Convergence

Dogecoin

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Raise

<p><span style="font-weight: 400;">The Dogecoin price </span><a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">plunged</span></a><span style="font-weight: 400;"> over 11% in the last 24 hours to trade at $0.1611 as of 8:25 a.m. EST as investors offload their holdings in the meme coin as the sector plummets.</span></p>
<h2 id="span-style-font-weight-400-the-dogecoin-price-falls-below-a-positive-trend-line-img-decoding-async-src-https-s3-tradingview-com-snapshots-c-cpezkb82-png-alt-binance-dogeusdt-chart-image-by-stevenwalgenbach-span"><span style="font-weight: 400;">The Dogecoin Price Falls Below A Positive Trend Line<img decoding="async" src="https://s3.tradingview.com/snapshots/c/cPEZkB82.png" alt="BINANCE:DOGEUSDT Chart Image by StevenWalgenbach"></span></h2>
<p><span style="font-weight: 400;">4-hour chart for DOGE/USDT (Source: </span><a href="https://www.tradingview.com/x/cPEZkB82/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">TradingView</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">The </span><a href="https://insidebitcoins.com/news/dogecoin-price-prediction-doge-pumps-10-as-elon-musk-sees-tesla-purchases-with-dogecoin-but-traders-flock-to-this-ico-for-10x-gains-on-the-bitcoin-halving" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Dogecoin</span></a><span style="font-weight: 400;"> price dropped below a positive trend line that had formed on its 4-hour chart throughout the last couple of weeks. In so doing, it also lost the support of the $0.16750 mark, and continues to trade below this key price point. If the meme coin fails to close a 4-hour candle back above $0.16750 in the coming 8 hours, then it may be at risk of testing the immediate support level at $0.14713 towards the end of today’s trading session. Continued sell pressure at this point may then lead to the leading meme coin’s value falling to as low as $0.12408 in the next 48 hours.</span></p>
<p><span style="font-weight: 400;">On the other hand, reclaiming a position back above $0.16750 could prove that the latest dip was nothing more than a liquidity building move. As such, the Dogecoin price could attempt a challenge at the next major resistance level at $0.17875, before potentially rising to as high as $0.19586 in the short term if bulls continue to boost </span><a href="https://insidebitcoins.com/news/dogecoin-price-prediction-doge-surges-7-but-analysts-say-this-ico-is-the-best-crypto-to-buy-now-ahead-of-the-bitcoin-halving-2024" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">DOGE’s</span></a><span style="font-weight: 400;"> price.</span></p>
<p><span style="font-weight: 400;">Technical indicators on DOGE’s 4-hour chart show that the crypto has entered a short-term negative cycle. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish.</span></p>
<h2 id="span-style-font-weight-400-technical-flags-warn-the-dogecoin-price-may-keep-dropping-span"><span style="font-weight: 400;">Technical Flags Warn The Dogecoin Price May Keep Dropping</span></h2>
<p><span style="font-weight: 400;">This is after the MACD triggered a significant bearish technical flag by crossing below the MACD Signal line in the last 24 hours. The prior breaking away below the latter also suggests that the bearish trend shows no current signs of slowing down.</span></p>
<p><span style="font-weight: 400;">Meanwhile, the RSI is trading below its Simple Moving Average (SMA) line. The indicator also shows that DOGE is closer to oversold territory than overbought territory, which is generally seen as a buy signal. It seems traders have already started to identify the meme coin’s current level as a good buy, as the RSI line is sloped positively. However, risk-averse traders may want to wait for the RSI to break above the SMA again on the 4-hour chart before buying into DOGE.</span></p>
<p><span style="font-weight: 400;">While the Dogecoin price attempts to reclaim key support, </span><a href="https://insidebitcoins.com/visit/dogecoin20" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Dogecoin20’s</span></a><span style="font-weight: 400;"> presale has raised over $250k in just its first day.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-the-long-awaited-dogecoin-update-span"><span style="font-weight: 400;">The Long-Awaited Dogecoin Update</span></h2>
<p><span style="font-weight: 400;">Dogecoin was originally launched in 2013 as a joke by Billy Markus and Jackson Palmer. Since its launch, the crypto has managed to build a large and loyal following, thus leading to it become the biggest meme coin in the market with a capitalization exceeding $23 billion. </span></p>
<p><span style="font-weight: 400;">Now, Dogecoin20 is looking to continue the legacy of the meme coin market leader and climb up the crypto rankings.&nbsp;</span></p>
<p><iframe title="5 BEST MEME COINS To Buy Now - The NEXT SHIBA INU?!?!" width="640" height="360" src="https://www.youtube.com/embed/T9ee8m2KoHc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">Dogecoin20 is the first serious upgrade of the Dogecoin brand and offering. One of the major differences is that Dogecoin20 comes with a fixed token supply, as opposed to DOGE’s infinite supply. </span></p>
<p><span style="font-weight: 400;">This already gives the new meme coin an edge over its predecessor in terms of future worth. Since it was launched on the Ethereum blockchain, Dogecoin20 is also more environmentally-friendly than DOGE, which runs on the computationally expensive Proof of Work consensus mechanism.</span></p>
<h2 id="span-style-font-weight-400-investors-are-rushing-to-buy-dogecoin20-span"><span style="font-weight: 400;">Investors Are Rushing To Buy Dogecoin20</span></h2>
<p><span style="font-weight: 400;">Dogecoin20’s ICO has hit the ground running, and has already surpassed $312K as it moves into its second day. Investors are scrambling to get a hold of the meme coin before its price increases in less than six days. Another potential reason investors are rushing to buy into Dogecoin20 could be the whopping 1,872% annual rewards on offer from staking the token.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚀 <a href="https://twitter.com/hashtag/DOGE20?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE20</a> isn't just another Shiba Inu-inspired derivative.</p>
 <p>Upholding Dogecoin’s ethos to Do Only Good Everyday, it offers passive rewards through on-chain staking. 🌱🌟</p>
 <p>Embracing a greener, more sustainable future with the most widely loved <a href="https://twitter.com/hashtag/Memecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Memecoin</a> in the world! 🐶 <a href="https://t.co/zqlONodRPB" rel="noopener noreferrer nofollow">pic.twitter.com/zqlONodRPB</a></p>
 <p>— Dogecoin20 (@DOGE_COIN20) <a href="https://twitter.com/DOGE_COIN20/status/1768242237266104505?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 14, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Anyone looking to get in on this huge opportunity early will have to visit Dogecoin20’s official website, connect their wallet, and purchase the native DOGE20 tokens. Once purchased, these tokens can be staked on the website to start accumulating rewards.</span></p>
<p><span style="font-weight: 400;">Selling for $0.00014, DOGE20 can be bought using either Ethereum (ETH), Tether (USDT), Binance Coin (BNB) or bank card.&nbsp;</span></p>
<p><span style="font-weight: 400;">DOGE20 can be purchased </span><a href="https://insidebitcoins.com/visit/dogecoin20" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">here</span></a><span style="font-weight: 400;">.</span></p>
<h3 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles:</span></h3>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/what-crypto-presale-quick-guide-getting-ground-floor-new-calsona-mwpve" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!</span></a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/new-cryptocurrency-ico-dogecoin20-launches-with-250000-raised-on-day-one-next-big-meme-coin" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">New Cryptocurrency ICO Dogecoin20 Launches With $250,000 Raised On Day One – Next Big Meme Coin?</span></a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/pepe-price-prediction-pepe-plunges-14-as-experts-say-consider-this-2-0-meme-coin-for-100x-gains" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Pepe Price Prediction: PEPE Plunges 14% As Experts Say Consider This 2.0 Meme Coin For 100X Gains</span></a></li>
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Dogecoin Price Prediction: As DOGE Plummets 11%, Enter New ICO Dogecoin20 With $250K Raise In A Day

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