{"id":619578,"date":"2025-01-20T12:39:14","date_gmt":"2025-01-20T12:39:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=619578"},"modified":"2025-01-20T12:40:00","modified_gmt":"2025-01-20T12:40:00","slug":"dogecoin-price-prediction-doge-falls-9-as-investors-fomo-buy-this-vote-to-earn-meme-coin-rival-with-time-running-out","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-falls-9-as-investors-fomo-buy-this-vote-to-earn-meme-coin-rival-with-time-running-out","title":{"rendered":"Dogecoin Price Prediction: DOGE Falls 9% As Investors FOMO Buy This Vote-To-Earn Meme Coin Rival With Time Running Out"},"content":{"rendered":"

The Dogecoin price fell 9% in the last 24 hours to trade at $0.3605 as of 11:28 p.m. EST on trading volume that surged 75% to $9.6 billion.<\/span><\/p>\n

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

The <\/span>DOGE price<\/span> on the 4-hour chart exhibits<\/a> a rounded bottom pattern, which is typically a bullish reversal signal. The Dogecoin price rallied significantly after completing this pattern, reaching highs near $0.40. <\/span><\/p>\n

However, a retracement has followed, with the current price consolidating around $0.36, according to <\/span>GeckoTerminal<\/span><\/a>. <\/span><\/p>\n

The price of Dogecoin has dropped below the 50-period Simple Moving Average (SMA) at $0.3685, suggesting short-term bearish momentum. However, the 200-period SMA at $0.3455 has acted as a strong support level. <\/span><\/p>\n

This suggests that the longer-term trend remains intact and leans bullish, as the price of Dogecoin is still trading above this key level.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 42.21, slightly below the neutral 50 level. This reading shows a loss of bullish momentum and indicates that the asset is approaching the oversold zone.  <\/span>However, it also suggests that DOGE might be near a potential bounce point if buyers step in.<\/span><\/p>\n

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

Can DOGE Reclaim $0.45?<\/h2>\n

The Dogecoin price is currently in a consolidation phase after a strong bullish breakout and rally. If the price of DOGE can hold above the 200-period SMA and reclaim the 50-period SMA at $0.3685 as support, it could trigger another upward move.<\/span><\/p>\n

In this case, DOGE may aim for a retest of $0.40. A breakout above this level could then open the door for a continuation to $0.42-$0.45.<\/span><\/p>\n

Conversely, if the price of Dogecoin breaks below the 200-period SMA at $0.3455, the bullish trend could weaken significantly. In this scenario, the next support lies near $0.34, with further downside possible toward $0.32.<\/span><\/p>\n

As the Dogecoin price plunges, investors are buying the new presale meme coin <\/span>Flockerz (FLOCK)<\/span><\/a>. According to 99Bitcoins, a popular YouTube crypto channel with over 721K subscribers, the coin has the potential to soar 100X after its launch.<\/span><\/p>\n