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The Dogecoin price surged 11% in the last 24 hours to trade at $0.1818 as of 4.05 a.m. EST on trading volume that skyrocketed 96% to $1.93 billion.
Dogecoin’s price saw a major 21% boost in the last seven days, but most of this growth happened in the last two days. Prior to that, the coin’s price fluctuated between $0.15 and $0.16, only to start growing on April 21.
The surge finally allowed it to breach the resistance at $0.16 and soar to $0.1838 before seeing a minor correction to its current value.
The DOGE price surge happened around the same time as Bitcoin’s price skyrocketed past $90k for the first time in over a month, reaching $94.29 as of the time of writing. The last time the coin’s price got this high up was in early March, which was followed by an immediate correction.
Dogecoin Price Prediction
With Bitcoin recovering to $94k, many believe that the new bull run is finally starting. However, a lot of investors turned to meme coins as one of the hottest sub-categories in the crypto industry. As the leader of the meme coin sector, DOGE is a popular choice, and its Bollinger Bands reflect an increase in activity surrounding the coin.
The bands have seen a series of widenings and narrowings as its price progressed upward. While investors optimistically pushed its price up, each resistance was met with doubt and hesitance, only for them to double down again as the coin broke the barriers.
DOGE/USDT chart analysis (Source: TradingView)
The project’s Relative Strength Index (RSI) value also reflects this. After surging from the edge of the oversold zone at the value of 30 on April 21, the RSI hit the overbought zone early on April 22.
Since then, it started a series of fluctuations between 60 and 85, venturing deeply into the overbought zone, only to then correct as traders took profits. However, a new wave of purchases would come as soon as the RSI dropped out of the overbought zone, suggesting high optimism surrounding the meme coin.
A few hours ago, however, the RSI did drop back to 50, but it is already on its way back up, suggesting that the surge might continue.
Promising Alternative To Dogecoin
For the time being, Dogecoin is held back by a strong resistance, which is why investors have turned to Fantasy Pepe (FEPE) — a new meme coin that started its ICO only days ago.
The project emerged as a fusion of meme coins and football, claiming that “football is life, memes are culture, and crypto is the future.”
The project’s goal is to combine all 3 and create the wildest game on the blockchain, which uses AI to set up meme football matches. It even introduces meme clubs, such as Doge FC, Pepe United, and more.
Users will be able to pick their teams, predict outcomes of the games, and win FEPE if their predictions turn out to be correct.
FEPE itself is the project’s native token which will be the heart of its platform and the upcoming matches. It also allows investors to stake them for 150% APY.
For now, the token is still in ICO, as mentioned, but the presale has already raised over $213.7k within days of going live, signaling strong interest and support from football and meme coin fans alike.
Right now, FEPE is selling for only $0.0003 per token, and can be bought with either ETH, USDT, USDC, BNB, or credit/debit cards. Once it goes live, however, it could see a massive price boost, with experts like Crypto ZEUS, a crypto YouTuber with over 85.6k subscribers, saying that it has massive potential.
Interested investors will want to buy FEPE before the next presale price hike in around 29 hours.
Learn more about Fantasy Pepe.
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