$DOGE Price Prediction : $DOGE Surges 22% In A Week As This Innovative Staking Meme Coin Storms Toward $3 Million
The Dogecoin price has surged 22% in the past week even after it fell 2% in the last 24 hours to trade at $0.170 as of 00:35 a.m. EST on trading volume that plunged 37% to $2.06 billion.
Dogecoin Price Prediction: DOGE Aiming For A Bullish Rally
The Dogecoin price has been in an uptrend in October, as the bulls used the $0.11 support zone to push the price through a markup phase, according to data from GeckoTerminal. DOGE then went through a consolidation phase from mid-October within the $0.1460 range.
The Dogecoin price bulls then used the lower boundary of the sideways pattern at $0.13 as the support to push DOGE through a parabolic curve, which indicates strong momentum.
DOGE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the price’s general bullish outlook.
The RSI is in bullish territory but not yet overbought, currently at 65, meaning there’s still potential for further gains before any risk of a reversal. If the RSI does reach overbought levels, we could see some consolidation or a pullback.
The RSI seems to be rebounding towards the 70-overbought region, indicating that the asset may be gaining momentum. If this momentum continues, the price of Dogecoin may rise, as the bulls target $0.20 .
Conversely, if the bears pick up momentum at this level, the DOGE price could plunge back to the 50-day SMA at $0.1478.
As the Dogecoin price aims for a bullish rally, the new meme coin project Crypto All-Stars is racing towards $3 million in funds raised in its ICO.
