Dogecoin Price Prediction: DOGE Plunges 7% As Experts Say Consider This Innovative Staking Meme Coin For 100X Gains

Dogecoin Price Drops Amid Election Hype

The Dogecoin price has plummeted 7% in the past 24 hours, trading at $0.1922 as of 2.20 a.m. EST on a trading volume that has decreased by 23% to $7.56 billion.

After a surge during the US election, Dogecoin reached a high of $0.21, but has since corrected below the resistance level of $0.20. This is only the third time the project has reached this level in the past year, with the previous instances occurring in March and April.

With the election over, the hype surrounding Dogecoin has subsided, and prices have accordingly corrected. However, Dogecoin may be an exception due to Trump's plans to create a new crypto-related department and appoint Elon Musk, a prominent DOGE supporter, to lead it.

Dogecoin Price Prediction

The recent price correction for Dogecoin has been relatively mild compared to other cryptocurrencies, but technical indicators suggest a bearish trend for even DOGE.

The Bollinger bands for Dogecoin show a sharp narrowing over the past 24 hours, with the price fluctuating primarily between the upper band and the middle point. The last six hours have seen a drop to the lower band, followed by mild fluctuations between that level and the middle point.

While the price has since returned to the middle of the bands, the narrowing of the bands is a bearish sign.

The project's Relative Strength Index (RSI) value has also declined to the lower part of the neutral zone, indicating a trend towards oversold territory. The RSI has since fluctuated around 50 and is currently at 45.80.

This is not an uncommon occurrence given the recent surge in the crypto market and the optimism following Trump's victory, which is viewed as positive for the digital currency industry.

Currently, the price is attempting to stabilize, supported by the positive outlook. While a small correction is underway, the overall market sentiment remains bullish.

Promising Alternative to Dogecoin

For investors holding DOGE and other major meme coins with a long-term holding strategy, Crypto All-Stars (STARS) offers a way to earn passive income.

STARS is a new meme coin project that has introduced a unique staking smart contract called MemeVault. MemeVault allows for the staking of multiple cryptos, including DOGE, SHIB, PEPE, and more.

With meme coins continuing to be a major trend, STARS has the potential for significant growth. Crypto YouTube channel 99Bitcoins, with over 706k subscribers, has predicted that STARS could potentially 100x after launch.

STARS tokens are currently available for purchase at $0.0015494. Investors can buy STARS using DOGE, ETH, USDT, BNB, SHIB, PEPE, FLOKI, or credit/debit cards.

To secure the best deal, it is recommended to purchase STARS before a planned price hike in less than 2 days.

Visit STARS here: