Dogecoin Price Surges 2% But Experts Say This 2.0 DOGE Could Be The Next Crypto To Explode

adminAugust 11, 2024

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Dogecoin price has increased by 2% in the last 24 hours. Trading at $0.106 As of 9:02 p.m. ET, volume was down 39% to $358 million.

The meme coin sector has surged 1% in the past 24 hours, reaching a market cap of $40 billion, with the top three cryptocurrencies in the category, DOGE, SHIB, and PEPE, posting gains.

According to Dogecoin’s indicators: Into the blockThe market turned bullish as 73% of DOGE holders are now generating profits.

Dogecoin Price Prediction: DOGE Aims for Continued Surge

On July 29, the Dogecoin price fell from $0.13 and reached the support area of $0.081 by August 5. However, the bears failed to sustain this trend, and as the bulls took over the price, DOGE formed an ascending channel pattern.

DOGEUSDT Chart Analysis (Source: Tradingview.com)

The DOGE price bullish trend aims to maintain its position within the bullish channel. The token price is currently above the 50-day simple moving average (SMA). If the momentum continues, the Dogecoin price could eventually overcome the immediate resistance at $0.117, which coincides with the 200-day SMA.

Last week, the Relative Strength Index (RSI) bounced off the 30-sell overheat level and is now at 57. A rising RSI indicates that investors are actively buying.

If buying continues, DOGE may break the $0.117 resistance level. Then bulls can target the next resistance level of $0.13.

Conversely, if a bear market takes over the Dogecoin price, the meme coin is likely to undergo a correction towards strong support near $0.095.

A new meme coin has emerged as Dogecoin trades in a bullish channel. Play-dodge (PLAY) It is expected to benefit from this trend, thanks to its play-to-adult (P2E) gameplay. This utility, like many other meme coins, provides investors with more than just a speculative trading opportunity.

According to 99Bitcoins, a popular cryptocurrency channel on YouTube, $PLAY could surge 50x to 100x after its launch.

PlayDoge: A Worthy Alternative

PlayDoge is a mobile-based, play-to-adult (P2E) game that turns the DOGE meme into a Tamagotchi-style virtual pet. Users earn $PLAY tokens by ensuring their digital companion gets enough love, food, and sleep.

Investors can also earn passive income through PlayDoge’s staking option, which allows $PLAY token holders to easily immerse Their tokens The annual compensation is 77%.

Don’t ghost #viceroy Or you will die 👻
Feed the Doge, get rewards, level up. No mazes, just fun!#Pre-sale It’s out now! 🙌#playdodge #2P2E #memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024

The project continues to gain popularity in the crypto community, which is evident in its explosive ICO: PlayDoge has raised over $6 million in pre-sales so far.

You can buy $PLAY tokens for $0.00528 each. The price will increase within 3 days, so buy fast to get the best deal.

Buy $PLAY on the official website here using BNB, USDT or bank card.