Dogecoin

The <a href="https://www.tradingview.com/symbols/DOGEUSD" rel="noopener noreferrer nofollow">Dogecoin price</a> has lifted by 2.5% in the past 24 hours, reaching $0.078085 on a day when the wider market is just shy of an overall 1% gain.
DOGE is now down by 7.5% in a week, yet it remains up by close to 20% in the last 30 days, with the meme token also having risen by 11% since the the start of the year.
While this latter percentage seems modest in comparison with the gains posted by bigger tokens (e.g. BTC, ETH, SOL, XRP), DOGE has witnessed a number of significant whale transfers in the past few days.
This suggests that it could be on the brink of further rises, particularly as the market looks to end the year on a high.
<h2 id="dogecoin-price-prediction-as-technical-indicators-signal-increased-whale-activity-how-high-could-doge-go">Dogecoin Price Prediction as Technical Indicators Signal Increased Whale Activity – How High Could DOGE Go?</h2>
 DOGE’s indicators are beginning to draw strength yet again, pointing towards further potential rises over the weekend.
Its RSI (purple) has risen from under 50 earlier in the week and is now on course to reach 60, with plenty of room for further climbs before DOGE hits overbought territory again. Source: TradingView 
Similarly, the meme token’s 30-day average (yellow) continues to rise further above its 200-day (blue), reinforcing the impression that DOGE remains within an upwards cycle.
Dogecoin’s support level (green) also bolsters this view, providing the token with higher bases from which to mount new rallies.
And while its 24-hour trading volume has declined in the past few days, it still remains above the very low levels witnessed in September and early October.
This suggests ongoing heightened activity, with a number of recent alerts revealing that whales have been transferring DOGE&nbsp;<a href="https://twitter.com/whale_alert/status/1727037697078796700" rel="noopener noreferrer nofollow">to</a>&nbsp;and&nbsp;<a href="https://twitter.com/whale_alert/status/1727090293852311921" rel="noopener noreferrer nofollow">from</a>&nbsp;exchanges in recent days.
<a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> | There's a notable surge in <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> transactions exceeding $100,000 in the past month, consistently hitting new highs.
This uptick suggests increased interest in <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> from institutional players and whales, potentially gearing up for a significant price spike. <a href="https://t.co/UpxVkfu9hW" rel="noopener noreferrer nofollow">pic.twitter.com/UpxVkfu9hW</a>
— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1727704876829098382?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 23, 2023</a>
Based on this interest, it’s likely that the Dogecoin price will continue to witness rises over the coming weeks.
This will particularly be the case if and when the SEC approves a spot-based Bitcoin ETF for the first time, something which will carry DOGE along with the whole market.
As for DOGE itself, it doesn’t have much on its own pipeline that would suggest big rallies, even if its community continues to wait hopefully for <a href="https://cryptonews.com/news/dogecoin-price-prediction-as-elon-musk-reveals-he-considering-crypto-payments-for-twitter-can-doge-hit-1.htm" rel="noopener noreferrer nofollow">a possible integration with X</a> (formerly Twitter).
If that happens, DOGE will undoubtedly moon, but for now, traders can expect it to reach $0.1 by the start of the New Year.
<h2 id="new-meme-tokens-with-high-return-potential">New Meme Tokens With High-Return Potential</h2>
 Traders tired of waiting for X to introduce DOGE payments may prefer to look to newer meme tokens, however, with a number of interesting new coins currently holding their presales.
One of these is <a style="font-size: 16px" href="https://cryptonews.com/ext/memekombat" rel="noopener noreferrer nofollow">Meme Kombat (MK)</a>, an ERC-20 cryptocurrency that has raised $2 million in its token offering.
We did it fighters!!!
We passed $2 million raised in presale for <a href="https://twitter.com/search?q=%24MK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MK</a>
Now to find out who wins the 10,000 USDT <a href="https://t.co/qEGeDTnwWP" rel="noopener noreferrer nofollow">pic.twitter.com/qEGeDTnwWP</a>
— Meme Kombat (@Meme_Kombat) <a href="https://twitter.com/Meme_Kombat/status/1727315015894794719?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 22, 2023</a>
Such a raise suggests that the market has considerable confidence in Meme Kombat, which will launch a platform enabling users to bet on AI-generated meme battles.
That is, Meme Kombat’s platform will render entertaining battles between popular meme characters in real time, with users able to bet against each other or against the platform with regards to the results of said battles.
The platform will pay winnings in the form of its native token MK, which will have a total max supply of 120 million.
Users will also be able to use MK for staking, providing themselves with a passive income, in addition to any winnings they earn.
Staking is already active, with Meme Kombat issuing over 1 million in MK to stakers.
The price of <a href="https://twitter.com/search?q=%24MK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MK</a> is now $0.214
Make sure you are ready for Kombat and have you <a href="https://twitter.com/search?q=%24MK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MK</a> ready too! <a href="https://t.co/46vMGrXURU" rel="noopener noreferrer nofollow">pic.twitter.com/46vMGrXURU</a>
— Meme Kombat (@Meme_Kombat) <a href="https://twitter.com/Meme_Kombat/status/1727718885443469427?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 23, 2023</a>
With the platform due to launch in the next few weeks, all of these features have created considerable excitement among investors, who can join the presale at the&nbsp;<a style="font-size: 16px" href="https://cryptonews.com/ext/memekombat" rel="noopener noreferrer nofollow">Meme Kombat official website</a>.
1 MK currently costs for $0.214, although this will rise to $0.225 in just under a week, so interested buyers are advised to act sooner rather than later.
Yet such prices are likely to be overshadowed once the token lists on exchanges, where its successful presale suggests it could rally big.
<a href="https://cryptonews.com/ext/memekombat" rel="noopener noreferrer nofollow">Visit Meme Kombat Now</a>
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Dogecoin Price Prediction as Technical Indicators Signal Increased Whale Activity – How High Could DOGE Go?

Table of Contents

Cryptonews.com

Other articles published on Nov 24, 2023

PEPE falters, Galaxy Fox draws investors after raising over $200k

UNI Price Dips as 1inch Foundation Sells Tokens at $500K+ Profit

Two Leading AI Cryptocurrencies Skyrocket on Key Binance Rival Listing

Binance and CZ’s Troubles ‘Just the Beginning’ as Regulator Gains Access to All the Exchange’s Re...

Binance US Guilty Plea May Raise Complications for Hong Kong Affiliate’s Crypto License Applicati...

Wemade CEO Henry Chang to attend Fortune Global Forum and Abu Dhabi Finance Week 2023

Join our free newsletter for daily crypto updates!