Dogecoin Price Prediction: DOGE Climbs 4%, But Investors Rush To Buy This Presale Meme Coin Rival Before It’s Too Late

The Dogecoin price climbed over 4% in the last 24 hours to trade at $0.1712 as of 9:40 p.m. EST as investors start to accumulate the crypto.

Despite the 24-hour gain, the DOGE price remains more than 16% in the red on the longer-term weekly time frame.

Dogecoin Price Nearing A Major Resistance Level

4-hour chart for DOGE/USD (Source: GeckoTerminal)

The Dogecoin price bounced off of a support level at $0.1454 and is now closing in on a major resistance level at $0.1771, GeckoTerminal data shows. Should the largest meme coin by market cap clear this technical barrier, it could end up rising to as high as $0.2088 in the short term.

However, a sudden selloff due to profit taking or a change in trend might invalidate the bullish thesis. In this alternative scenario, the Dogecoin price will likely retest the $0.1454 support again. A drop below this mark could then expose DOGE to the risk of plunging to $0.1229.

Technicals Suggest The Dogecoin Price Might Keep Climbing

From a technical perspective, indicators on DOGE’s 4-hour chart suggest the meme coin might continue to rise in the next few hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bullish signs.

That’s after RSI readings rose from deep oversold territory below 30 to just below 50. While the current value below the neutral 50 mark is slightly bearish, the positive slope of the RSI line suggests buyers might soon take complete control of the Dogecoin price.

Meanwhile, momentum favors bulls, as suggested by the MACD line’s positioning above the MACD Signal line line. With the gap between the two technical indicators growing, it appears DOGE’s bullish momentum is picking up steam. This, combined with the climbing RSI, could be followed by a continued rise in the Dogecoin price if buyers take advantage of the opportunity.

As the Dogecoin price tries to overcome resistance, investors are FOMO buying a new meme coin called Meme Index (MEMEX) before its presale ends. This is as experts anticipate great things for the project’s future. Among them is 99Bitcoins, a prominent YouTube channel with over 725K subscribers, who says MEMEX could become the next 100X crypto.

Giving Investors An Innovative Way To Buy Into Meme Coins

The meme coin market has become oversaturated, mainly due to developers who tried to profit from the hype around these tokens in the last few months. With so many options in the market, and new tokens entering the meme coin space on a daily basis, finding the next meme coin gem has become nearly impossible.

Meme Index aims to make meme coin investing safe and simple again. To achieve this, the project introduces 4 investment baskets or indexes. They are Meme Titan, Moonshot, Midcap, and Meme Frenzy.

Each of Meme Index’s baskets features a different set of meme coins, and each of the investment vehicles comes with different levels of risk. 

The safest option is the Meme Titan index that focuses on established meme coins like Dogecoin and Shiba Inu, while the highest-risk Meme Frenzy focuses on new coins with high upside potential but that are extremely volatile.

By simply buying and holding MEMEX tokens, investors unlock access to the project’s indexes, giving them diversified meme coin exposure. Additionally, MEMEX holders also get to participate in Meme Index’s governance to decide which tokens get added to each basket.

Meme Index Presale Gives Investors Last Chace To Buy Before Launch – 18 Days Left

Meme Index has raised over $3.99 million through its presale so far, signaling strong investor confidence in the project’s future. With just 18 left days until the ICO ends, time is running out for investors to position themselves ahead of the project’s highly-anticipated launch.

Interested investors can acquire MEMEX through the buy widget embedded on the project’s website using either ETH, USDT, BNB or bank card, with the token currently priced at $0.0166883.

After purchasing some MEMEX, investors can put their tokens to work from the get-go by locking them up through the staking page on the website. Anyone who buys and stakes MEMEX now will unlock access to a 571% APY.

Visit the Meme Index website.

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