Dogecoin Price Prediction: DOGE Pumps 5% As Analysts Say This Dogecoin Upgrade Might Be The Best Crypto To Buy Right Now

The Dogecoin price has jumped by 5% in the last 24 hours to trade at $0.2073 as of 6.55 a.m. EST on trading volume that surged 15% to $2.7 billion..

Dogecoin Price Finds An Anchor On Upper Trendline Of Bullish Pennant

DOGEUSDT Analysis By Tradingview

The price of Dogecoin is showing a surge above the bullish pennant pattern. This pattern usually occurs during a robust uptrend and indicates occasional pullbacks where buyers can regroup and regain momentum.

Dogecoin seems ready to reach a new peak this month, thanks to the strong performance of the bulls above the upper trendline of the pennant pattern. Additionally, the price has surged above both the 50-day and 200-day Simple Moving Averages (SMAs), which are now acting as support around $0.07042.

Moreover, the Relative Strength Index (RSI) shows promising signs, bouncing back from the midline level of 50 to around 60. It’s edging closer to the overbought territory at 70, indicating significant buying pressure for Dogecoin.

Dogecoin Price Buyers Target $0.2636 High Above The Pennant

The Dogecoin bulls are pushing for a higher price, with support from the SMAs and the RSI. With momentum building, there’s potential for the price to break above the pennant, aiming for a new high of around $0.2636 in the coming weeks.

However, if the upper trendline of the pennant holds strong, bears might trigger a price correction. This could push the price back towards the $0.1265 support zone, which aligns with the pennant’s lower boundary.

Dogecoin20 Presale Surpasses $10 Million: Launch Set for April 20

As Dogecoin gears up for another round of bullish activity, investors are increasingly intrigued by Dogecoin20 (DOGE20).

The Doge20 presale has amassed over $10 million in funding, prompting the developer to extend the ICO to Apr. 20, which is International Doge Day.

Dogecoin20 is one of the most talked-about and searched meme coins in the market. Positioned as an upgraded version of Dogecoin, it aims to offer improved Features and functionalities.

The project, which also embodies the ethos of “Do Only Good Every Day,” aims to be a greener, more versatile alternative to the biggest meme coin by market capitalization.

Buy DOGE20 Now, Enjoy 52% APY

With the upcoming launch around the corner, the team is set to capitalize on the buoyant sentiment around DOGE at the time of DOGE Day.

The token adds utility for holders via its staking mechanism, which offers an annual percentage yield (APY) of 52%.

🚀 #DOGE20 isn't just another Shiba Inu-inspired derivative.

Upholding Dogecoin’s ethos to Do Only Good Everyday, it offers passive rewards through on-chain staking. 🌱🌟

Embracing a greener, more sustainable future with the most widely loved #Memecoin in the world! 🐶 pic.twitter.com/zqlONodRPB

— Dogecoin20 (@DOGE_COIN20) March 14, 2024

Crypto YouTuber Jacob Bury ranks Dogecoin20 among the top 5 meme coins to buy now.

You can buy DOGE20 tokens for $0.00022 each. If you are interested, act fast because the presale’s extension could end at any time.

Visit the official website to buy DOGE20 using USDT, ETH crypto, or a bank card.

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Source: https://thebittimes.com/dogecoin-price-prediction-doge-pumps-5-as-analysts-say-this-dogecoin-upgrade-might-be-the-best-crypto-to-buy-right-now-tbt84835.html