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The Dogecoin price dropped 4% in the last 24 hours to trade at $0.4235 as of 11:29 p.m. EST on trading volume that plunged 36% to $12.5 billion.
Dogecoin Price Could Continue Surging
The DOGE/USD price chart shows that the Dogecoin price has been on a bullish trend over the last couple of months. The price has steadily increased from late September through November, with strong upward momentum evident in mid-November.
However, the recent price action suggests a period of consolidation following a sharp rally, according to data from GeckoTerminal. The Dogecoin price, after the recent rally formed a rounding bottom pattern, using the $0.36 support to keep pushing the price up.
DOGE price is now trading above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the continued uptrend.
The RSI is currently at 53, which is in the neutral zone. This suggests that the recent consolidation has relieved overbought conditions that were likely present during the rally in November. The RSI is not signaling extreme overbought or oversold conditions, meaning that the market could still have room for another upward move if bullish momentum resumes.
According to the Dogecoin price analysis on the 4-hour timeframe, DOGE is currently bullishly biased. If the bulls are persistent, the Dogecoin price could surge, as the bulls currently target the next possible resistance level at $0.60 in the long term.
DOGEUSD Chart Analysis Source: GeckoTerminal
However, in a scenario where the bears take charge of the price, the price of Dogecoin could plunge to the 200-day SMA at $0.26, now acting as a cushion against downward pressure.
As the Dogecoin bulls aim for a continued surge, investors are snapping up new meme coin ICO Pepe Unchained (PEPU), which 99Bitcoins, a crypto channel on YouTube with over 706K subscribers, says could surge 100X when it launches in just 18 days.
Pepe Unchained Presale Ends In 18 Days – Last Chance To Buy
Traditional blockchain networks often struggle with high fees and slow transaction speeds. Enter Pepe Unchained, which aims to solves thes problems through its advanced Layer 2 technology, giving investors faster transactions at a fraction of the cost.
And it will, at the same time, ”unchain” the original Pepe meme coin, which is stuck in its clunky Layer 1 home on Ethereum.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
The project recently reached a key milestone, with its Layer 2 solution passing all audit checks ahead of schedule. This accomplishment paves the way for its upcoming launch following the presale.
The presale phase has generated remarkable interest from the crypto community worldwide. Investors have contributed over $40 million, with whale buyers frequently scooping up PEPU tokens.
There are now only 18 days left until Pepe Unchained’s listing amid speculation that one of the most successful presales ever could be the next project to snare a coveted listing on Coinbase or Binance.
You can buy PEPU tokens for $0.01295 each before the presale ends. To join the presale, buy PEPU from its official website using ETH, USDT, or a bank card.
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