The Dogcoin price skyrocketed 101% in the last 24 hours to trade at $0.005189 as of 02:16 a.m. EST on a trading volume that rose 20% to $781K.
Dogcoin Price Aims For A Continued Surge
The DCOIN price shows a steady uptrend, with price action respecting the 50-period Simple Moving Average (SMA) on the 1-hour chart and moving away from the 200-period SMA. This suggests growing bullish momentum.
The price of Dogcoin has recently broken above the 0.786 Fibonacci level ($0.004221) and is now targeting higher levels. The next key resistance lies at $0.007587 (0.618 Fib level), followed by $0.009951 (0.5 Fib level), according to data from GeckoTerminal .
If bullish momentum continues, $0.012315 (0.382 Fib level) could be the next target.
Overall, the Dogcoin price structure suggests that a breakout may be forming, with the potential for further upside if key resistance levels are breached.
The Relative Strength index (RSI) is at 65.02, approaching the overbought zone (70).
Meanwhile, the Moving Average Convergence Divergence (MACD) also shows a bullish outlook, with the blue MACD line crossing above the orange signal line, forming a bullish crossover.
DCOIN/USDT Chart Analysis Source: GeckoTerminal
DCOIN Price Prediction
Given the current price trends and indicator analysis, DCOIN is likely to test the $0.0075 – $0.0099 range in the short term, assuming momentum continues.
However, if the Dogcoin price faces rejection, it could retest the $0.0042 level (0.786 Fib support) before making another upward attempt.
As the price of DCOIN skyrockets, investors are also buying a new meme coin called Meme Index (MEMEX) . According to crypto analyst and YouTuber Jacob Bury, who has over 55k subscribers, MEMEX has the potential to be the next 10x crypto.
Meme Index Presale Garners Over $3.3 Million – Next Crypto To Explode?
Meme Index continues to draw the interest of crypto investors, as it closes on the $3.5 million milestone in its ongoing presale.
The project intends to create the world’s first decentralized meme coin index platform, offering a unique way for investors to buy multiple meme coins simultaneously. This is achieved through the 4 investment baskets Meme Index offers, which each focus on different tokens and come with varying degrees of risk.
These baskets are: Titan, Moonshot, MidCap, and Frenzy, and range from including established tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) to featuring smaller emerging, high-potential and high-risk meme coins.
By holding MEMEX tokens, investors gain access to these curated portfolios, simplifying the process of investing in the meme coin sector.
A standout feature of Meme Index is its staking program, which is currently offering an annual percentage yield of 682%.
You can purchase MEMEX tokens on the official website for just $0.0158443 to participate in the presale.
Buy MEMEX here to lock in the best deal before its price increases in 18 hours.
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