Dogecoin Price Prediction: Top Analyst Sees New Dogecoin Bull Market, This DOGE 2.0 Derivative ICO Soars Past $13 Million

adminMay 2, 2024

join us telegram A channel to stay up to date on breaking news coverage

Dogecoin price has surged 6% in the last 24 hours. Traded at $0.1321 As of 7:25 a.m. EST, trading volume was up 5% to $1.89 billion.

The surge came as cryptocurrency expert Ali Martinez suggested that a new bull market could soon begin despite the recent DOGE price correction.

Over the years, #Dogecoin It appears to be a reflection of previous bull cycles! All you need is a little patience. ⌚️ pic.twitter.com/QMqvmJaLkl
— Ali (@ali_charts) May 1, 2024

Dogecoin price indicates a bounce from a double bottom pattern.

Dogecoin price declined from the $0.2237 resistance level and then showed signs of a bullish trend reversal at the $0.1220 support level, allowing the bears to push the price lower during the correction phase. However, a double bottom pattern may form, allowing buyers to initiate a bullish rally.

DogCoin price

DOGEUSDT analysis. Source: Tradingview.com

Dogecoin seems poised to regain its previous highs thanks to optimistic investors who have been able to keep the price above the 200-day simple moving average. Repeatedly, DOGE price has faced resistance at its 50-day SMA, suggesting significant selling pressure at higher levels. However, if pressure increases, the price will likely move above the 50-day SMA.

Moreover, the Relative Strength Index (RSI) indicates a rebound from the oversold level of 30. If momentum continues, RSI should reach the 50 midline level.

Dogecoin price aims to recover the $0.2237 high.

Dogecoin bulls are pushing the price higher and are looking for support at the 200 SMA. With increasing momentum within the $0.1220 support zone, the price is likely to regain the $0.2237 high in the coming weeks.

Conversely, the bears may continue the correction phase, pushing the price below the support at $0.1220, while the bulls may pull back towards the support at $0.1057.

Dogeverse presales surpass $13 million.

As the price of Doji appears to be stabilizing, investors are still flocking to the market. dozer bus We’ve already had a meme coin pre-sale that has raised over $13 million.

🚀 We did it! $13 million. 🤯
$DOGEVERSE first #viceroy #Ticketing Spanning #Ethereum, #BNB chain, #polygon, #Solana, #avalancheand #Base…and it’s showing!
Cosmo is wagging his tail in gratitude, and so are we! 🌍🐕
that much #Ticketing Still in progress 🎉 #MemeCoinSeason pic.twitter.com/GIUWSBCYcH
— DogeVerse (@The_DogeVerse) May 2, 2024

Dogeverse is the latest addition to the dog-themed cryptocurrency space. Despite its connection to the largest meme coin by market capitalization, Dogeverse stands out as the first cross-chain token in the cryptocurrency space, which is interesting in its own right.

Dogeverse currently operates on six blockchain networks: Polygon, Ethereum, BNB Chain, Avalanche, Solana, and Layer 2 Base.

#Cosmo Embark on an adventure into a vast new world #blockchain universe! 🚀
This time we landed on a planet. #Solana And expanding the horizon #DOGEVERSE Furthermore! 🪐
Empower your users with the following benefits:
⚡️ Lightning-fast transactions
💸 Low transaction costs
🌐 Scalability and… pic.twitter.com/BH4l5RjhIS
— DogeVerse (@The_DogeVerse) April 30, 2024

Enjoy 85% APY through staking

DOGEVERSE offers Ethereum blockchain users a built-in staking option that offers 85% annual returns.

✌Advantages of $DOGEVERSE! 🚀🌍
$DOGEVERSE token has been issued. #Ethereum It’s also unique in that it allows you to bill, store, and transact. #Solana, #BNB chain, #Base, #polygonor #avalanche using #worm-hole and Portal Bridge technology. 💪 pic.twitter.com/H1ixNWVjj7
— DogeVerse (@The_DogeVerse) April 29, 2024

Jacob Bury, a cryptocurrency analyst and YouTuber, expects DOGEVERSE to skyrocket by 10x to 100x once it is launched.