Dogecoin Price Prediction: DOGE Drops 3% As Roaring Kitty Rally Fades And This Red Hot Meme Coin Offers Last Chance To Buy

The Dogecoin value dropped over 3% within the final 24 hours to commerce at $0.1455 as of 12:30 a.m. EST as traders dump a few of their holdings within the meme coin.

The DOGE value drop comes after a meme coin market surge ignited by the reappearance of Roaring Kitty, a persona on the middle of the meme inventory craze and GameStop brief squeeze again in 2021.

pic.twitter.com/YgjVqtgcNS

— Roaring Kitty (@TheRoaringKitty) May 13, 2024

After an virtually 3-year hiatus, he reappeared on-line and posted a cryptic tweet yesterday. Many imagine the submit signaled the analyst’s return and led to hypothesis of a doable GameStop 2.0.

The Dogecoin Worth Loses Key Assist

4-hour chart for DOGE/USD (Supply: GeckoTerminal)

The Dogecoin value misplaced the important thing help at $0.1470 over the previous 24 hours. As such, bulls are attempting their greatest to push the meme coin’s value again above this key level.

Ought to DOGE shut a 4-hour candle above $0.1470 throughout the subsequent 8 hours, merchants would possibly enter into an extended place for the crypto. The crypto may subsequently climb to the most important $0.1575 resistance stage.

Merchants and traders will need to regulate how the Dogecoin value behaves ought to it attain the $0.1575 barrier. Within the final couple of days, the meme coin has been rejected by this technical impediment twice already, and historical past may repeat itself.

Nonetheless, a break above $0.1575 may result in DOGE climbing  within the brief time period, with bulls probably trying to capitalize on the break above this threshold.

Then again, the Dogecoin value failing to shut a 4-hour candle above $0.1470 throughout the subsequent 8 hours would possibly invalidate the bullish thesis. On this various situation, the altcoin may  check the fast $0.1344 help. It’d even drop under this technical crutch to $0.1224 if the promote strain persists.

Technicals Level To A Continued Drop For The Dogecoin Worth

Technical indicators on DOGE’s 4-hour chart warn that the Dogecoin value would possibly enter a damaging cycle within the subsequent 24 hours. There may be additionally a serious bearish technical flag that’s on the verge of being triggered by the Shifting Common Convergence Divergence (MACD) indicator.

With the MACD line collapsing in direction of the MACD Sign line, it appears DOGE’s optimistic momentum throughout the previous 24 hours has hit a peak. Ought to the MACD cross under the Sign line, it should most definitely point out that the meme coin’s bullish part has ended and DOGE has began a brand new bearish cycle.

Along with this, the Relative Power Index (RSI) indicator reveals that bulls’ power in opposition to sellers has dropped considerably. Within the final 24 hours, the RSI line has fallen from 59 to only above 50. Though this indicators that DOGE can nonetheless go both manner, this coupled with the MACD suggests the Dogecoin value would possibly drop within the subsequent 24 hours.

As DOGE’s momentum appears to be tapering off, traders are shifting focus to Dogeverse, the most effective performing ICOs this yr that’s already raised greater than $15 million. Now it’s giving traders one final probability to purchase earlier than launch.

Modernizing The Meme Coin Sector

There’s a large push within the blockchain house to discover a solution to make networks seamlessly talk with one another and share data with different blockchains no matter their differing protocols.

Dogeverse (DOGEVERSE) is the primary meme coin to reside on a number of blockchains. This aligns the crypto completely with the broader business’s intention to extend interoperability throughout the Web3 sector.

By holding Dogeverse, traders can shift worth throughout probably the most liquid and lively networks with ease, permitting them to take part in excessive yield producing alternatives as quickly as they seem.

What’s extra, Dogeverse holders received’t even must swap out their tokens to start out incomes passive rewards on-chain, as a result of the venture is providing ICO traders a profitable staking program with a 57% APY.

Given Dogeverse’s unprecedented ranges of utility, it’s straightforward to see why an analyst from the CryptoNews YouTube channel not too long ago stated the meme coin has 100X potential on launch.

One small step for man, one large leap for multi-chain. 🌕#Memecoins #Solana #Altcoins #Ethereum #Crypto #MemeCoinSeason2024 #Web3 pic.twitter.com/bbKMU5qtA4

— DogeVerse (@The_DogeVerse) May 14, 2024

To accumulate the token earlier than it’s too late, traders can navigate to the venture’s web site and make use of the easy purchase widget embedded on the web page.

Attributable to its multi-chain nature, traders should purchase DOGEVERSE utilizing both ETH, BNB, MATIC, AVAX, SOL, or BASE. USDT and financial institution playing cards can be used.

However anybody that wishes to stake their tokens for the 57% APY might want to use ETH to purchase the crypto, for the reason that staking contract is on the Ethereum blockchain.

Buy and stake DOGEVERSE right here for as much as 57% in annual staking rewards.

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