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The Dogecoin value surged extra 10% within the final 24 hours to trade at $0.1465 as of 11:16 p.m. EST on buying and selling quantity that jumped 20% to $2.24 billion.
Dogecoin Price Indicators Present A Continued Bullish Rally
The Dogecoin value has been in a sustained bullish rally since October 8, because the bulls took management of the worth on the $0.099 assist degree, as proven on the DOGE/USDT chart evaluation on the 12-hour timeframe.
The parabolic surge after a slight downtrend shaped a rounding backside sample, which the bulls at the moment are capitalizing on to proceed pushing the worth even larger.
DOGE now trades above each the 50-day and 200-day Easy Shifting Averages (SMAs), a affirmation of the sustained surge to the upside.
Moreover, the Relative Power Index (RSI) is at 79.76, which is overbought territory. An overbought studying alerts that the worth has risen quickly and will expertise a short-term pullback or consolidation earlier than persevering with its upward momentum. Nonetheless, in robust bullish tendencies, RSI can stay overbought for prolonged intervals.
The Shifting Common Convergence Divergence (MACD) line (blue) is above the sign line (orange), which is a bullish sign. The histogram is constructive, indicating rising momentum to the upside. Furthermore, the MACD line can also be above the zero line, additional confirming bullish momentum. This means that the worth might proceed its upward trajectory.
DOGEUSDT Chart Evaluation (Supply: Tradingview)
Dogecoin Price Prediction
In response to the Dogecoin value evaluation, the present outlook is bullish, with value motion breaking above key resistance ranges (50-day SMA) and technical indicators confirming upward momentum.
A sustained bullish momentum might push the worth even additional, because the bulls goal the following resistance degree at $0.164.
Nonetheless, the overbought RSI suggests the potential for a short-term pullback or consolidation earlier than a continued upward transfer. On this situation, the following attainable assist degree might be throughout the 200-day SMA round $0.11.
In the meantime, because the Dogecoin value soars, buyers are additionally dashing to purchase a brand new PEPE different referred to as Pepe Unchained (PEPU), which influential crypto YouTuber ClayBro, with over 130k subscribers, says might soar 20x on launch.
Pepe Unchained Presale Heads For $30 Million
Pepe was initially constructed on the Ethereum blockchain and has lengthy been confined by its Layer-1 expertise, which is characterised by community delays and rising gasoline charges.
Pepe Unchained — Groundbreaking Layer 2 Blockchain expertise.
Welcome to the way forward for meme cash. 🐸 pic.twitter.com/iC9b6YSynT
— Pepe Unchained (@pepe_unchained) September 6, 2024
Enter Pepe Unchained, which is designed to unchain PEPE from its clunky blockchain and assist it embrace the long run. The undertaking is ready to sort out the scalability, pace, and effectivity points that usually plague meme cash constructed on Layer-1 blockchains like Ethereum.
The undertaking is actively enhancing its visibility and performance by introducing numerous options throughout the Pepe Unchained ecosystem, together with a decentralized change, bridging capabilities, and staking rewards.
Pepe Unchained L2 Sneak Peek!
What we’re constructing is not only a brand new chain, however a complete ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Superior Analytics
🐸Builder GrantsPepe Unchained is coming. And it will shake up the crypto house. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
Buyers proceed to pile into the undertaking, with its presale now amassing greater than $20.7 million. Greater than 1.4 billion tokens have been staked for an annual return that stands at 108% proper now.
You should purchase $PEPU tokens now for $0.0109 every. With a value hike coming in about 1 day, purchase quickly to lock in the very best deal.
To be a part of the presale, buy $PEPU from the official website here utilizing ETH, USDT, or a financial institution card.
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Most Searched Crypto Launch – Pepe Unchained
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- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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