{"id":587498,"date":"2024-10-15T11:00:02","date_gmt":"2024-10-15T11:00:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=587498"},"modified":"2024-10-15T11:00:02","modified_gmt":"2024-10-15T11:00:02","slug":"dogecoin-price-prediction-as-grayscale-mulls-adding-doge-to-products-this-barnstorming-pepe-ico-closes-on-20-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/press-releases\/dogecoin-price-prediction-as-grayscale-mulls-adding-doge-to-products-this-barnstorming-pepe-ico-closes-on-20-million","title":{"rendered":"Dogecoin Price Prediction: As Grayscale Mulls Adding DOGE To Products, This Barnstorming PEPE ICO Closes On $20 Million"},"content":{"rendered":"

The Dogecoin price climbed 3% in the last 24 hours <\/span>to trade at $0.1162<\/span><\/a> as of 03:15 a.m. EST on trading volume that skyrocketed 38% to $1.03 billion.<\/span><\/p>\n

This comes as crypto asset manager Grayscale said it is considering adding 35 altcoins<\/a>, including DOGE, WLD, PYTH, and RUNE, to a list of assets for future investment products.<\/span><\/p>\n

Grayscale’s interest in Dogecoin, Worldcoin, and other digital assets underscores the growing institutional focus on crypto as investment assets.<\/p>\n

Dogecoin Price Aiming For A Breakout<\/h2>\n

The Dogecoin price chart shows a sideways trend over the past few months, following a significant spike to the $0.22 resistance and correction to the $0.089 support that occurred earlier in the year, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The price is consolidating between the 200-day Simple Moving Average (SMA) (yellow line) and 50-day SMA (red line), reflecting indecision in the market, but recent price action suggests some strength in trying to break out of a consolidation range.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) is currently at 58.82, which is in the neutral to slightly bullish zone. It’s approaching overbought conditions (above 70), but for now, it’s indicating there’s still room for upward movement before reaching overbought territory.<\/span><\/p>\n

The highlighted Fair Value Gap (FVG) in the yellow zone indicates a region where price imbalance occurred during a past rapid price movement. This acts as an area where the price might fill the gap, meaning if the price drops, it could revisit this zone (around $0.0823 to $0.095).<\/span><\/p>\n

Currently, the price is above this level, which is a positive sign that the market has rejected this lower price range.<\/span><\/p>\n

\"Dogecoin
DOGEUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

Dogecoin Price Prediction<\/h2>\n

The fact that the price is above the 50-day SMA and the RSI is trending positively indicates mild bullish momentum. If this momentum picks up more momentum, the price of Dogecoin may soar to the next resistance at $0.15.<\/span><\/p>\n

However, if the bears take control of the price at this level, the Dogecoin price could plunge back to the lower boundary of the FVG at $0.0823.<\/span><\/p>\n

As the Dogecoin price bulls aim for a bullish rally, the<\/span> Pepe Unchained (PEPU)<\/span><\/a> presale remains maximum bullish as it barrels towards $20 million in funds raised in its presale<\/span><\/p>\n

According to 99Bitcoins, a popular crypto YouTube channel with over 706k subscribers, PEPU could be the next 10x meme coin. <\/span><\/p>\n