“Dogecoin price prediction: CoinDesk predicts DOGE to rise by 6%, Doge20 ICO provides the last chance to buy, and is expected to rise by 1000%.”

Dogecoin price has risen by 6% to $0.179 in the past 24 hours, with trading volume surging by 22% to $2.7 billion. CoinDesk reports that Dogecoin's recent price action is similar to what was observed in late 2020, after which the coin favored by Elon Musk surged by more than 10,00% in early 2021. CoinDesk based its prediction that Dogecoin could repeat this feat on the Dow Theory, which states that asset price trends are self-repeating. Dogecoin price bulls used an inverse head and shoulders bottom pattern to push prices higher. Dogecoin price bulls remained resilient, pushing prices from the $0.085 support level to the resistance level of about $0.20. However, there seems to be a battle for dominance at the moment, as Dogecoin records different lows and highs. The downtrend brought the price down to the $0.12 support level, allowing the bulls to push the price further higher, thus forming an inverse head and shoulders bottom pattern, marking the end of the downtrend. Moreover, the price has broken above the neckline to the upside, showing that Dogecoin is currently in a bullish trend. Dogecoin is trading above the 50-day simple moving average and the 200-day simple moving average, confirming the upside potential for the price. The RSI shows that the bulls are determined to push the price higher as it is trading above the 50-day simple moving average at the 61 level. If the current momentum holds, the RSI could surge to the 70 overbought region, indicating strong buying pressure. Dogecoin price analysis shows sustained bullish momentum as the bulls use an inverse head and shoulders bottom pattern to push the price above the neckline. Moreover, the bulls intend to use the RSI to push the price higher to surpass the 70 overbought level. The 50-day simple moving average crossed above the 200-day simple moving average, forming a golden cross at $0.08. Dogecoin bulls intend to use these factors to surge the price with a target of $0.220. However, the RSI could easily enter the overbought region at this time, which means that the bears are likely to book profits. In this case, the price will retrace to the $0.144 support area, which is in line with the 200-day simple moving average. As the price of Dogecoin surges, investors are turning to its upgraded version, Dogecoin 20, which sold out in less than two weeks, raising $10 million. Top analysts say the sky may be the only limit in this pre-sale craze. Dogecoin 20 (DOGE20) is a more versatile and greener version of Dogecoin, continuing the ethos of “doing only good things every day.” It offers passive income through on-chain staking. Embracing a more environmentally friendly and sustainable future, DOGE20 is the world’s favorite “laughing coin”! The project builds on the original project to adapt to the current market while capitalizing on the hype of other dog-themed tokens such as CoinDog and Dogecoin. As the first upgraded version of Elon Musk’s favorite Dogecoin family, Dogecoin 20 looks capable of surpassing the incredible success of these two tokens. Dogecoin 20 offers an opportunity for holders to stake their tokens to earn an impressive annualized yield of 106%. According to 99Bitcoins, a popular YouTube channel with more than 709,000 subscribers, Dogecoin 20 is one of the top 5 cryptocurrency options that is expected to surge 100x at launch. To get in on the action, you have the option to buy DOGE20 tokens at $0.00022 through the official website. Payments can be made using ETH, USDT, or bank cards.