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The Dog (Runes) price has jumped 21% in the last 24 hours to trade at $0.004296 as of 7:20 a.m. EST on a 57% surge in trading volume to $17 million.
The DOG price pump made it the biggest gainer among the largest 100 meme coins by market capitalization, according to CoinMarketCap.
Dog (Runes) Price May Continue The Uptrend
The DOG/USDT trading pair highlights several key technical patterns and indicators with short-term corrections and potential for continued bullish trends.
The parabolic curve indicates rapid upward momentum. The price has sharply risen in recent trading sessions, reflecting strong buying pressure and a potential for exponential growth.
However, parabolic movements are often unsustainable long-term, meaning a retracement or consolidation may follow to stabilize the market.
DOGUSDT Analysis Source: Tradingview.com
The 50-SMA (Simple Moving Average) is currently at 0.003113, and the 200-SMA is positioned at 0.002590, both of which are far below the current price level. The price being significantly above both moving averages suggests strong bullish momentum.
Dog (Runes) Price Prediction: More Upside Coming
A key support level is also visible just above the 200-SMA, from 0.002590 to 0.003113. This zone has acted as a base for the current upward trend and may continue to provide support in case of a correction. The price previously bounced off this level, making it an essential area to monitor.
Additionally, the RSI (Relative Strength Index) stands at 75.48, indicating that it is overbought (above 70). While the market remains bullish, it could be due for a short-term correction or consolidation as buying pressure begins to ease. An overbought RSI signals that buyers may start to take profits, potentially increasing selling pressure.
The parabolic price movement and rising moving averages show a strong bullish momentum. However, the overbought RSI and the distance between the current price and the 50-SMA indicate that a pullback or consolidation could be on the horizon.
If a correction occurs, investors should watch the 0.002590 to 0.003113 support zone for potential price stabilization.
Crypto All-Stars Presale Zooms Past $1.67 Million
As Dog (Runes) faces a key resistance level, a new contender in the meme coin space, Crypto All-Stars (STARS), continues to gain attention after raising over $1.67 million in its presale.
Popular YouTuber and analyst ClayBro, with 130K subscribers, says STARS offers investors ”huge rewards.”
Crypto All-Stars (STARS) provides meme coin enthusiasts with an innovative staking platform that supports multiple tokens, offering opportunities for substantial rewards.
Among the tokens that investors can stake on the platform are DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. And more will be added.
STARS tokens themselves can also be staked for an astounding 886% in annual rewards.
$STARS Shines bright: Crypto All-Stars Raises $1.5 Million in ICO Debut.$STARS is a standout token with a strong community and lucrative staking rewards.@wil39827 #All_Stars https://t.co/EHhlJ7jjih
— Web3Buzz (@web3buzzonX) September 26, 2024
Potential buyers can easily purchase STARS through the buy widget on the project’s website, where it stands out as one of the few projects that accept meme coins for ICO purchases.
Currently priced at $0.0014652, STARS can be bought using ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE, or bank cards.
If you want to join at the best rate, you must act quickly because the price will increase in about 18 hours before the presale moves to its next phase.
Purchase and stake STARS for its 886% APY here.
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