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The Dogecoin price soared 4% in the last 24 hours to trade at $0.1078 as of 03:26 a.m. EST on trading volume that fell 5% to $815 million.
This comes as Shark Tank star Mark Cuban, a long-time supporter of Dogecoin, said in an interview that every meme coin is a potential rug pull, but added that this inherent risk is part of their appeal.
Despite such a cautious stance, Cuban remains positive on Dogecoin
”Then there’s Dogecoin, which is more for fun and community,” Cuban said. “It really depends on where you are. And I’m a supporter of all of them. I see the fun, I see the utility, and I see the store value of it.”
Dogecoin Price In A Sideways Trend
The chart shows that Dogecoin experienced a strong rally earlier this year, followed by a decline, and now the price seems to be consolidating or attempting a reversal. The price is currently in a sideways trend.
Still, there’s potential for upward momentum if it continues to hold above the 50-day Simple Moving Average (SMA) and fills the gap, according to data from GeckoTerminal. However, the Dogecoin price still trades below the 200-day SMA, which is now the immediate resistance level at $0.1343.
The Relative Strength Index(RSI) is around 48.96, close to the neutral level of 50. This suggests that the market is neither overbought nor oversold. The RSI being under 50 shows there might still be some bearish sentiment, but the lack of extreme levels suggests no immediate heavy pressure in either direction.
The yellow box marks a Fair Value Gap (FVG). This is a price inefficiency where buying and selling are imbalanced, leaving a gap. Price tends to revisit these zones to fill the gap, as seen here. The price appears to have bounced from this FVG area.
Having filled the FVG area, the price of Dogecoin may soar, as the bulls target the next resistance level at $0.142.
However, if the bears take control of the price at this level, DOGE may drop to the next support zone of $0.082.
Meanwhile, investors are flocking to buy Pepe Unchained (PEPU), which is one of the most successful presales of the year. The project is even catching some whale investors, with one recently buying PEPU worth $58,000.
Pepe Unchained Races Toward $18 Million Milestone, Draws Investor Buzz
Pepe Unchained has just zoomed past $17.3 million in funds raised, with about $1.3 million of that flooding in over the past week alone.
A big part of its appeal is the promise that PEPU is a huge upgrade on the OG PEPE. It comes with its own, proprietary Ethereum Layer-2 blockchain, and is designed to free the original PEPU from its old, outdated, Ethereum blockchain, giving it greater speed, efficiency, and scalability.
Most wanted Frog on the Block 😎 pic.twitter.com/ACbgccLKyg
— Pepe Unchained (@pepe_unchained) September 29, 2024
You can also earn passive income by staking PEPU tokens for an annual yield of 125%.
According to 99Bitcoins, a popular crypto YouTube channel with over 706k subscribers, PEPU could be the next 10x meme coin.
Currently, $PEPU tokens are priced at $0.00991 each. With only about 10 hours before a price hike, buy now for the best deal.
If this looks like something you don’t want to miss, you can buy $PEPU here using ETH, USDT, or even a bank card.
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