Dogecoin Price Prediction: As DOGE Jumps 4%, This Innovative Meme Coin Index Presale Charges Towards $4 Million
The Dogecoin price jumped over 4% in the last 24 hours to trade at $0.2632 as of 9:57 p.m. EST as investors start to accumulate the largest meme coin by market cap. As a result of the 24-hour gain, the DOGE price has been able to push its weekly performance into the green to over 1%. Dogecoin Price Trying To Escape A Consolidation Channel 4-hour chart for DOGE/USD (Source: GeckoTerminal) The Dogecoin price is trying to escape above a medium-term consolidation channel between $0.2428 and $0.2647, GeckoTerminal data shows. Should the meme coin close a 4-hour candle above the upper boundary of this sideways range within the next 8 hours, it could start to climb towards the next major resistance at $0.2832. On the other hand, failure to establish a position above $0.2647 might lead to the continued oscillation within the sideways channel. In this alternative scenario, the Dogecoin price could end up testing the $0.2428 support. DOGE might then either rebound slightly or drop below ...