{"id":603652,"date":"2024-11-24T12:31:43","date_gmt":"2024-11-24T12:31:43","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=603652"},"modified":"2024-11-24T12:31:43","modified_gmt":"2024-11-24T12:31:43","slug":"dogecoin-price-prediction-doge-pumps-6-as-new-viral-cat-coin-catslap-skyrockets-120","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-pumps-6-as-new-viral-cat-coin-catslap-skyrockets-120","title":{"rendered":"Dogecoin Price Prediction: DOGE Pumps 6% As New Viral Cat Coin Catslap Skyrockets 120%"},"content":{"rendered":"

The Dogecoin price surged 6% in the last 24 hours to trade at $0.4402 as of 7:53 p.m. EST on trading volume that jumped 54% to $24.9 billion, according to CoinGecko.<\/span><\/p>\n

Dogecoin Price Aims For A Continued Rally<\/b><\/h2>\n

The <\/span>Dogecoin price<\/span> chart indicates a strong bullish trend, as evidenced by a sharp upward move and the price trading significantly above the 50-day and 200-day moving averages.<\/span><\/p>\n

After the initial parabolic rally, the price has entered a rising channel pattern, marked by higher highs and higher lows. This suggests continued bullish sentiment but within a more controlled and consolidative phase.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 60.94, slightly below overbought territory (70). This suggests that the price is still in a healthy uptrend but may see resistance if it nears overbought levels again. A recent peak near 63.18 hints at mild selling pressure, likely from profit-taking.<\/span><\/p>\n

Meanwhile, the blue Moving Average Divergence has already crossed above the orange signal line, which indicates that the price of Dogecoin is in positive momentum.<\/span><\/p>\n

If the Dogecoin price maintains its momentum within the rising channel, DOGE could soar even higher, breaching the upper boundary of the channel as the bulls target the next possible resistance level at $0.550.<\/span><\/p>\n

\"Dogecoin<\/p>\n

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

Conversely, if the bears push the Dogecoin price<\/a> to breach the lower boundary of the rising channel, DOGE price could plunge to the next support zone at the 50-day SMA ($0.39).<\/span><\/p>\n

Meanwhile, investors are rushing to buy the newly launched meme coin <\/span>Catslap (SLAP)<\/span>, which went parabolic after its listing three days ago.<\/span><\/p>\n

According to ClayBro, a prominent crypto analyst with over 131K subscribers, Catslap could be the next meme coin to surge 50X.<\/span><\/p>\n