The price of Dogecoin has risen by 7% in the past 24 hours to $0.16104, while volume has fallen by 9% to $2.8 billion. The move comes as Coinbase plans to introduce cash-settled Dogecoin futures contracts starting April 1, alongside Litecoin and Bitcoin Cash futures contracts, citing Dogecoin’s continued popularity in the crypto market as the reason for its decision. Coinbase Derivatives will launch leveraged and CFTC-regulated futures contracts for Litecoin, Dogecoin, and Bitcoin Cash in April! Stay tuned to see when these contracts will be available for trading on our partner platforms.
Dogecoin price is bullish as the price breaks out of a descending wedge chart pattern. On the 1-hour timeframe, Dogecoin is showing strong signs of recovery after a quick liquidity sweep as it breaks above the $0.1255 support area. Bulls remain tenacious as the price trades close to the $0.1663 mid-market level. Dogecoin is trading well above the 50-day and 200-day simple moving averages (SMAs), which suggests that the price is currently moving higher. Moreover, the relative strength index (RSI) in this timeframe also supports the bullish view as it remains above the 50 mark at 63. This means that buying is accumulating. If this momentum continues, the RSI could surge above the 70 overbought zone, which could signal strong buying pressure.
The Moving Average Convergence Divergence (MACD) shows that bulls continue to put pressure on the price of Dogecoin, with the moving average (blue) crossing above the signal line (orange), forming a bullish crossover. Optimistic investors often view bullish crossovers as encouragement to add more buy positions, pushing prices higher. In addition, the Average Directional Index (ADX) also shows a very strong bullish trend, as it moves north with a value of 42.
The Dogecoin price prediction shows a bullish bias, with the bulls attempting to push the price above the descending wedge pattern. In addition, the bulls are also looking to use the movement of the MACD and RSI to propel the price, potentially breaking the $0.1855 resistance and heading towards the March 5 high of $0.2071. Conversely, if the bears take control of the price at this level, it could trigger a correction to the critical support area of $0.1255. If the price closes below this level, Dogecoin will cancel the bullish scenario.
Meanwhile, investors are flocking to the pre-sale of Dogecoin 20, which has raised nearly $6 million and averaged nearly $1 million per day.
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As the first upgrade in the family of Elon Musk’s favorite Dogecoin, Dogecoin 20 is expected to be more successful than its predecessors, including the Shiba Inu and even Dogecoin itself.
The continued success of the pre-sale suggests that it has practicality by introducing features that are often lacking.
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The presale of Dogecoin 20 has raised $5.8 million and is sprinting towards the next goal of $6.3 million. The project aims to be a more functional and green version of Dogecoin while maintaining the philosophy of "doing only good things every day."
A unique feature of Dogecoin 20 is its staking ecosystem, which allows holders to earn passi
The token offers an impressive annual yield of 171%. Over the next two years, approximately 15% of the total token supply will be used for staking rewards.
The project has attracted a lot of attention from analysts and investors, with some speculating that it could break out when it goes public. YouTube channel 99Bitcoins, which has 709,000 subscribers, ranked DOGE20 as one of the top cryptocurrencies and said its potential gains could be as high as 100,000 times.
The current price of Dogecoin 20 is $0.000206. You can buy it with ETH or USDT on the official website, or with a bank card. However, you only have less than three days left before the price goes up.
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