Dogecoin Price Prediction: As DOGE Plummets 14%, A FOMO Frenzy Erupts Around This $25M Presale With Just Hours Left

The
Dogecoin
price
plunged
14%
in
the
last
24
hours
to
trade
at
$0.3141
as
of
01:55
a.m.
EST
on
trading
volume
that
climbed
50%
to
$10
billion.

Dogecoin
Price
On
A
Bearish
Trend

The
DOGE
price

initially
surged
strongly
in
early
November,
with
consistently
higher
highs
and
higher
lows
supported
by
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs).

Following
the
rally,
the
price
of
Dogecoin
entered
a
prolonged
consolidation
phase,
bounded
between
$0.39
and
$0.45
(highlighted
in
the
purple
box),
according
to
data
from


GeckoTerminal.
This
period
suggested
indecision
among
market
participants
as
bullish
momentum
waned.

However,
a
clear
breakdown
below
the
consolidation
zone
occurred
recently,
with
the
Dogecoin
price
falling
to
$0.3141.
This
drop
marks
a
bearish
reversal,
with
the
price
now
trading
below
both
the
50-day
and
200-day
SMA,
signaling
further
weakness
in
the
near
term.

The
Relative
Strength
Index
(RSI)
currently
sits
at
an
extremely
low
value
of
22.53,
indicating
oversold
conditions.
Such
a
low
RSI
level
suggests
that
the
selling
pressure
may
be
overextended,
and
a
potential
short-term
rebound
or
consolidation
could
occur.

The
Dogecoin
price
is
in
a
bearish
trend
after
breaking
down
from
its
consolidation
zone.
The
immediate
support
is
near
$0.30,
a
psychological
level
that
could
offer
temporary
relief.
A
breach
of
$0.30
could
see
DOGE
price
test
lower
levels
around
$0.25,
corresponding
to
pre-rally
price
points.

On
the
upside,
$0.39
(50-day
SMA)
and
$0.40
(200-day
SMA)
will
act
as
critical
resistance
levels.
Reclaiming
these
levels
would
indicate
a
potential
recovery
and
neutralize
the
bearish
bias.

Meanwhile,
both
traders
and
degens
are
rushing
to
buy
into
the

Crypto
All-Stars
($STARS)
presale
as
it
enters
its
final
6
hours
before
launch.

Cryptonews,
a
popular
crypto
channel
with
over
14K
subscribers,
believes
$STARS
could
be
the
next
meme
coin
with
25X
potential.

Crypto
All-Stars
Presale
Ends
In
Less
Than
6
Hours
–
Last
Chance
To
Buy

With
less
than
6
hours
remaining,
the
Crypto
All-Stars
($STARS)
presale
has
raised
an
impressive
$25
million.
In
the
last
48
hours
alone,
it
has
raised
more
than
$2
million,
driven
by
a
frenzy
of
degens
scrambling
to
grab
their
stake
in
what
could
be
the
next
big
thing
in
crypto.

At
the
center
of
this
excitement
is
its
innovative
MemeVault,
a
new
staking
platform
designed
specifically
for
meme
coin
enthusiasts.
It
brings
together
11
popular
tokens,
including
Dogecoin
($DOGE),
Shiba
Inu
($SHIB),
Pepe
Coin
($PEPE),
and
Floki
Inu
($FLOKI),
allowing
holders
to
stake
their
tokens
in
one
place
while
earning
passive
income
in
STARS. 

A
brand-new
player
in
the
meme
coin
space,
Crypto
All-Stars
just
launched
within
the
past
24
hours,
and
it’s
already
making
waves!
????

Here’s
why
you
should
pay
attention.
????????

—
web3telepath
(@web3telepath)

August
15,
2024

The
team
also
plans
to
to
expand
the
list
of
meme
coins
available
for
staking
in
the
future.

Meanwhile,
traders
can
stake
$STARS
tokens
and
enjoy
a
huge
annual
percentage
yield
(APY)
of
156%.

With
expectations
of
tier-1
exchange
listings,
investors
are
rushing
to
secure
their
stake
before
the
presale
ends.
STARS
is
expected
to
list
early
next
week.

Buy
STARS
from
its
official
website
here
using
BNB,
USDT,
or
a
bank
card.

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