{"id":626242,"date":"2025-02-13T03:28:48","date_gmt":"2025-02-13T03:28:48","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=626242"},"modified":"2025-02-13T03:28:48","modified_gmt":"2025-02-13T03:28:48","slug":"dogecoin-price-prediction-as-doge-jumps-4-this-innovative-meme-coin-index-presale-charges-towards-4-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-as-doge-jumps-4-this-innovative-meme-coin-index-presale-charges-towards-4-million","title":{"rendered":"Dogecoin Price Prediction: As DOGE Jumps 4%, This Innovative Meme Coin Index Presale Charges Towards $4 Million"},"content":{"rendered":"

The Dogecoin price jumped over 4% in the last 24 hours to trade at $0.2632 as of 9:57 p.m. EST as investors start to accumulate the largest meme coin by market cap.<\/span><\/p>\n

As a result of the 24-hour gain, the DOGE price has been able to push its weekly performance into the green to over 1%.<\/span><\/p>\n

Dogecoin Price Trying To Escape A Consolidation Channel<\/span><\/h2>\n

\"DOGE<\/p>\n

4-hour chart for DOGE\/USD (Source: GeckoTerminal)<\/span><\/p>\n

The <\/span>Dogecoin<\/span><\/a> price is trying to escape above a medium-term consolidation channel between $0.2428 and $0.2647, <\/span>GeckoTerminal data<\/span><\/a> shows. Should the meme coin close a 4-hour candle above the upper boundary of this sideways range within the next 8 hours, it could start to climb towards the next major resistance at $0.2832.<\/span><\/p>\n

On the other hand, failure to establish a position above $0.2647 might lead to the continued oscillation within the sideways channel. In this alternative scenario, the Dogecoin price could end up testing the $0.2428 support. DOGE might then either rebound slightly or drop below this level to the subsequent support at $0.2199.<\/span><\/p>\n

Technicals Suggest The Dogecoin Price Might Keep Climbing<\/span><\/h2>\n

From a technical perspective, indicators on the 4-hour chart suggest the Dogecoin price could keep climbing through the course of today. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing bullish signs.<\/span><\/p>\n

RSI readings have risen from the low 40s to the low 50s to suggest an increase in buyer strength over the last couple of hours. Recently, the RSI line has started to level off, which could indicate an upcoming bearish shift in power. However, the current reading above the neutral 50 mark indicates that buyers still have slightly more control of the <\/span>Dogecoin<\/span><\/a> price.<\/span><\/p>\n

Meanwhile, the MACD line has started breaking away above the MACD Signal line on the 4-hour chart. The current alignment of these two technical indicators might suggest that the Dogecoin price is in a bullish trend, while the growing gap between them could be seen as a sign of DOGE’s bullish momentum picking up steam.<\/span><\/p>\n

As the Dogecoin price tries to keep its bullish move going, the presale for innovative crypto index token <\/span>Meme Index (MEMEX)<\/span><\/a> is racing towards the $4 million milestone. According to popular YouTuber and crypto analyst Jacob Bury, who has over 54.9K subscribers, MEMEX has the potential to soar 10X after its launch.<\/span><\/p>\n