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The Dogecoin price fell 9% in the last 24 hours to trade at $0.3605 as of 11:28 p.m. EST on trading volume that surged 75% to $9.6 billion.
Dogecoin Price On A Bearish Trend
The DOGE price on the 4-hour chart exhibits a rounded bottom pattern, which is typically a bullish reversal signal. The Dogecoin price rallied significantly after completing this pattern, reaching highs near $0.40.
However, a retracement has followed, with the current price consolidating around $0.36, according to GeckoTerminal.
The price of Dogecoin has dropped below the 50-period Simple Moving Average (SMA) at $0.3685, suggesting short-term bearish momentum. However, the 200-period SMA at $0.3455 has acted as a strong support level.
This suggests that the longer-term trend remains intact and leans bullish, as the price of Dogecoin is still trading above this key level.
The Relative Strength Index (RSI) is at 42.21, slightly below the neutral 50 level. This reading shows a loss of bullish momentum and indicates that the asset is approaching the oversold zone. However, it also suggests that DOGE might be near a potential bounce point if buyers step in.
Can DOGE Reclaim $0.45?
The Dogecoin price is currently in a consolidation phase after a strong bullish breakout and rally. If the price of DOGE can hold above the 200-period SMA and reclaim the 50-period SMA at $0.3685 as support, it could trigger another upward move.
In this case, DOGE may aim for a retest of $0.40. A breakout above this level could then open the door for a continuation to $0.42-$0.45.
Conversely, if the price of Dogecoin breaks below the 200-period SMA at $0.3455, the bullish trend could weaken significantly. In this scenario, the next support lies near $0.34, with further downside possible toward $0.32.
As the Dogecoin price plunges, investors are buying the new presale meme coin Flockerz (FLOCK). According to 99Bitcoins, a popular YouTube crypto channel with over 721K subscribers, the coin has the potential to soar 100X after its launch.
Flockerz Presale Blasts Past $11.1 Million—Last Chance To Buy
Flockerz is in the final 2 days of its ICO as it races towards the $12 million mark, and momentum is strengthening as the presale comes to an end.
The project sets itself apart from other meme coins by introducing a vote-to-earn system (V2E) mechanism that puts decision-making power in the hands of token holders and rewards them for participating.
The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.
No better place to kick back and relax than Flocktopia 👑💙 pic.twitter.com/jHhW4avyK3
— Flockerz (@FlockerzToken) January 15, 2025
To participate in the voting process, users must buy FLOCK tokens. When a new suggestion is presented, members of The Flock vote, and they are rewarded for their effort with additional FLOCK tokens.
In addition to V2E rewards, users can earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 261%.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at the current price of $0.0066883 each using BNB, ETH, USDT, or a bank card.
Buy FLOCK here before its presale ends.
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