The Dogecoin price rose 3% in the last 24 hours to trade at $0.106 as of 03:34 a.m. on trading volume that soared 28% to $817 million.
This comes after Trump’s interview with Elon Musk, where bettors at one point gave an over 60% chance of Trump mentioning digital assets during an interview, but he did not.
The interview mostly covered a variety of topics, including illegal immigration, the economy, AI, and global warming.
Dogecoin Price Aims For A Continued Rally
The Dogecoin price has been in a sustained rally since August 5, rising through the rising channel pattern from $0.0878, according to data from GeckoTerminal .
The bulls now aim to push the price of Dogecoin above the channel, as it now trades above the 50-day Simple Moving Average (SMA). If the momentum continues, DOGE could eventually surpass the 200-day SMA at $0.1169.
Moreover, the Relative Strength Index (RSI) trades within the 50-midline level, an indication that the price of Dogecoin is currently trading in equilibrium, aiming for a bullish rally above.
The Moving Average Convergence Divergence (MACD) is also bullish as it climbs above the zero line. The blue MACD line also crosses above the orange signal line, representing a bullish crossover.
A bullish crossover encourages optimistic investors to buy more, which could push the price of Dogecoin above the rising channel pattern. If the bullish momentum continues, the bulls could push Dogecoin further above, currently targeting $0.138.
Dogecoin Price Chart Analysis Source: GeckoTerminal.com
However, if the bears take charge of the price at this stage, DOGE could plunge back to the $0.095 support level.
As the Dogecoin price soars, investors are also buying the new Dogecoin alternative, PlayDoge (PLAY) , as analysts say it could soar after its launch.
According to 99Bitcoins, a prominent YouTube channel with over 706K subscribers, PLAY can potentially surge 10X after its launch.
PlayDoge ICO Zooms Past $6 Million – Best Alternative To Buy Now?
PlayDoge, a play-to-earn (P2E) meme coin, is off to a rocking start, bursting past the $6 million milestone in its presale.
The project stands out as it combines two popular themes: meme coins and gaming, particularly 90s gaming.
PlayDoge combines the iconic Doge meme with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players play to earn the game’s native token, $PLAY.
With the P2E mechanics employed by the project, players will be able to earn rewards by caring for their pets and taking on adventurous journeys.
Apart from the P2E rewards, token holders can also earn passively by staking $PLAY for 77% annual rewards.
You can buy $PLAY tokens for $0.00528 each. With a price hike coming in about 3 hours, don’t wait around too long if you want to lock in the best deal.
To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card.
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