Dogecoin Price Falls 9% as FOMO Investors Buy This Coin Meme

Dogecoin price fell 9% over the past 24 hours to trade at $0.3605 as of 11:28 p.m. EST on trading volume that jumped 75% to $9.6 billion.

Dogecoin price on a downtrend

THE DOGE Price on the 4 hour chart exhibitions a rounded bottom pattern, which is usually a bullish reversal signal. Dogecoin price increased significantly after completing this trend, reaching highs near $0.40.

However, a retracement followed, with the current price consolidating around $0.36, according to GeckoTerminal.

Dogecoin price fell below the 50-period simple moving average (SMA) at $0.3685, suggesting short-term bearish momentum. However, the 200-period SMA at $0.3455 acted as a strong support level.

This suggests that the long-term trend remains intact and is bullish as Dogecoin price is still trading above this key level.

The relative strength index (RSI) is at 42.21, slightly below the neutral level 50. This reading shows a loss of bullish momentum and indicates that the asset is approaching the oversold zone. However, this also suggests that DOGE could be close to a potential rebound point if buyers step in.

Can DOGE Reclaim $0.45?

The Dogecoin price is currently in a consolidation phase after a strong breakout and bullish rally. If DOGE price can hold above the 200-period SMA and reclaim the 50-period SMA at $0.3685 as support, it could trigger another upward move.

In this case, DOGE may aim for a retest of $0.40. A break above this level could then open the door to a continuation between $0.42 and $0.45.

Conversely, if Dogecoin price breaks below the 200-period SMA at $0.3455, the uptrend could weaken significantly. In this scenario, the next support lies near $0.34, with a possible further decline towards $0.32.

As Dogecoin Price Falls, Investors Buy New Coin Even in Presale Flockerz (TROOP). According to 99Bitcoins, a popular YouTube crypto channel with over 721,000 subscribers, the coin has the potential to skyrocket 100 times after its launch.

Flockerz Presale Tops $11.1 Million: Last Chance to Buy

Flockerz is in the final 2 days of its ICO as it heads towards the $12 million mark, and momentum is building as the presale draws to a close.

The project sets itself apart from other meme coins by introducing a vote-to-win (V2E) system mechanism that places decision-making power in the hands of token holders and rewards them for their participation.

The underlying framework of Flockerz is rooted in a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.

There’s no better place to relax than Flocktopia 👑💙 pic.twitter.com/jHhW4avyK3

– Flockerz (@FlockerzToken) January 15, 2025

To participate in the voting process, users must purchase FLOCK tokens. When a new suggestion is presented, members of The Flock vote and are rewarded for their efforts with additional FLOCK tokens.

In addition to V2E rewards, users can earn passively through the platform’s staking mechanic, which offers a whopping 261% annual return.

Investors interested in joining the presale can visit the official Flockerz website to purchase FLOCK tokens at the current price of $0.0066883 each using BNB, ETH, USDT or a bank card.

Buy FLOCK here before its presale ends.

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