Dogecoin Price Prediction: DOGE drops 5%, traders say this Dogecoin 2.0 ICO may be the best meme coin to buy right now

Dogecoin price plunged 5% in the past 24 hours and is trading at $0.1971 as of 7:20 a.m. ET. Trading volume fell 23% to $2.04 billion.
Dogecoin price is in bullish momentum above the descending wedge pattern.
Dogecoin price has experienced significant growth above the falling wedge chart pattern. This pattern is often observed during strong uptrends and suggests periodic pullbacks that allow buyers to rally themselves and regain momentum.
Dogecoin appears to be on track to set new highs this month, thanks mainly to bullish investors who have managed to keep the price above the uptrend line of the descending wedge chart pattern. Additionally, the price has broken above the 50-day and 200-day simple moving averages (SMAs), which now offer support at around $0.07042.
Moreover, the relative strength index (RSI) is showing positive signs as it has rebounded from the midline level of 50 to around 60. It is approaching the overbought zone of 70, indicating that there is considerable buying interest in Dogecoin.
Dogecoin price targets a high of $0.2636.
Dogecoin bulls are struggling to move higher and are supported by the simple moving average and the RSI. As the momentum picks up, the price has a chance to break out of the triangle and aim for around $0.2636 in the coming weeks.
On the other hand, the bears are likely to continue the corrective phase and push the price back to the support area of around $0.1565, which coincides with the upper border of the wedge pattern.
The Dogecoin world has become more lively recently as the launch date of Dogecoin 20 (DOGE20) approaches.
Dogecoin 20 aims to provide better features and capabilities. The project promotes the slogan "Do only good things every day" and strives to be a greener and more versatile alternative to the media coin giant.
The most notable difference between Dogecoin and Dogecoin 20 is that the new media coin is launched on the Ethereum network, which is based on the Proof-of-Stake consensus.
Those interested in buying Dogecoin 20 before its launch can do so on the project’s website for $0.00022 per token. It’s best to act quickly, as the developers may close the presale at any time.
Visit the official website to buy Dogecoin 20 using your USDT, ETH or bank card.
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