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Dogecoin price jumped 6% in the past 24 hours to trade at $0.4402 as of 7:53 p.m. EST on trading volume that jumped 54% to $24.9 billion, according to CoinGecko .
Dogecoin price aims for continued rally
THE Dogecoin Price The chart indicates a strong uptrend, as evidenced by a strong upward movement and price significantly above the 50 and 200 day moving averages.
After the initial parabolic rally, price entered an ascending channel pattern, marked by higher highs and higher lows. This suggests continued bullish sentiment, but in a more controlled and consolidating phase.
The relative strength index (RSI) is at 60.94, slightly below overbought territory (70). This suggests that the price is still in a healthy uptrend, but could encounter resistance if it approaches overbought levels again. A recent high near 63.18 suggests slight selling pressure, likely due to profit-taking.
Meanwhile, the blue moving average divergence has already crossed the orange signal line, indicating that Dogecoin price is in positive momentum.
If Dogecoin price maintains its momentum in the ascending channel, DOGE could rise even higher, breaking through the upper boundary of the channel as bulls target the next possible resistance level at $0.550.
DOGE/USDT chart analysis (Source: Tradingview)
Conversely, if the bears push Dogecoin price to break the lower boundary of the ascending channel, DOGE price could plunge towards the next support zone at the 50-day SMA ($0.39).
Meanwhile, investors are rushing to buy the newly launched meme coin. Cat slap (SLAP)which went parabolic after its listing three days ago.
According to ClayBro, a prominent crypto analyst with over 131,000 followers, Catslap could be the next meme coin to rise 50x.
Catslap surges 120% in the last 24 hours – Best crypto to buy now?
Catslap Token is a rapidly growing cat-themed coin that brings gamified clicker fun.
Players compete on a global scale via its “Slapometer”, counting clicks and fostering a competitive and addictive environment. Its Slapometer has already kicked into high gear with over 4.9 million slaps triggered, and counting.
Since its launch on Thursday, Catslap has surged more than 2,000% to reach a market cap of $49 million.
New $SLAP ATH and Gary Gensler resign. Send it to the moon 😻 pic.twitter.com/PzaPD8fdn7
– CatSlap (@CatSlapToken) November 21, 2024
The Catslap token has liquidity blocked for 60 days coming in at $3 million, so don’t worry about all-out pulling here. It also achieved the maximum reliability rating of 99/99 on DexTools.
Also boasting reliable smart contract auditing, Catslap is gaining traction among influencers and investors as it aims for centralized stock listings.
Adding to its FOMO frenzy is its partnership with Best Wallet, a fast-growing crypto wallet that connects Catslap Token to over 60,000 users. This strengthens the visibility and dynamics of $SLAP.
You can also earn passively through the project’s staking feature which offers an exceptional 40% return.
We cook. Staking is now live, all purchases on the website will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ
– CatSlap (@CatSlapToken) November 21, 2024
SLAP price surged 120% in the last 24 hours to trade at $0.005127 according to DexScreener data.
You can buy the SLAP token from its official website here. Buy ahead of what the team says is a major announcement in just 11 days. Could this be a listing on Coinbase or even Binance?
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