The Dogecoin price soared 171% in the last month and 2% in the last 24 hours to trade at $0.4389 as of 11:40 p.m. EST on trading volume that climbed 40% to $11.3 billion.
Dogecoin Price Gearing Up For A Bullish Rally Continuation
After a parabolic surge in the Dogecoin price in November, DOGE has now consolidated within the $0.44 range, according to data from GeckoTerminal . The range has allowed the price of Dogecoin to form a double bottom pattern, which could still push DOGE further above.
To add to the general bullish outlook, the Dogecoin price still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as the immediate support levels.
Meanwhile, the Relative Strength Index (RSI) is at 62 and climbing, which suggests there is still room for upward price action without the asset being considered overbought.
The Moving Average Convergence Divergence (MACD) is also suggesting a continued upward trajectory, as the blue MACD line crosses above the orange signal line.
A continuation of the upward trajectory could suggest a bullish continuation pattern from the second rounded bottom pattern. In such a scenario that the bulls keep pushing the price up, the Dogecoin price could keep surging, as they target $0.60.
DOGEUSD Chart Analysis Source: GeckoTerminal
Conversely, if the bears exert pressure at this point, DOGE could plunge back to the next possible support around 200-day SMA at $0.3168.
As the Dogecoin price soars, some investors are turning to presales like the newly launched Flockerz (FLOCK) to capture the more explosive upside potential that’s frequently found in meme coins.
According to 99Bitcoins, a popular crypto channel on YouTube with over 710K subscribers, $FLOCK has the potential to soar 100X after its launch.
Flockerz Raises Over $4.1 Million In Explosive Presale
Flockerz is building a vote-to-earn (V2) model where the community is at the heart of decision-making and investors are backing it to the tune of $4.1 million so far.
The project aims to redefine decentralization through its community-driven governance system, Flocktopia. Unlike other projects, where a select few make decisions, FLOCKERZ opens its governance to all token holders and actually pays them for every vote they make with FLOCK tokens.
In Flocktopia, decisions about the project’s future are made collectively by “The Flock,” the community of $FLOCK holders. Every member has a say, making the platform a truly decentralized and inclusive environment.
Apart from V2E rewards, users can also earn passively through the platform’s staking mechanism, with a sky-high annual yield of 583%.
To join the presale, you can buy $FLOCK on the official website for $0.0061997 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.
Buy before a price hike in about 1 day to secure the best deal.
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