{"id":589008,"date":"2024-10-19T17:26:03","date_gmt":"2024-10-19T17:26:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=589008"},"modified":"2024-10-19T17:26:03","modified_gmt":"2024-10-19T17:26:03","slug":"dogecoin-price-prediction-doge-surges-10-as-this-pepe-derivative-ico-heads-for-30m-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-surges-10-as-this-pepe-derivative-ico-heads-for-30m-next-crypto-to-explode","title":{"rendered":"Dogecoin Price Prediction: DOGE Surges 10% As This PEPE Derivative ICO Heads For $30M \u2013 Next Crypto To Explode?"},"content":{"rendered":"

The Dogecoin price surged more 10% in the last 24 hours <\/span>to trade at $0.1465<\/span><\/a> as of 11:16 p.m. EST on trading volume that jumped 20% to $2.24 billion.<\/span><\/p>\n

Dogecoin Price Indicators Show A Continued Bullish Rally<\/b><\/h2>\n

The Dogecoin price has been in a sustained bullish rally since October 8, as the bulls took control of the price at the $0.099 support level, as shown on the DOGE\/USDT chart analysis on the 12-hour timeframe.<\/span><\/p>\n

The parabolic surge after a slight downtrend formed a rounding bottom pattern, which the bulls are now capitalizing on to continue pushing the price even higher.<\/span><\/p>\n

DOGE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained surge to the upside.<\/span><\/p>\n

Furthermore, the Relative Strength Index (RSI) is at 79.76, which is overbought territory. An overbought reading signals that the price has risen rapidly and may experience a short-term pullback or consolidation before continuing its upward momentum. However, in strong bullish trends, RSI can remain overbought for extended periods.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), which is a bullish signal. The histogram is positive, indicating growing momentum to the upside. Moreover, the MACD line is also above the zero line, further confirming bullish momentum. This suggests that the price may continue its upward trajectory.<\/span><\/p>\n

\"Dogecoin<\/p>\n

DOGEUSDT Chart Analysis (Source: Tradingview)<\/span><\/i><\/p>\n

Dogecoin Price Prediction<\/b><\/h2>\n

According to the Dogecoin price analysis, the current outlook is bullish, with price action breaking above key resistance levels (50-day SMA) and technical indicators confirming upward momentum.<\/span><\/p>\n

A sustained bullish momentum could push the price even further, as the bulls target the next resistance level at $0.164.<\/span><\/p>\n

However, the overbought RSI suggests the possibility of a short-term pullback or consolidation before a continued upward move. In this scenario, the next possible support level could be within the 200-day SMA around $0.11.<\/span><\/p>\n

Meanwhile, as the Dogecoin price soars, investors are also rushing to buy a new PEPE alternative called <\/span>Pepe Unchained (PEPU)<\/span><\/a>, which influential crypto YouTuber ClayBro, with over 130k subscribers, says could soar 20x on launch.<\/span><\/p>\n