Will DOGE Coin Rise in Price? Dethroned Cardano! New Meme Coin is the New Favorite of Investors!
Doge investors are excited! While the cryptocurrency market has generally been on the rise in the last 24 hours, the DOGE price has experienced a slight decline. But could this be giving important signals that Dogecoin is preparing for a rise?
What's Happening with Dogecoin Price?
* DOGE price decreased by 0.85% in the last 24 hours. This decline is consistent with losses in leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
* Although DOGE lost 25.32% in value in the last month, its annual return rate is still at 67.01%.
* Investor interest in Dogecoin appears to be waning. Trading volume in the last 24 hours decreased by 4.36% to $822.06 million.
However, Dogecoin Surpassed Cardano!
* Interestingly, Dogecoin surpassed Cardano ($ADA ) in terms of transaction volume. This may indicate that investor interest in DOGE still remains.
What Will Be the Future of Dogecoin Price?
* Dogecoin price climbed above the $0.10844 level, which acted as resistance over the last 8 hours. This indicates that we may see an upward movement soon.
* The relative strength index (RSI) dropped from 80 to 60. This marks a move from the oversold zone to a more neutral level, indicating bullish potential.
But Be Careful in the Long Term!
* Although the 30-day moving average (DMA) is trending upwards, the 200-day DMA is still trending downwards. This suggests that while we may see an upward movement in the short term, there may be downward pressure in the long term.
The New Favorite of Dogecoin Investors: PlayDoge! ($PLAY)
* Dogecoin investors appear to be turning to a new meme coin called PlayDoge.
* PlayDoge has a gaming-focused utility, unlike other Shiba Inu-themed meme coins.
* Appealing to '90s nostalgia, it transforms the famous Doge meme into a Tamagotchi-style virtual pet.
