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The Dogcoin price has skyrocketed 408% in the last 24 hours to trade at $0.00423 as of 3:25 a.m. EST on a 1,154% pump in trading volume to $12.2 million.
Dogcoin Price Rebounds In A Parabolic Curve
The DCOIN/USD chart in the 15-minute timeframe indicates a clear shift from consolidation to a strong bullish breakout. Initially, the price showed a tight consolidation phase near the $0.00326 level, as seen by the flat movement along the 50-period moving average. This period of low volatility often indicates accumulation by market participants.
Following this, a parabolic curve pattern emerged, a hallmark of accelerating buying pressure. The price subsequently broke out above the key support level at $0.00365, validating the start of a strong upward trend.
The breakout pushed the price to a peak of approximately $0.00460, reflecting heightened bullish enthusiasm. The price has stabilized near $0.00423, holding well above the moving average, now serving as a dynamic support zone.
DCOIN/USD Analysis Source: Dextools.io
Meanwhile, the technical indicators confirm the bullish momentum as the MACD demonstrates a bullish crossover, with the MACD line (blue) moving decisively above the signal line (orange). The histogram is expanding in the positive territory, signifying growing momentum as buyers gain control.
Additionally, the Relative Strength Index (RSI) is at 65.21, trending upward but still below the overbought threshold of 70, suggesting the bulls can push Dogcoin price higher further.
Dogcoin Price Prediction Could Sustain The Bullish Trend
If the bullish trend persists, the next significant resistance targets are likely around the $0.00460–$0.00480 range. On the downside, the $0.00365 level now acts as a critical support zone; a sustained break below this level could trigger a deeper retracement, potentially halting the current bullish momentum.
DCOIN/USD is amid a strong upward trend supported by technical indicators and price action patterns. The parabolic move indicates growing buyer confidence, but monitoring the RSI for overbought conditions and observing whether the price can hold above the newly established support level is essential.
If the current momentum continues, the asset could reach new local highs, but traders should remain cautious of potential pullbacks near key resistance zones.
Solana Layer 2 Presale Solaxy Surges Past $14M – Best Crypto To Buy Now?
While the Dogcoin price continues to surge, investors are also pumping money into Solaxy (SOLX), a new Solana-based meme coin and the first-ever layer-2 solution on the Solana network that has raised over $14 million in presale funding.
As the Solana blockchain faces severe congestion, resulting in transaction delays and failures, Solaxy steps in with an innovative solution. It introduces a layer-2 framework designed to boost Solana’s performance without altering its core architecture. By offloading computational tasks from the main chain, Solaxy improves speed and scalability, addressing critical network challenges.
Solaxy will support both $ETH and $SOL with its robust scalability, describing themselves as the "world's first solana L2" this one looks quite bullish!
With $SOLX you're getting into a new Layer-2 which has an exciting #memecoin flare to it 🚀
DYOR – https://t.co/UuZScpnmos pic.twitter.com/hzXiY5CDv8
— Jacob Crypto Bury (@BuryCrypto) January 2, 2025
Solaxy also supports both $ETH and $SOL, making it a versatile platform for cross-chain activities. Marketed as the “world’s first Solana L2,” it combines technological advancements with the appeal of a meme coin, sparking significant interest among users.
Beyond scalability, Solaxy bridges the gap between Solana and Ethereum by integrating Ethereum’s robust security and liquidity with Solana’s high-speed capabilities. This fusion can potentially revolutionize the decentralized finance (DeFi) ecosystem, creating new opportunities for developers and users.
A prominent crypto analyst from the 99Bitcoins YouTube channel has even predicted that Solaxy could achieve a 100x pump after its official launch.
In addition, investors can also stake their SOLX tokens for a huge 306% annual return.
Currently, SOLX tokens are available at a presale price of $0.001612, with purchases supported via BNB, ETH, USDT, or bank cards.
With the presale price set to rise in just over 21 hours, interested investors should buy soon to lock in the best deal.
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