Dogecoin Price Prediction: As DOGE Jumps 4%, This Innovative Meme Coin Index Presale Charges Towards $4 Million

Dogecoin Surges 4% as Investors Accumulate

The Dogecoin price has jumped over 4% in the last 24 hours, reaching $0.2632 at 9:57 p.m. EST. This surge has driven its weekly performance into the green by over 1%.

Dogecoin Attempts to Escape Consolidation Channel

The Dogecoin price is currently attempting to break out above a consolidation channel between $0.2428 and $0.2647. If the meme coin successfully closes above the channel's upper boundary within the next 8 hours, it could potentially climb towards $0.2832.

Failure to establish a position above $0.2647 may result in continued oscillation within the channel. In this scenario, Dogecoin could test the $0.2428 support level and either rebound or drop below it to the next support at $0.2199.

Technical Analysis Suggests Bullish Potential

Technical indicators on the 4-hour chart support the possibility of Dogecoin's continued ascent. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are showing bullish signs.

The RSI has risen from the low 40s to the low 50s, indicating increased buyer strength. Although the RSI line has leveled off, its current position above the neutral 50 mark suggests that buyers maintain a slight edge.

The MACD line has begun to separate from the MACD Signal line, which may indicate a bullish trend. The growing gap between these indicators suggests that Dogecoin's bullish momentum is gaining strength.

Meme Index Token Gains Traction

As Dogecoin's bullish momentum continues, the presale for the crypto index token Meme Index (MEMEX) approaches the $4 million milestone. YouTuber and crypto analyst Jacob Bury believes that MEMEX has the potential to surge 10X after its launch.

Diversified Meme Coin Exposure through Meme Index

Meme Index is the first crypto index focused exclusively on meme coins. Investors can gain diversified exposure to meme coins by purchasing MEMEX, which provides access to four investment baskets: Meme Titan, Moonshot, Midcap, and Meme Frenzy.

The Meme Titan basket focuses on large-cap meme coins, offering a safer option. In contrast, the Meme Frenzy basket features emerging and highly volatile meme coins for higher-risk investors.

Presale for MEMEX Tokens Ongoing

Meme Index's ongoing presale has attracted significant interest, raising over $3.6 million so far. Investors can participate in the presale by purchasing MEMEX tokens through the widget on the project's website. MEMEX can be bought with ETH, USDT, BNB, or bank card.

Holders of MEMEX tokens can stake them to earn high passive crypto rewards. Investors who buy and stake MEMEX during the presale stage will unlock access to a 634% APY.