Dogecoin Price Prediction: DOGE Surges 10% As This PEPE Derivative ICO Heads For $30M – Next Crypto To Explode?
The Dogecoin price surged more 10% in the last 24 hours to trade at $0.1465 as of 11:16 p.m. EST on trading volume that jumped 20% to $2.24 billion. Dogecoin Price Indicators Show A Continued Bullish Rally The Dogecoin price has been in a sustained bullish rally since October 8, as the bulls took control of the price at the $0.099 support level, as shown on the DOGE/USDT chart Analysis on the 12-hour timeframe. The parabolic surge after a slight downtrend formed a rounding bottom pattern, which the bulls are now capitalizing on to continue pushing the price even higher. DOGE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained surge to the upside. Furthermore, the Relative Strength Index (RSI) is at 79.76, which is overbought territory. An overbought reading signals that the price has risen rapidly and may experience a short-term pullback or consolidation before continuing its upward momentum. However, in strong bullish tren