewards, and level up. No mazes, just fun!#Presale has launched! 🙌#PlayDoge #P2E #Memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024
PlayDoge combines the iconic Doge meme with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players play to earn the game’s native PLAY token.
With the P2E mechanics employed by the project, players will be able to earn rewards by caring for their pets and taking them on adventurous journeys.
Apart from the P2E rewards, token holders can also earn passively by staking PLAY for 77% annual rewards.
You can buy PLAY tokens for $0.00528 each. With a price hike coming in about 3 hours, don’t wait around too long if you want to lock in the best deal.
Purchase PLAY from the official website here using BNB, USDT, or a bank card.
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