Dogecoin Price Prediction: As DOGE Plummets 14%, A FOMO Frenzy Erupts Around This $25M Presale With Just Hours Left

Dogecoin Price Dips 14%

Dogecoin (DOGE) has experienced a 14% decline in the past 24 hours, currently trading at $0.3141 as of 1:55 AM EST. Trading volume has surged by 50% to $10 billion.

Bearish Trend for Dogecoin

After a strong surge in early November, DOGE entered a consolidation phase between $0.39 and $0.45. However, a recent breakdown below this zone has initiated a bearish reversal.

The price is now trading below both the 50-day and 200-day Simple Moving Averages (SMAs), indicating further weakness. The Relative Strength Index (RSI) is at 22.53, suggesting oversold conditions.

Immediate Support and Resistance

Immediate support is around $0.30, while resistance lies at $0.39 (50-day SMA) and $0.40 (200-day SMA). Reclaiming these levels could signal a potential recovery.

Meme Coin Enthusiasm

Despite the bearish trend in DOGE, traders and investors are showing interest in the Crypto All-Stars ($STARS) presale, which has entered its final six hours.

Cryptonews believes $STARS could be the next meme coin with significant potential. The presale has already raised $25 million in under six hours.

Crypto All-Stars Presale Details

The Crypto All-Stars ($STARS) presale offers a unique MemeVault, allowing holders to stake popular meme coins like Dogecoin ($DOGE), Shiba Inu ($SHIB), and Floki Inu ($FLOKI) in one place to earn passive income.

Traders can stake $STARS tokens and earn an APY of 156%. Investors are advised to secure their stake before the presale ends, as STARS is expected to list on tier-1 exchanges early next week.