{"id":615851,"date":"2025-01-06T10:30:19","date_gmt":"2025-01-06T10:30:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=615851"},"modified":"2025-01-06T10:30:19","modified_gmt":"2025-01-06T10:30:19","slug":"dogecoin-price-prediction-doge-pumps-19-in-a-week-as-the-wall-street-pepe-presale-rockets-past-42m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-pumps-19-in-a-week-as-the-wall-street-pepe-presale-rockets-past-42m","title":{"rendered":"Dogecoin Price Prediction: DOGE Pumps 19% In A Week As The Wall Street Pepe Presale Rockets Past $42M"},"content":{"rendered":"

The Dogecoin price has pumped 19% in the past week and 0.5% in the last 24 hours to trade at $0.3818 as of 3:30 a.m. EST on a 16% plunge in trading volume to $3 billion.<\/p>\n

Dogecoin Price May Sustain Its Uptrend Despite A Short-Term Pull Back<\/h2>\n

The DOGE\/USDT trading pair on the 1-day timeframe shows an intriguing mix of patterns and indicators that highlight both the price history and future potential. From May to July 2024, the price was trapped within a bearish channel, which signaled a prolonged downtrend.<\/p>\n

However, a breakout in late July marked the beginning of a trend reversal. Following this, a bullish cup and handle pattern emerged between August and October. This pattern, characterized by a rounded bottom (the “cup”) and a slight retracement (the “handle”), culminated in a breakout in October, pushing prices upward.<\/p>\n

\"Dogecoin<\/p>\n

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

Currently, the price hovers near a critical support zone between $0.30 and $0.35. This zone has been tested multiple times since December 2024, solidifying it as a significant foundation for the next potential upward move. The 50-day moving average (MA50) aligns with the current price at $0.38137<\/a>, acting as immediate support, while the 200-day moving average (MA200) at $0.19447 lies far below, reflecting the broader bullish trend in the long term.<\/p>\n

The Relative Strength Index (RSI) is at 57.99, slightly above the neutral zone, indicating a slight bullish momentum. The RSI has rebounded from the midline (50), suggesting that buying pressure may be building.<\/p>\n

The current DOGE\/USDT structure suggests a potential bullish continuation. The support zone at $0.30–$0.35 is crucial for sustaining upward momentum, while a breakout above $0.40 could pave the way for a rise toward the $0.50–$0.55 resistance zone.<\/p>\n

However, failure to hold the support zone could lead to a retest of $0.28 or even the MA200 level at $0.19.<\/p>\n

Wall Street Pepe Presale Surges Toward $50 Million – Next Crypto To Explode?<\/h2>\n

As the Dogecoin price rebounds for another bullish rally, investors are also piling into a PEPE derivative meme coin called Wall Street Pepe ($WEPE)<\/a>, which has already raised over $42.2 million in its blockbuster presale, which is on track to be one of the biggest ever.<\/p>\n

Crypto analyst and YouTuber ClayBro, with over 133K subscribers, predicts that early $WEPE investors could become millionaires once the coin launches.<\/p>\n