Dogecoin Price Prediction: DOGE Surges 10% As This PEPE Derivative ICO Heads For $30M – Next Crypto To Explode?

Dogecoin Price Climbs on Bullish Momentum

The Dogecoin (DOGE) price has experienced a significant rise, surging over 10% within the past 24 hours. As of 11:16 p.m. EST, DOGE trades at $0.1465, with trading volume increasing by 20% to $2.24 billion.

Bullish Indicators Support Continued Rally

Technical indicators suggest that the bullish rally for DOGE remains strong. Since October 8, the price has steadily climbed, breaking above the $0.099 support level. The parabolic surge has formed a rounding bottom pattern, indicating potential for further price gains.

Currently, DOGE trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the upward trend. Additionally, the Relative Strength Index (RSI) stands at 79.76, indicating overbought territory. While this suggests a potential short-term pullback, in strong bull markets, RSI can remain overbought for extended periods.

The Moving Average Convergence Divergence (MACD) line is situated above the signal line, indicating a bullish signal. The histogram is positive, reflecting an increasing upward momentum. The MACD line is also above the zero line, further supporting the bullish outlook.

Dogecoin Price Prediction

Based on the technical analysis, the current trend for DOGE is bullish. The price has broken through key resistance levels, and momentum indicators confirm the upward trajectory.

A sustained bullish momentum could drive the price towards the next resistance at $0.164. However, the overbought RSI indicates the possibility of a temporary pullback or consolidation before the uptrend resumes. The next support level lies around $0.11, coinciding with the 200-day SMA.

Alternative Investment Opportunity

As the Dogecoin price rises, investors are also exploring alternative options. Pepe Unchained (PEPU), a new PEPE-themed cryptocurrency, has gained attention. Crypto YouTuber ClayBro, with over 130k subscribers, predicts a potential 20x return on launch.

Pepe Unchained Presale

Pepe Unchained aims to improve upon the limitations of traditional meme coins built on Layer-1 blockchains. By leveraging Layer 2 technology, it seeks to address scalability, speed, and efficiency concerns.

The Pepe Unchained presale has attracted significant interest, amassing over $20.7 million and staking over 1.4 billion tokens. Investors can purchase $PEPU tokens at $0.0109 each, with a price increase anticipated soon. The official website provides the option to buy PEPU using ETH, USDT, or bank cards.