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The Dogecoin price jumped 7% in the last 24 hours to trade at $0.16104 as of 04:08 a.m. EST on trading volume that dropped 9% to $2.8 billion.
This comes as Coinbase plans to introduce cash-settled futures contracts for Dogecoin, alongside Litecoin and Bitcoin Cash, starting April 1, citing Dogecoin’s sustained popularity in the crypto market.
Coinbase Derivatives will launch the first leveraged and CFTC-regulated futures contracts for Bitcoin Cash, Dogecoin, and Litecoin in April!
Stay tuned to find out when these contracts will be available to trade on our partner platforms. pic.twitter.com/MfUBrjuNsA
— Coinbase Institutional 🛡️ (@CoinbaseInsto) March 21, 2024
Dogecoin Price Bulls Push The Price Over The Falling Wedge Pattern
The Dogecoin price has demonstrated a notable surge as part of a broader crypto market recovery. Over the 1-hour timeframe, Dogecoin is exhibiting signs of a strong recovery after a swift liquidity sweep below the $0.1255 support zone.
Bulls remain resilient as the price approaches the midrange market level at $0.1663.
DOGE is trading well above both the 50-day and 200-day Simple Moving Averages (SMAs), which indicates that the price is currently on a bullish rally.
Additionally, the Relative Strength Index (RSI) in this timeframe also supports a bullish outlook, as it maintains above the 50 mark at 63. This suggests that buying pressure is building up. Should this momentum continue, the RSI could soar above the 70-overbought region, which could signal intense buying pressure.
The Moving Average Convergence Divergence (MACD) shows that the bulls are continuing to mount pressure on Dogecoin’s price action as the moving average line (blue) crosses above the signal line (orange), representing a bullish crossover. Optimistic investors often use a bullish crossover as an encouragement to add more buying positions, pushing the price even higher.
Moreover, the Average Directional Index (ADX) is also showing signs of a very strong bullish trend as it moves to the north at 42.
Dogecoin Price Prediction
The Dogecoin price analysis shows a bullish bias, as the bulls aim to push the price higher above the falling wedge pattern.
Additionally, the bulls are aiming to capitalize on the movement of the MACD and RSI to push the price, potentially surpassing the $0.1855 resistance as they aim for a new high above the resistance at $0.19 towards the March 5 peak of $0.2071.
Conversely, if the bears take control of the price at this level, they could prompt a pullback toward the critical support zone at $0.1255. If the price closes below this point, DOGE would negate the bullish scenario.
Meanwhile, investors are flocking to buy Dogecoin20 in presale as it closes on $6 million in funds raised at a run rate of almost $1 million a day.
Buy Dogecoin Upgrade Today – Best 1000X Potential Meme Coin
Positioned as the first upgrade within Elon Musk’s favorite DOGE family, DOGE20 is poised for greater success than its predecessors, including Shiba Inu and even Dogecoin itself.
The ongoing success of its presale demonstrates that it introduces utility, a quality that is frequently lacking in meme coins.
Go on #DOGE20! 🚀
2 Milestones in 1 Day! 🎉
Reaching over $5M raised now! 💰
We are on a roll! 🌟
Massive shoutout to the best Community ever! 🙌
$6 million tomorrow? – Definitely! 💪 pic.twitter.com/GuMT1lidEO
— Dogecoin20 (@DOGE_COIN20) March 21, 2024
The Dogecoin20 presale has already raised over $5.8 million and is racing towards its next target of $6.3 million. The project aims to be a more versatile and greener version of Dogecoin while maintaining the ethos of “doing only good every day.”
https://twitter.com/DOGE_COIN20/status/1768242237266104505?s=20
Stake DOGE20, Earn 171% APY
A unique feature of Dogecoin20 is its staking ecosystem, which allows holders to earn passive income by staking $DOGE20 tokens.
The token offers an impressive annual percentage yield of 171%. About 15% of the total token supply is set aside for staking rewards over the next two years.
The project has garnered significant attention from analysts and investors, with some speculating that it could explode on launch.
YouTube channel 99Bitcoins, with 709K+ subscribers, lists DOGE20 as a top crypto pick, and says it has the potential for up to 100,000X gains on launch.
The current price for Dogecoin20 is $0.000206. You can buy it on the official website here with ETH or USDT or by using your bank card.
But you have only slightly less than three days left before the price increases.
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