Dogecoin Price Prediction: DOGE Pumps 6% As New Viral Cat Coin Catslap Skyrockets 120%

Dogecoin Price Poised for Further Gains

The Dogecoin price has surged 6% in the past 24 hours, currently trading at $0.4402 as of 7:53 p.m. EST. Trading volume has spiked by 54% to $24.9 billion, according to CoinGecko.

Dogecoin Price Technical Analysis

The Dogecoin price chart exhibits a bullish trend, with the price trading well above the 50-day and 200-day moving averages. The price has formed a rising channel pattern, characterized by higher highs and higher lows. This pattern suggests a continuation of the bullish sentiment, albeit within a more controlled phase.

The Relative Strength Index (RSI) is at 60.94, slightly below overbought territory. This indicates a healthy uptrend, but the price may encounter resistance if it approaches overbought levels.

The Moving Average Divergence (MACD) has crossed above the signal line, indicating positive momentum for Dogecoin.

Should the price maintain its upward momentum within the rising channel, DOGE could target a higher resistance level of $0.550. Conversely, a breach of the lower boundary of the channel could lead to a drop to the support zone at the 50-day SMA ($0.39).

Catslap (SLAP): The New Meme Coin Sensation

Investors have been flocking to purchase the recently launched meme coin, Catslap (SLAP), which has soared after its listing three days ago. SLAP has surged over 120% in the past 24 hours, reaching a price of $0.005127.

SLAP is gaining traction among influencers and investors, aiming for centralized exchange listings. The project has partnered with Best Wallet, connecting SLAP to over 60,000 users, boosting its visibility and momentum.

SLAP offers a staking feature with a 40% return, adding to its appeal. The project has also locked liquidity for 60 days, ensuring against rug pulls. With a high reliability score of 99/99 on DexTools, SLAP is poised for further growth.

The SLAP team is reportedly preparing a major announcement in 11 days, which could be a listing on Coinbase or Binance.