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The Dogecoin price pumped 15% in the last 24 hours to trade at $0.1646 as of 3 a.m. EST on trading volume that skyrocketed 145% to $3.76 billion.
Dogecoin Price Prediction
After surging to $0.168 a few hours ago, the Dogecoin price corrected slightly to the current price of $0.1646. However, the big question is where will its price go from here?
The coin’s technical indicators suggest that the Dogecoin price might yet have an additional chance to grow, but at the same time, there is a certain level of hesitation from investors and traders. This can be seen from the fact that the project’s Bollinger bands have narrowed in the past several hours after being much wider during yesterday’s surge.
This suggests that the bullish wave may have been cut short, although it doesn’t necessarily mean that the project’s price is about to crash. The price fluctuated between the lower band and the middle point between the two bands for several hours, but now, it is seemingly ready to head back up to the upper band, which could lead to another widening.
Meanwhile, the project’s Relative Strength Index (RSI) value has been showing fairly bullish behavior. After it dropped from the overbought zone, it only descended to the neutral area, which is where it stopped its drop. After several hours of small fluctuations around the value of 50, the RSI score is showing signs of another growth.
This suggests that some traders did decide to sell their DOGE to take profit, but not enough of them did it to push the price to the oversold zone. Rather, many seem to expect the coin to see another increase in value, and are keeping their DOGE in expectation of it.
If true, DOGE could see another surge in the next few hours, especially with the support at $0.165 now providing it with a foothold. Unless if the market gets struck by a strong bearish wave, Dogecoin might soon see another increase, and reach levels last seen in April and March of this year.
Promising Alternative To Dogecoin
Investors looking for the next Dogecoin might consider investing in Pepe Unchained (PEPU), the standout presale of 2024 after raising $23.17 million so far.
The reason behind its popularity is the fact that it is the first Pepe-based meme coin with its own blockchain — a Layer 2 chain that provides the project with much greater speed, lower fees, and scalability that neither the original Pepe nor other Pepe alternatives can match.
Pepe Unchained also created a native DEX, a block explorer, and more will be coming in the future, as the project intends to create an entirely new ecosystem
Right now, many believe that PEPU will replace the original PEPE once it goes live. YouTuber Jacob Crypto Bury, who has over 43.2k subscribers, says that it could be the next 10x crypto.
Right now, PEPU sells for only $0.01189, and you can buy it with ETH, BNB, USDT, or your credit/debit card.
With a price hike coming in less than 2 days, investors eager to join the presale should act soon to secure the best deal.
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