{"id":555023,"date":"2024-07-21T13:24:04","date_gmt":"2024-07-21T13:24:04","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=555023"},"modified":"2024-07-21T13:24:04","modified_gmt":"2024-07-21T13:24:04","slug":"dogecoin-price-prediction-doge-soars-20-in-a-week-amid-massive-whale-accumulation-as-the-playdoge-ico-nears-6-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-soars-20-in-a-week-amid-massive-whale-accumulation-as-the-playdoge-ico-nears-6-million","title":{"rendered":"Dogecoin Price Prediction: DOGE Soars 20% In A Week Amid Massive Whale Accumulation As The PlayDoge ICO Nears $6 Million"},"content":{"rendered":"
The Dogecoin price surged by 20% in a week and about 6% in the past 24 hours to trade at <\/span>$0.1311<\/span><\/a> as of 5:50 p.m. EST, according to CoinGecko. <\/span><\/p>\n The DOGE pump comes as a whale investor amassed 800 million DOGE tokens in two transactions worth almost $101 million, according to Whale Alert.<\/p>\n Looking at an in-depth analysis, we see that the price is currently trading above the Ichimoku Cloud, which generally indicates a bullish trend. The recent price action shows a slight pullback after a significant upward movement, suggesting a potential consolidation or a minor correction. <\/span><\/p>\n Looking at the Ichimoku Cloud, we see that the Conversion Line (Tenkan-sen) and Base Line (Kijun-sen) is above the Base Line, which is a bullish signal. The Leading Span A and Leading Span B is above Leading Span B, forming a green cloud, which confirms the bullish trend. The Lagging Span is above the price, adding to the bullish sentiment.<\/span><\/p>\n Looking at other indicators, we see that the ADX (Average Directional Index) is at 35.54, which indicates a strong trend. Generally, an ADX value above 25 is considered to signify a strong trend, and values above 35 indicate a very strong trend. <\/span><\/p>\n On the other hand, we see that the Awesome Oscillator (AO) is currently showing bearish momentum with red bars, indicating that the bullish momentum might be weakening.<\/span><\/p>\n However, it’s still above the zero line, suggesting that the overall trend remains bullish. Dogecoin (DOGE\/USDT) is in a bullish trend, confirmed by the Ichimoku Cloud and ADX indicators. The current pullback could be a minor correction within the overall uptrend.<\/span><\/p>\n 2-hour DOGE\/USD Chart | Source: <\/span>TradingView<\/span><\/a><\/p>\nDogecoin Price Prediction: How is DOGE Doing?<\/span><\/h2>\n
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