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The DOG•GO•TO•THE•MOON price soared 29% in the last 24 hours to trade at $0.002301 as of 03:11 a.m. EST on trading volume that skyrocketed 81% to $19.94 million.
This comes as Rune Protocol tokens continue to show massive strength as they capitalize on the recent Bitcoin rally.
DOG•GO•TO•THE•MOON Price Set For a Bullish Rally
The DOG•GO•TO•THE•MOON price, after hitting an all-time high of $0.0053, has been on a downtrend, trading within the $0.002647 support.
However, on May 5, DOG breached this support as the bulls retreated to the support zone around $0.001743. With this support, the bulls are rallying the price to $0.002647 resistance, forming a rounding bottom pattern as they prepare for a breakout above this level.
DOG is trading above the 50-day Simple Moving Average (SMA), an indication of the bullish potential to the upside. If this bullish stance is sustained, DOG could potentially overcome the 200-day SMA hurdle to soar above $0.002442.
Moreover, the Relative Strength Index (RSI) trades towards the 70-overbought region, currently at 60 as it moves up, an indication of intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also bullish. The blue MACD line crosses above the orange signal line and forms a bullish crossover. A bullish crossover, with a rising RSI, prompts investors to buy more, which could propel the price even more.
The green bars on the histogram also extend gracefully above the neutral line, which shows that DOG is moving with positive momentum. The movement of the Average Directional Index (ADX), which trades above the 25 level, currently at 34, showing that DOG is on a very strong bullish trend, supports this.
DOG•GO•TO•THE•MOON Price Prediction
The DOG•GO•TO•THE•MOON price analysis on the 1-hour chart indicates a continuation of the bullish rally to the upside, with DOG poised to soar above the $0.002647 resistance, as it capitalizes on the rounding bottom pattern.
With the RSI, ADX, and MACD all showing positive sentiments, DOG bulls are aiming at pushing the price above, as they target $0.003653.
However, with all indicators showing a continued buying frenzy, DOG could potentially undergo a price correction, which could force a retrace back to the $0.00203 support, which coincides with the 50-day SMA.
As the DOG•GO•TO•THE•MOON bulls gear up for a bullish rally, investors are also buying Dogeverse, a Dogecoin derivative that aims emulate the success of other dog-themed token giants like Dogecoin and Shiba Inu.
Top crypto analysts like Jacob Bury believe that Dogeverse has the potential to soar 100X after launch.
Dogeverse Offers Investors Last Chance To Buy
Dogeverse (DOGEVERSE) is an innovative project that is poised to be the world’s first chain-traveling Doge and continues to make waves in presale, having successfully garnered over $13 million. Investors have a last chance to buy as the team gears up toward its launch.
The crypto token is designed for seamless operations across multiple blockchains. This makes it possible for investors to easily purchase the tokens on Ethereum, BNB Smart Chain, Polygon, Avalanche, Base, and Solana.
🌐 Embracing Inclusive Accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
Dogeverse is inspired by Cosmo the Doge, which can hyperjump between crypto networks, giving Dogeverse the ability to move across chains. That makes the token widely accessible within the crypto space and increases its utility.
The project also offers an opportunity for earning passively by staking $DOGEVERSE tokens for an impressive 72% annual percentage yield (APY).
You can participate in the presale by buying $DOGEVERSE for $0.00031 per token. Buy soon, though, because now is the last chance to buy before launch.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
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