{"id":587916,"date":"2024-10-16T15:34:13","date_gmt":"2024-10-16T15:34:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=587916"},"modified":"2024-10-16T15:34:13","modified_gmt":"2024-10-16T15:34:13","slug":"dogecoin-price-prediction-doge-tops-meme-coin-gainers-with-8-pump-as-this-pepe-2-0-ico-rockets-towards-20-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-tops-meme-coin-gainers-with-8-pump-as-this-pepe-2-0-ico-rockets-towards-20-million","title":{"rendered":"Dogecoin Price Prediction: DOGE Tops Meme Coin Gainers With 8% Pump As This PEPE 2.0 ICO Rockets Towards $20 Million"},"content":{"rendered":"

The Dogecoin price has surged 8% in the last 24 hours to trade at $0.1253<\/a> as of 6:50 a.m. EST on a 109% pump in trading volume to $2.2 billion.<\/p>\n

The DOGE price pump made DOGE the top gainer among major meme coins by market capitalization, according to CoinMarketCap.<\/p>\n

Dogecoin Price May Explode Above The Cup And Handle Pattern<\/h2>\n

The Dogecoin (DOGE\/USDT) daily chart on Binance shows a detailed technical analysis and price levels where DOGE is trapped in a bearish channel characterized by lower highs and lower lows.<\/p>\n

The price reached a low of $0.079 before breaking out of this descending channel in mid-July, signaling a potential trend reversal.<\/p>\n

Following the breakout, the price indicates stability around the $0.105 to $0.11 range, which has served as a critical support zone. This level aligns closely with the 200-day Simple Moving Average (SMA), currently at $0.10672, making it a strong support level that DOGE has bounced off multiple times.<\/p>\n

\"Dogecoin<\/p>\n

DOGESDT Analysis Source: Tradingview<\/p>\n

A cup and handle pattern is formed on the chart, indicating a bullish trend continuation pattern. The “cup” portion has been formed, with the price bottoming at nearly $0.079, and is gradually recovering.<\/p>\n

The “handle” is now forming, and a breakout above the resistance level of around $0.13 (coinciding with the 50-day SMA) could confirm a bullish move, potentially pushing DOGE to a target price between $0.18 and $0.20. This target is derived from the depth of the “cup,” suggesting a significant upside after the breakout.<\/p>\n

Dogecoin Price Prediction: More Uptrend Coming<\/h2>\n

The Relative Strength Index (RSI) is currently at 67.69, nearing the overbought zone of 70. While this indicates strong bullish momentum, it also suggests the possibility of a short-term pullback before further upward movement. If the RSI crosses into overbought territory, there could be a slight pause in the rally.<\/p>\n

The Dogecoin price has a technical outlook that is positive, with the potential for a breakout toward the $0.18-$0.20 range. However, traders should watch the $0.105-$0.11 support zone and the RSI for signs of a short-term pullback.<\/p>\n

A failure to hold support could lead to a retest of the lower price levels around $0.08, while a successful breakout could signal the start of a larger rally.<\/p>\n

Pepe Unchained Presale Crashes Past $19.9 Million<\/h2>\n

Traders scouring the crypto landscape for future meme coins with the potential to muscle in on the top three biggest meme coins might want to take a look at a new Layer 2 meme coin called Pepe Unchained (PEPU).<\/a><\/p>\n

It has just zoomed past $19.9 million in funds raised in one of the biggest presales of the year.<\/p>\n

YouTuber ClayBro, with more than 130k subscribers, says PEPU is already being compared to PEPE, which is the third-largest meme coin with a market capitalization of almost $4.4 billion.<\/p>\n