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The Dogecoin price climbed 3% in the last 24 hours to trade at $0.1162 as of 03:15 a.m. EST on trading volume that skyrocketed 38% to $1.03 billion.
This comes as crypto asset manager Grayscale said it is considering adding 35 altcoins, including DOGE, WLD, PYTH, and RUNE, to a list of assets for future investment products.
Grayscale’s interest in Dogecoin, Worldcoin, and other digital assets underscores the growing institutional focus on crypto as investment assets.
Dogecoin Price Aiming For A Breakout
The Dogecoin price chart shows a sideways trend over the past few months, following a significant spike to the $0.22 resistance and correction to the $0.089 support that occurred earlier in the year, according to data from GeckoTerminal.
The price is consolidating between the 200-day Simple Moving Average (SMA) (yellow line) and 50-day SMA (red line), reflecting indecision in the market, but recent price action suggests some strength in trying to break out of a consolidation range.
Moreover, the Relative Strength Index (RSI) is currently at 58.82, which is in the neutral to slightly bullish zone. It’s approaching overbought conditions (above 70), but for now, it’s indicating there’s still room for upward movement before reaching overbought territory.
The highlighted Fair Value Gap (FVG) in the yellow zone indicates a region where price imbalance occurred during a past rapid price movement. This acts as an area where the price might fill the gap, meaning if the price drops, it could revisit this zone (around $0.0823 to $0.095).
Currently, the price is above this level, which is a positive sign that the market has rejected this lower price range.
Dogecoin Price Prediction
The fact that the price is above the 50-day SMA and the RSI is trending positively indicates mild bullish momentum. If this momentum picks up more momentum, the price of Dogecoin may soar to the next resistance at $0.15.
However, if the bears take control of the price at this level, the Dogecoin price could plunge back to the lower boundary of the FVG at $0.0823.
As the Dogecoin price bulls aim for a bullish rally, the Pepe Unchained (PEPU) presale remains maximum bullish as it barrels towards $20 million in funds raised in its presale
According to 99Bitcoins, a popular crypto YouTube channel with over 706k subscribers, PEPU could be the next 10x meme coin.
Pepe Unchained Presale Surges Past $19.6 Million
The OG Pepe meme coin was originally built on the Ethereum blockchain, which has long been confined by its Layer-1 technology, hampered by network delays and rising gas fees.
Enter Pepe Unchained, which comes with its own blockchain that has lightning-fast speeds and much cheaper prices.
Pepe Unchained L2 Sneak Peek!
What we're building is not just a new chain, but an entire ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced Analytics
🐸Builder GrantsPepe Unchained is coming. And it's going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
Wi͏th͏ this͏ L͏ayer 2 solu͏tion,͏ Pepe Unchained͏ prov͏ide͏s a seamless͏ experi͏ence͏ for us͏e͏rs, e͏nha͏ncing the ͏efficie͏ncy of t͏r͏ansact͏ions.
Token holders can also earn passively via the platform’s staking system, which offers 112% in annual rewards.
You can buy $PEPU tokens for $0.00999 each. With a price hike coming in less than 2 days, buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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