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The Dogecoin price has surged 37% in the past month, after dropping 2% in the last 24 hours, to trade at $0.2178 as of 5.45 a.m. EST on trading volume that soared 98% to $2.83 billion.
Dogecoin Price Prediction
The Dogecoin price initially surged when Bitcoin breached the $100k barrier for the first time since January. Like the oldest crypto, DOGE also saw its price fluctuate between a resistance at $105k and a support at $102.5k.
This suggests that Dogecoin’s price is still following Bitcoin’s lead. The last 24 hours have also seen the meme coin’s Bollinger bands narrow compared to the situation as it was yesterday. Higher price movements in the past two days led the bands to narrow as the price pushed the upper band further up.
However, the following correction allowed the price to stabilise, and the bands tightened around it to reflect a drop in activity.
Dogecoin’s Relative Strength Index (RSI) value performed similarly, venturing up to 85.28 yesterday, only to crash to the oversold zone as traders took profit. This triggered another wave of purchases, which returned the RSI to 64.64, only to drop again. In the last nine hours, the metric saw fluctuations between the oversold zone and the value of roughly 45.
This suggests that traders hesitate to buy and are waiting to see what might happen next. However, day traders are still causing plenty of activity for DOGE, hence the minor fluctuations in the RSI and its value.
Promising Alternative To Dogecoin
With Dogecoin’s price relatively stable, some investors are eying a new presale called SUBBD (SUBBD). It’s a project that YouTube channel 99Bitcoins, with over 723k subscribers, says has 100x potential.
SUBBD is a native cryptocurrency of the SUBBD platform, a new content creation platform that offers a decentralised version of OnlyFans. It uses AI to help content creators by removing some of the tedious, everyday management tasks.
This could strongly impact the relationship between creators and their fans, who feel neglected as the creators have very little time to engage with their communities. But, with these tasks now gone, creators can dedicate more time to the fans and strengthen their relationships.
So far, over 2,000 top-earning creators have joined SUBBD, bringing a combined following of 250 million. That’s 250 million potential SUBBD token users who could pump its value once the token goes live.
Those who hold the token are granted access to exclusive content, platform discounts, and more.
SUBBD tokens are on sale for only $0.05545 apiece. If you’d like to join investors who have invested more than $448k in the project, buy before a price hike in less than 2 days.
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