The price of Dogecoin has fallen by 4% in the past 24 hours and is currently trading at $0.1503. Investors reducing their holdings of the leading meme coin has led to a decline in Dogecoin's weekly and monthly performance, with a seven-day drop of 1% and a 30-day drop of 4%.
The price of Dogecoin is currently trading at the critical support level of $0.14972. This is because it was rejected by the main resistance level of $0.159 in the past 24 hours.
If Dogecoin’s 4-hour candlestick chart closes below $0.14972 within the next 12 hours, the memecoin could be at risk of falling to $0.14463. Continued selling pressure could cause Dogecoin’s price to drop to $0.13881 in the short term.
This bearish view may be invalidated if Dogecoin rebounds off the $0.14972 support. In this alternative scenario, the cryptocurrency might strive to climb to the aforementioned $0.159 resistance level.
The bulls might try to turn this level into a support. If the buyers manage to push Dogecoin above this level, the cryptocurrency might have chances of rising to as high as $0.16555 within the next 24 hours.
Control of Dogecoin price is fought over by bulls and bears. Technical indicators are sending mixed signals on Dogecoin’s 4-hour chart. This suggests that neither bulls nor bears have control over the memecoin’s chart as Dogecoin is resting on a critical support level.
In the past trading session, the Moving Average Convergence/Divergence (MACD) line has crossed below the MACD signal line. Traders often view this as a sign that the cryptocurrency is entering a bearish phase.
However, the relative strength index (RSI) indicator on the 4-hour chart contradicts the bearish signal from the MACD. Although the RSI is below its simple moving average (SMA), suggesting that sellers have the upper hand, the gap between the two lines is narrowing.
This shows that the bears are losing some strength. If the buyers continue to put pressure on the sellers, the RSI may soon cross above the SMA, indicating that the bulls have regained the upper hand.
As bulls and bears battle for control of Dogecoin’s price, investors continue to pile into multi-chain Dogecoin derivative ICO project DogeVerse, which has raised over $15 million and is now offering a last-minute chance to buy.
DogeVerse (DOGEVERSE) is the latest canine-themed token to enter the burgeoning memecoin space, but don’t let the lighthearted nature of the coin’s mascot fool you.
The core of this cryptocurrency ecosystem is its powerful cross-chain capabilities, and DOGEVERSE is the first memecoin to exist on multiple networks.
Why limit yourself to one, when you can have them all? $DOGEVERSE starts on the secure Ethereum network and ensures strong security and reliability.
By building bridges between cryptocurrency ecosystems, we increase liquidity, utility, and fun across the entire cryptocurrency world.
The biggest beneficiary for investors will be the ability to seamlessly transfer value between different networks while having the highest levels of liquidity and network activity.
This will allow them to act quickly to seize attractive yield opportunities, thereby maximizing profits.
What’s more, the native staking program with an eye-popping 55% annualized yield already offers token holders the opportunity to start accumulating rewards.
DogeVerse’s presale was one of the most popular ICOs this year, with crypto YouTuber ClayBro saying the token could potentially grow 10 times by the time it launches.
DOGEVERSE is priced at $0.00031 and can be purchased using a variety of tokens, as this memecoin exists on multiple chains. The list of available payment options includes ETH, MATIC, BNB, BASE, AVAX, and SOL. Investors can also use USDT and bank cards.
However, it is important to note that only transactions purchased using ETH are eligible for staking opportunities, and this is due to the smart contracts deployed on the Ethereum network.
Buy DOGEVERSE here before its official launch.
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