Dogecoin

FOOM

Mog Coin

Coin

The Dogecoin price has surged 5% in the last 24 hours <a href="https://www.coingecko.com/en/coins/dogecoin">to trade at $0.1321</a> as of 2:10 a.m. EST on a 5% surge in trading volume to $1.89 billion. 
Despite DOGE still being down 21% in the past month, technical indicators are pointing towards a potential buying opportunity for the world’s biggest meme coin by market capitalization. 
<h2 id="span-style-font-weight-400-dogecoin-price-signals-a-rebound-on-a-double-bottom-pattern-span">Dogecoin Price Signals A Rebound On A Double Bottom Pattern</h2> 
The Dogecoin price shows signs of a bullish trend reversal at the $0.1218 support level. The price has begun consolidating and forming a double-bottom pattern, which traders see as a bullish reversal signal.&nbsp; 
After dropping from the $0.2295 resistance level due to bearish pressure, the bulls are regaining control and encouraging more buys to kickstart a bullish rally. 
<img decoding="async" class="alignnone wp-image-541820 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/DOGEUSDT_2024-07-01_09-16-06.png" alt="Dogecoin Price" width="1736" height="747" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/DOGEUSDT_2024-07-01_09-16-06.png 1736w, https://insidebitcoins.com/wp-content/uploads/2024/07/DOGEUSDT_2024-07-01_09-16-06-300x129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/DOGEUSDT_2024-07-01_09-16-06-1024x441.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/DOGEUSDT_2024-07-01_09-16-06-768x330.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/07/DOGEUSDT_2024-07-01_09-16-06-1536x661.png 1536w" sizes="(max-width: 1736px) 100vw, 1736px"> 
DOGEUSDT Analysis (Source: Tradingview) 
Dogecoin is showing signs of a comeback, driven by optimistic investors who have kept its price above the 200-day Simple Moving Average (SMA). If the upward pressure continues, the price could surpass the 50-day SMA. Additionally, the Relative Strength Index (RSI) indicates a recovery from the oversold level of 30. With sustained momentum, the RSI could reach the midline level of 50. 
<h2 id="span-style-font-weight-400-dogecoin-price-prediction-span">Dogecoin Price Prediction</h2> 
Dogecoin’s goal is to reclaim its previous high of $0.2291. Bulls are pushing for higher prices and finding support around the 200-day SMA. With momentum building in the $0.1218 support zone, the price could aim for $0.2291 in the coming days. Increased momentum could also push the price above the 50 SMA, which should confirm new highs. 
However, if bears maintain the downward pressure, the price could fall below the $0.1220 support zone, potentially forcing bulls to retreat to the next support level at $0.1048. 
<h2 id="span-style-font-weight-400-this-p2e-tamagotchi-themed-crypto-presale-raises-over-5-3-million-span">This P2E Tamagotchi-Themed Crypto Presale Raises Over $5.3 Million</h2> 
While bullish momentum is building for Dogecoin, sentiment around the new P2E DOGE-derivative <a href="https://insidebitcoins.com/visit/playdoge" rel="nofollow">PlayDoge (PLAY)</a> turned maximum bullish almost as soon as it launched. 
That’s confirmed by the numbers being produced by its blockbuster presale, which has already soared past $5.3 million in funds raised. 
PLAY blends the iconic “Doge” meme with Play-to-Earn (P2E) gaming. It brings together ’90s nostalgia with cutting-edge blockchain technology, offering players a retro-style mobile game where they can care for an 8-bit pixel Doge.&nbsp; 
Players feed, play mini-games, and develop a bond with their virtual pet while earning PLAY tokens for how well they perform in such tasks. 
Tokens holders can also generate passive income by staking PLAY tokens for an annual percentage yield (APY) of 114%. 
According to crypto analyst and YouTuber Jacob Bury, $PLAY has the potential to generate 10X returns after launch. 
<iframe title="PlayDoge New 10X Potential Play to Earn MEME Utility Token (Best Crypto to Buy Now?!)" width="640" height="360" src="https://www.youtube.com/embed/GLvTFi4aMIg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
PLAY tokens cost $0.00514 each. Act quickly if you are interested to buy the project because a price hike is coming in just over 24 hours. 
<a href="https://insidebitcoins.com/visit/playdoge" rel="nofollow">Buy $PLAY here using BNB, USDT, or a bank card.</a> 
<h2 id="span-style-font-weight-400-related-articles-span">Related Articles</h2> 
<ul> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/mog-coin-price-prediction-mog-tops-weekly-gainers-with-76-surge-as-this-p2e-meme-coin-ico-zooms-towards-6-million">Mog Coin Price Prediction: MOG Tops Weekly Gainers With 76% Surge As This P2E Meme Coin ICO Zooms Towards $6 Million</a></li> 
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle">Best Meme Coins to Invest in: Top Picks for Exponential Gains!</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/foom-price-prediction-foom-plunges-3-market-correction-or-panic-selling">FOOM Price Prediction: FOOM Plunges 3% – Market Correction or Panic Selling?</a></li> 
</ul>

Dogecoin Price Prediction: DOGE Jumps 5%, But Analysts Say This P2E Tamagotchi-Themed DOGE Derivative Might Explode 10X

Table of Contents

Inside Bitcoins

Other articles published on Jul 1, 2024

The Rules of the Game Are Changing in Bitcoin and Altcoins: While the Situation in BTC is Improvi...

Linda Xie: From Investor to Builder in the Crypto Space

The Best Presale in July 2024? MoonBag Presale Offers Huge Returns vs. Sluggish Cardano & Avalanche

Whales Have Landed in Ethereum: While the Giant Corporate Whale Bought 203 Million Dollars of ETH...

Ripple (XRP) or Cardano (ADA): Which Altcoin Will Hit $1 First?

Bukele’s Bitcoin Promises Falter: El Salvador’s Hopes Hang in the Balance

Join our free newsletter for daily crypto updates!