{"id":611725,"date":"2024-12-20T07:43:44","date_gmt":"2024-12-20T07:43:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=611725"},"modified":"2024-12-20T07:43:44","modified_gmt":"2024-12-20T07:43:44","slug":"dogecoin-price-prediction-as-doge-plummets-14-a-fomo-frenzy-erupts-around-this-25m-presale-with-just-hours","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-as-doge-plummets-14-a-fomo-frenzy-erupts-around-this-25m-presale-with-just-hours","title":{"rendered":"Dogecoin Price Prediction: As DOGE Plummets 14%, A FOMO Frenzy Erupts Around This $25M Presale With Just Hours Left"},"content":{"rendered":"

The Dogecoin price plunged 14% in the last 24 hours to trade at $0.3141 as of 01:55 a.m. EST on trading volume that climbed 50% to $10 billion.<\/span><\/p>\n

Dogecoin Price On A Bearish Trend<\/h2>\n

The DOGE price<\/span><\/a> initially surged strongly in early November, with consistently higher highs and higher lows supported by both the 50-day and 200-day Simple Moving Averages (SMAs).<\/span><\/p>\n

Following the rally, the price of Dogecoin entered a prolonged consolidation phase, bounded between $0.39 and $0.45 (highlighted in the purple box), according to data from <\/span>GeckoTerminal<\/span><\/a>. This period suggested indecision among market participants as bullish momentum waned.<\/span><\/p>\n

However, a clear breakdown below the consolidation zone occurred recently, with the Dogecoin price falling to $0.3141. This drop marks a bearish reversal, with the price now trading below both the 50-day and 200-day SMA, signaling further weakness in the near term.<\/span><\/p>\n

The Relative Strength Index (RSI) currently sits at an extremely low value of 22.53, indicating oversold conditions. Such a low RSI level suggests that the selling pressure may be overextended, and a potential short-term rebound or consolidation could occur.<\/span><\/p>\n

The Dogecoin price is in a bearish trend after breaking down from its consolidation zone. The immediate support is near $0.30, a psychological level that could offer temporary relief. A breach of $0.30 could see DOGE price test lower levels around $0.25, corresponding to pre-rally price points.<\/span><\/p>\n

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

On the upside, $0.39 (50-day SMA) and $0.40 (200-day SMA) will act as critical resistance levels. Reclaiming these levels would indicate a potential recovery and neutralize the bearish bias.<\/span><\/p>\n

Meanwhile, both traders and degens are rushing to buy into the Crypto All-Stars ($STARS)<\/a> presale as it enters its final 6 hours before launch.<\/span><\/p>\n

Cryptonews, a popular crypto channel with over 14K subscribers, believes $STARS could be the next meme coin with 25X potential.<\/span><\/p>\n