In the last 24 hours, Dogecoin’s price has shown resilience, rising by 1.73%. This increase has contributed to the 2.60% growth in the meme coin sector. This stability may be laying the groundwork for a more significant upward trend as bullish signals start to appear.
Since last Thursday, Dogecoin has managed to gain 2.96%, reaffirming its positive momentum. Trader interest remains high, with the meme coin’s trading volume steady above $500 million over the past day.
Indicators Point to a Potential Dogecoin Price Surge
Despite these encouraging signs, Dogecoin has struggled to break through a key resistance level. The latest upward movement was curtailed as Dogecoin failed to surpass the stubborn resistance at $0.10800.
After stabilizing at the $0.10400 support level, Dogecoin shows potential for another upward move. Notably, the Relative Strength Index (RSI) dipped from 75 to 60, indicating a shift from an overbought state to a more neutral, yet bullish, position. This correction is typical, but it’s important to note that underlying buying pressure remains strong despite the price drop.
Similarly, Dogecoin’s Chaikin Money Flow (CMF) remains in positive territory at 0.15, reflecting continued buying interest. This makes a potential price rally credible.
Over the past 48 hours, the 50 EMA and 20 EMA have stayed above the 200 EMA after their crossover. All three EMAs are trending upwards, suggesting that Dogecoin’s bullish momentum is likely to continue.
If Dogecoin can overcome the immediate resistance, traders should watch for a push toward $0.12750, with the potential to reach $0.15.
A New Shiba Inu-Themed Coin Emerges
While traders may be tempted to hold onto Dogecoin for further gains, the meme coin landscape is evolving. The best opportunities now combine real utility with a strong community.
As leading hype-based coins reach multi-billion dollar market caps, the largest gains may already be in the past, and traders are searching for the next meme coin poised for explosive growth.
Enter Shiba Shootout ($SHIBASHOOT), a new meme coin attracting the attention of meme fans, gamers, and crypto enthusiasts. Unlike many Shiba Inu-themed coins with little utility, Shiba Shootout aims to lead in gaming utility. This focus may explain its early success, raising over $1 million in its presale so far.
Set against the backdrop of the Wild West crypto frontier, Shiba Shootout’s play-to-earn (P2E) game has been approved on Google Play and the Apple App Store, with its release imminent. As a governance token, $SHIBASHOOT will empower token holders to guide the project’s direction. Presale contributors can also earn bonus tokens through a refer-a-friend scheme, highlighting the project’s strong community focus.
At a fixed presale price of just $0.0199, those who act quickly could benefit the most. With staking rewards at 931% APY, it stands out as a top passive income opportunity.
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