Dogecoin Price Prediction: Fake Rumors Spark Wild Swings for DOGE, but This Meme Coin Presale Aims at Pepe’s Crown Continues to Head North

adminJanuary 11, 2024

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Dogecoin price is down 0.7% in the last 24 hours. Traded for $0.079 As of 7:06 a.m. EST, trading volume had increased 88% to $1.038 billion.

The drop follows false social media rumors about the demise of the well-known meme coin’s mascot that rocked the cryptocurrency community.

A post by anonymous user TraderAguila on

At one point, Doge soared. 9%, one post speculates, “When an artist dies, their work becomes 10 times more valuable.”

Soon after, the user deleted the post and made his account private, revealing that the screenshot was fake. Eventually, the entire account was deleted.

Dogecoin price forms a bullish pennant pattern

Dogecoin price chart analysis. source. tradingview.com

Dogecoin price gradually increased from the $0.05 support level to the $0.106 resistance level.

However, DOGE faced resistance at $0.10, which gave the bears control and formed a bullish pennant, signaling the continuation of the bullish trend.

The price fell below the 50-day simple moving average (SMA) but remains above the 200-day SMA at $0.0725 and is supported by the golden cross at $0.0678.

The Relative Strength Index (RSI) is trending downward from 81 in the overbought zone to 35 below the midline level of 50, indicating significant selling pressure on the DOGE price.

Dogecoin Price: Bulls Prepare for Bull Rally.

The bullish pennant pattern shows the potential for Dogecoin price to rise above $0.10. Continued bullish momentum could lead the price to surpass the $0.15 threshold in 2024.

However, if the downtrend continues, it could fall below the 200-day SMA, which would give the price the right to touch the $0.061 support level.

Amid Dogecoin’s setback, SpongeV2 is gaining significant attention in the cryptocurrency space. Experts say SpongeV2 is poised to take Pepe’s throne and deliver a huge return on investment to investors.

SpongeV2 Surpasses $4M, Targets 100x Returns, Buys Fast

Sponge V2 More than $4 million was staked and linked, attracting new capital to Sponge, with the goal of matching the 100x return achieved by Sponge V1.

2024 is $sponge 🧽#SpongeV2 #memecoin #stress pic.twitter.com/gUN77r4m19
— $SPONGE (@spongeoneth) January 6, 2024

Sponge V1 has achieved great results, reaching a market cap of $100 million and being listed on more than 10 centralized exchanges, including LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan, and BitMart.

but Sponge V2 The provided widget gives you the opportunity to purchase and stake $SPONGE to receive bonuses in V2 tokens.

Justin Sun Fuels Sponge Bullish Momentum

Tron founder Justin Sun has been focusing on meme coins since expressing interest in trading for the promising project in a May 2023 tweet.

I decided to actively trade meme coins and promising projects through public addresses. Any losses that may arise from these transactions will be personally borne by me, and all profits generated will be donated to charity.
— HE Justin Sun Sun Yuchen (@justinsuntron) May 11, 2023

This move created positive momentum among investors and traders, and Sun now has $SPONGE worth $90,000.

#PeckShieldAlert Address 0x9FCc… 19Fe (Suspicious #justin sun Related) 6,166 people were withdrawn. $ETH (worth approximately $13.8 million) #Binance pic.twitter.com/8jGbcwRvzg
— PeckShieldAlert (@PeckShieldAlert) December 26, 2023

Buy Sponge, Stake, Play and Earn Profit Now

When you purchase sponge tokens I have to have a steak. You will have access to the new SPONGE V2 tokens optimized for gaming. Over 4.5 million tokens have already been deposited and staked in the bridging contract. Once staked, your tokens will undergo automatic bridging.

fist, #Sponger! 🧽︎
We are happy to announce that liquidity is now locked! 🔐
There are already 4,270,902,045 tokens staked with a value of $3,497,953, currently maintaining an impressive 378% APY. $sponge Stronger than ever!
Visit our website to learn more! ⚡️#SpongeV2 #web3 pic.twitter.com/1tYOhx3Lcb
— $SPONGE (@spongeoneth) January 8, 2024

You can also participate in activities such as: Play to Earn (P2E) Increase your chances of earning additional $SPONGE by using the free and premium versions and purchasing additional game credits using $SPONGEV2 tokens.

Jacob Bury, a cryptocurrency YouTuber with over 26,000 subscribers, is optimistic about SpongeV2’s prospects. In one of his latest videos, he predicts huge potential returns for SPONGV2 investors.

To purchase Sponge V2 tokens, please visit: SpongeV2 official website Connect your digital wallet to exchange ETH or USDT for V2 tokens. You can also make direct purchases using your bank card.