{"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

Dogecoin Price Prediction: How is DOGE Doing?<\/span><\/h2>\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

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2-hour DOGE\/USD Chart | Source: <\/span>TradingView<\/span><\/a><\/p>\n

A Promising Alternative?<\/h2>\n

Meanwhile, as the Dogecoin price soars, investors are pouring money into the<\/span> PlayDoge (PLAY)<\/a> presale, which has already raised more than $5.8 million.<\/span><\/p>\n

PlayDoge is a play-to-earn cryptocurrency that <\/span>combines the iconic Doge meme with the beloved Tamagotchi game from the 90. The g<\/span>ame transforms the DOGE meme into a Tamagotchi-style virtual pet, which allows users to earn $PLAY tokens.<\/span><\/p>\n

Players must be sure their digital pets are fed, rested, loved, and taken on trips, and they are rewarded in PLAY tokens based on how well they perform these tasks.<\/span><\/p>\n

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PLAY tokens also can be staked for an annual return of 84%.<\/span><\/p>\n

”This could be absolutely huge,” says the 99Bitcoins YouTube channel, which has over 705k subscribers, adding that PLAY could be the next 10x crypto,<\/span><\/p>\n