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The Dogecoin price surged 6% in the last 24 hours to trade at $0.1321 as of 7:25 a.m. EST on a 5% increase in trading volume to $1.89 billion.
This surge comes as crypto expert Ali Martinez suggests that despite the recent correction in the DOGE price, a new bull run might be about to kick off.
Over the years, #Dogecoin appears to mirror its previous bull cycles! All you need is a little bit of patience. ⌚️ pic.twitter.com/QMqvmJaLkl
— Ali (@ali_charts) May 1, 2024
Dogecoin Price Signals A Rebound On A Double Bottom Pattern
The Dogecoin price shows signs of a bullish trend reversal on the $0.1220 support level after dropping from the $0.2237 resistance level which allowed the bears to push the price down in a corrective phase. However, a double-bottom pattern could be forming, which could encourage buyers to start a bullish rally.
DOGEUSDT Analysis. Source: Tradingview.com
Dogecoin seems ready to reclaim its previous high mainly because of the optimistic investors who’ve been able to maintain the price above the 200-day Simple moving average. Repeatedly, the price of DOGE faced resistance at the 50-day SMA, suggesting significant selling pressure at higher price points. However, increased pressure should see the price surpass the 50-day SMA.
Furthermore, the Relative Strength Index (RSI) signals a rebound from the 30 oversold level. If momentum sustains, the RSI should reach the 50 midline level.
Dogecoin Price Aims To Reclaim $0.2237 High
The Dogecoin bulls are striving for a higher price and are finding support from the 200 SMA. With momentum picking up within the $0.1220 support zone, there’s a chance the price will set sights on reclaiming the $0.2237 high in the upcoming weeks.
On the flip side, bears could continue the corrective phase, pushing the price below the support zone at $0.1220, forcing the bulls to retreat to the $0.1057 support.
Dogeverse Presale Soars Past $13 Million
As the Doge price finds its footing, investors are still flocking to the DOGEVERSE meme coin presale, which has already amassed over $13 million in funds raised.
🚀 We Did It! $13 Million. 🤯
$DOGEVERSE the first #Doge #Presale spanning #Ethereum, #BNB Chain, #Polygon, #Solana, #Avalanche, and #Base…and it's showing!
Cosmo is wagging his tail in appreciation, and so are we! 🌍🐕
The #Presale is still ongoing 💥 #MemeCoinSeason pic.twitter.com/GIUWSBCYcH
— DogeVerse (@The_DogeVerse) May 2, 2024
Dogeverse is the latest addition to the dog-themed crypto realm. Despite its connection to the largest meme coin by market cap, Dogeverse stands on its own, distinguishing itself as the first cross-chain token in the playful crypto space.
Dogeverse now operates on six blockchain networks: Polygon, Ethereum, BNB Chain, Avalanche, Solana, and Layer 2 Base.
#Cosmo ventures to a new world in the vast #Blockchain Universe! 🚀
This time landing on planet #Solana and expanding the horizons of the #DOGEVERSE even more! 🪐
Empowering users with benefits like:
⚡️ Lightning-Fast Transactions
💸 Low Transaction Costs
🌐 Scalability and… pic.twitter.com/BH4l5RjhIS— DogeVerse (@The_DogeVerse) April 30, 2024
Enjoy 85% APY Through Staking
DOGEVERSE offers a built-in staking option to its users on the Ethereum blockchain that offers an 85% annual yield.
💫 Advantages of $DOGEVERSE! 🚀🌍
The $DOGEVERSE token is minted on #Ethereum and is unique in that it can also be claimed, stored and traded on #Solana, #BNB Chain, #Base, #Polygon, or #Avalanche using #Wormhole and Portal Bridge tech. 💪 pic.twitter.com/H1ixNWVjj7
— DogeVerse (@The_DogeVerse) April 29, 2024
Jacob Bury, a crypto analyst and Youtuber, projects a 10X to 100X surge for DOGEVERSE upon its launch.
With a price hike coming in less than 19 hours, interested parties should act fast to secure the best deal..
Buy DOGEVERSE on the project’s website here.
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