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The DOG•GO•TO•THE•MOON price has surged 10% in the last 24 hours to trade at $0.004198 as of 2.50 a.m. EST on trading volume that surged 69% to $39.52 million.
The project emerged with the intention of becoming the #1 meme coin on Bitcoin, with its sole mission being to go to the moon. So far, the project has made solid progress thanks to a recent listing on Kraken Exchange announced on Nov. 14.
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This, combined with the rising prices that took BTC to $93K per coin, has set an excellent environment for the DOG price to surge as well.
The project rose from a support at $0.0035 less than 12 hours ago to over $0.0045, after which the price settled at $0.004198, which is where it finds itself at the time of writing.
DOG•GO•TO•THE•MOON Price Prediction
Despite the bullish sentiment and the new listings, DOG has seen a sharp correction after trying to breach the resistance at $0.0045. This was likely partially caused by a market-wide price correction which followed Bitcoin’s drop below the $90K price.
The world’s largest cryptocurrency dropped to $87.5K, pulling the rest of the market down with it. In response, DOG•GO•TO•THE•MOON also saw a price dip, with multiple technical indicators suggesting that it might drop even further in the next few hours.
Its Bollinger Bands, for example, have seen a sharp narrowing, even though the token’s price has separated from the lower band. At the time of writing, it seemingly settled between the two lines. However, while it is currently stable, this is unlikely to last for very long. The only question is, once the breakout comes, which way will the price go?
The current stability can be seen from the project’s Relative Strength Index (RSI) too, which recently ventured deep into the overbought area, enabling the major price surge seen 9 hours ago. After that, it dropped to 41, only to recover to the neutral zone at 50, which is where it maintained balance over the last several hours.
This suggests that the sell-off was not at full strength and that many traders seemingly have high hopes for the project’s price and its potential for recovery. However, the DOG price already traded against the market when it surged, while BTC was falling yesterday. Right now, the token is maintaining its balance, but it cannot mount a rally against Bitcoin’s dominance.
On the positive side, the Crypto Fear & Greed index is still overwhelmingly in the green, which leaves the possibility of a price recovery open, both for Bitcoin and the altcoin market. However, all cryptos will have several major resistances to breach in order to return to their prices from before the correction that took place in the last 24 hours. DOG itself is close to $0.0045, giving it an edge and a chance to breach the major barrier that stopped it before.
Promising Alternative To DOG•GO•TO•THE•MOON
DOG•GO•TO•THE•MOON has been one of the most profitable tokens to hold during the last 24 hours, while most other cryptos corrected. However, now that it has lost its momentum, traders and investors might be better off considering an alternative, such as Flockerz (FLOCK) — a highly promising meme coin still in presale.
Flockerz is a project that stood out from many others thanks to its unique design, as well as a new Vote-To-Earn (V2E) model that introduces a new way to keep community members active and engaged, especially when it comes to project governance. Simply put, it promises to reward its token holders with new FLOCK tokens each time they participate in the governance process and help the project reach a decision through voting.
That way, it can ensure that community members will keep returning to lend their aid to the project, and at the same time, it will maintain high levels of decentralization. Its solution may be simple, but that doesn’t mean that it is not highly efficient. In fact, experts such as crypto YouTuber ClayBro, who has over 131K subscribers, believe that the project has 40X potential, especially in the current bull market.
Flockerz confirmed this with a highly successful ICO, which shows great demand. It managed to raise over $1.86 million already, and is rapidly closing in on the $2 million mark. Meanwhile, its price remains at about half a cent, currently at $0.0060289. You can join its presale and buy FLOCK tokens with USDT, BNB, ETH, or credit/debit cards.
Visit FLOCK’s official website.
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