Dogecoin20 Price Prediction: DOGE20 Plunges 31% As Investors Pivot To This Chain-Hopping Dogecoin Derivative For Parabolic Gains

ByCharles Kibue

Updated: 06 May 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Dogecoin20 price has plunged 31% in the last 24 hours to trade at $0.0001194 as of 7:50 a.m. EST after facing resistance from its all-time high towards the end of April.

Dogecoin20 Price Signals A Bullish Trend Reversal

The Dogecoin20 price shows a bullish trend reversal at the $0.0001148 support level, following a downtrend from its peak at $0.0001735. Additionally, it has formed a double-bottom pattern, hinting at a shift toward a more optimistic trend.

DOGE20USDT Analysis. Source: Dextools.io

The support level might empower the bulls to push the price higher. The 50 and 21 simple moving averages (SMA) are trading below the price. If the buying pressure increases it could push the price above the averages, confirming the reversal.

Although the Relative Strength Index (RSI) dipped, it shows signs of bouncing back from the oversold level of 30, currently at 41. Increased momentum should see the RSI climb back into the overbought zone past the 50 midline level.

Dogecoin20 Price May Reverse On The Double Bottom Pattern

The bulls seem ready for another upward surge. The engulfing green candle sets up the possible turnaround, forming a double-bottom pattern. This could fuel a bullish rally, potentially pushing the price to $0.00020 ATH in the weeks ahead.

In the converse case, if the bears regain control, the bulls may seek refuge at around $0.00008864.

Final Call: Dogeverse Presale To Launch Soon: Buy Now!

As Doge20 prepares to surge again, investors may consider diversifying to the DOGEVERSE meme coin presale, which has already raised over $13 million and is ready to launch soon.

🚀 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 newest entrant in the dog-themed world and the first cross-chain token in this fun-filled crypto landscape. This token operates across six blockchain networks: Polygon, Ethereum, BNB Chain, Avalanche, Solana, and Layer 2 Base.

Why limit to one when you can have it all? $DOGEVERSE begins on the secure #Ethereum network, ensuring robust security and reliability. 🛡️💻

🔥 Bridging gaps between #Cryptocurrency ecosystems, we enhance liquidity, utility, and fun across the entire #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry

— DogeVerse (@The_DogeVerse) May 3, 2024

The platform also offers a staking option on the Ethereum blockchain, meaning that investors can enjoy a reward of 77% APY.

💫 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 in DOGEVERSE upon its launch.

https://youtu.be/fZn6pDPqW9o

If you are interested, you can buy DOGEVERSE at $0.000310. Acting fast will allow you to earn massively when the token launches soon.

It's now or never! 🚀

Buy some $DOGEVERSE before the #DEX launch kicks off!#Memecoins #Altcoins #Solana#Ethereum #DOGE

— DogeVerse (@The_DogeVerse) May 5, 2024

Buy DOGEVERSE through the project’s website here.