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The Dogecoin value surged 28% within the final 24 hours to trade at $0.2922 as of 11:43 p.m. EST on buying and selling quantity that skyrocketed 197% to $17.54 billion.
This rally helped Dogecoin surpass each XRP and USDC by market capitalization to change into the Sixth-biggest crypto with a market cap of $41 billion.
The meme coin sector additionally noticed a 17% surge, pushing its complete market capitalization to $93 billion, with Dogecoin standing out as one of many prime performers. Can the DOGE value rise to $1?
Dogecoin Value On A Sustained Bullish Rally
The latest Dogecoin value motion exhibits a robust uptrend. That is evident from the parabolic rise in value over the past a number of days, with DOGE transferring from under $0.15 to round $0.29, in keeping with knowledge from GeckoTerminal.
The present surge has been pushed by the Dogecoin value, which types a cup and deal with sample, an element that might nonetheless push the value even additional.
DOGE value now trades above each the 50-day and 200-day Easy Transferring Averages (SMAs, with a golden cross fashioned throughout the $0.13 stage, a sign of the sustained bullish rally.
Furthermore, the Relative Energy Index (RSI) is at 87, which signifies extraordinarily excessive shopping for momentum, suggesting that the asset could also be overbought within the quick time period. Overbought circumstances can result in potential corrections or consolidations as consumers could start to take earnings.
Nonetheless, in robust upward traits, RSI can stay overbought for prolonged durations. This means that whereas a pullback is feasible, the momentum stays strongly bullish.
The Transferring Common Convergence Divergence (MACD) blue line is above the orange sign line and transferring additional upward, signaling robust bullish momentum.
DOGE Value Prediction
In accordance with DOGE/USD chart evaluation, each the RSI and the MACD counsel that bulls are in management, although a possible cooling off may happen if the histogram begins to shrink. If the bullish pattern continues, the Dogecoin value may nonetheless soar to the $0.35 resistance and finally to $1.
If a pullback happens, potential assist ranges to look at could be close to the 50-day MA round $0.1416.
In the meantime, traders in search of different meme cash with robust upside potential may flip to Crypto All-Stars (STARS), an progressive new ICO that has raised over $3.3 million.
In accordance with ClayBro, a outstanding crypto analyst on YouTube with over 130K subscribers, $STARS has the potential to soar 10X after its launch.
Crypto All-Stars Presale Secures Over $3.2 Million – Greatest Meme Coin to Purchase Now?
Crypto All-Stars has created the breakthrough MemeVault sensible contract to allow traders to stake common meme cash on one platform for the primary time, incomes rewards in STARS tokens.
Why Is Everybody Excited?
In its preliminary presale part, Crypto All-Stars raised over $350k! 💰
This early success exhibits that traders see BIG potential right here. 🚀
May this be the subsequent $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
The meme cash that may be staked on Crypto All-Stars initially are Pepe Coin, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. Extra will likely be added within the coming months.
It’s also possible to earn passively via the challenge’s native staking mechanism, which gives a shocking 482% annual proportion yield (APY).
You should buy the token now for $0.0015556. The value will improve in about someday, so act quick to lock in the most effective deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
Associated Information
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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