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The Dogecoin price surged 6% in the last 24 hours to trade at $0.4402 as of 7:53 p.m. EST on trading volume that jumped 54% to $24.9 billion, according to CoinGecko.
Dogecoin Price Aims For A Continued Rally
The Dogecoin price chart indicates a strong bullish trend, as evidenced by a sharp upward move and the price trading significantly above the 50-day and 200-day moving averages.
After the initial parabolic rally, the price has entered a rising channel pattern, marked by higher highs and higher lows. This suggests continued bullish sentiment but within a more controlled and consolidative phase.
The Relative Strength Index (RSI) is at 60.94, slightly below overbought territory (70). This suggests that the price is still in a healthy uptrend but may see resistance if it nears overbought levels again. A recent peak near 63.18 hints at mild selling pressure, likely from profit-taking.
Meanwhile, the blue Moving Average Divergence has already crossed above the orange signal line, which indicates that the price of Dogecoin is in positive momentum.
If the Dogecoin price maintains its momentum within the rising channel, DOGE could soar even higher, breaching the upper boundary of the channel as the bulls target the next possible resistance level at $0.550.
DOGE/USDT Chart Analysis (Source: Tradingview)
Conversely, if the bears push the Dogecoin price to breach the lower boundary of the rising channel, DOGE price could plunge to the next support zone at the 50-day SMA ($0.39).
Meanwhile, investors are rushing to buy the newly launched meme coin Catslap (SLAP), which went parabolic after its listing three days ago.
According to ClayBro, a prominent crypto analyst with over 131K subscribers, Catslap could be the next meme coin to surge 50X.
Catslap Soars 120% In The Last 24 Hours – Best Crypto To Buy Now?
Catslap Token is a rapidly growing cat-themed meme coin that brings gamified clicker fun.
Players compete globally via its “Slapometer,” tallying clicks and fostering an addictive, competitive environment. Its Slapometer has gone into overdrive already with more than 4.9 million slaps unleashed, and counting.
Since launch on Thursday, Catslap has surged more than 2,000% to reach a market cap of $49 million.
New $SLAP ATH & Gary Gensler is stepping down. Send it to the moon 😻 pic.twitter.com/PzaPD8fdn7
— CatSlap (@CatSlapToken) November 21, 2024
Catslap Token has locked liquidity for 60 days amounting to $3 million, so no worries about rug pulls here. It has also been given a top score for reliability of 99/99 on DexTools.
Also boasting a reliable smart contract audit, Catslap is gaining traction among influencers and investors as it aims for centralized exchange listings.
Adding to its FOMO frenzy is its partnership with Best Wallet, a fast-growing crypto wallet which connects Catslap Token to over 60,000 users. This boosts $SLAP’s visibility and momentum.
You can also earn passively through the project’s staking feature that offers a stellar 40% return.
We be cooking. Staking now live, all website buys will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ
— CatSlap (@CatSlapToken) November 21, 2024
The SLAP price soared 120% in the last 24 hours to trade at $0.005127 as per DexScreener data.
You can purchase SLAP Token from its official website here. Buy before what the team says will be a major announcement in just 11 days. Could that be a listing on Coinbase or even Binance?
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