Dogecoin Price Prediction: DOGE Drops 4% As Pepe Unchained Offers Last Chance To Buy Before Major Exchange Listings

Dogecoin Price Analysis

Over the last 24 hours, Dogecoin's price has seen a 4% decline, reaching $0.4235 as of 11:29 p.m. EST. Trading volume has also experienced a significant drop of 36%, registering at $12.5 billion.

Price Action Outlook for Dogecoin

The DOGE/USD price chart suggests a recent bullish trend for Dogecoin. From late September through November, the price has enjoyed a steady rise, with significant upward momentum observed in mid-November.

However, recent market movements indicate a period of consolidation following a notable rally. According to GeckoTerminal data, Dogecoin's price has been supported by the $0.36 level and has formed a rounding bottom pattern.

The price action is currently above both the 50-day and 200-day Simple Moving Averages (SMAs), which reinforces the ongoing uptrend.

The Relative Strength Index (RSI) is currently at 53, indicating neutral conditions. This suggests that the recent consolidation has alleviated overbought conditions from November's rally. The absence of extreme overbought or oversold conditions implies that the market may have further room for upward movement with a resurgence of bullish momentum.

On a 4-hour timeframe, Dogecoin's price analysis reveals a bullish bias. Should the bulls maintain their dominance, Dogecoin's price could experience a surge, targeting a potential resistance level of $0.60 in the long term.

On the other hand, if bearish sentiment prevails, Dogecoin's price may decline towards the 200-day SMA at $0.26, which is currently acting as a buffer against downward pressure.

Conclusion

While Dogecoin's bulls aim for sustained appreciation, investors are expressing interest in the new meme coin ICO, Pepe Unchained (PEPU). According to 99Bitcoins, a respected crypto channel on YouTube, PEPU holds the potential for a 100X surge upon its launch in just 18 days.