Dogecoin Price Drops as Investors Turn to FLOCK

Dogecoin price fell 2% over the past 24 hours to trade at $0.3111 as of 11:16 p.m. EST on trading volume that jumped 22% to $2.6 billion.

Dogecoin price aims for a breakout

THE Dogecoin Price analysis over the 4 hour period has offbeat from a strong uptrend earlier in November to a downward to sideways move in late December.

After peaking near $0.45, DOGE price began to retrace significantly, falling below the 50- and 200-period simple moving averages (SMA) on the 4-hour chart, according to GeckoTerminal data. This marked a clear bearish reversal.

Recent price action suggests a period of consolidation within a defined range between $0.30 (support) and $0.33 (resistance). This range trading follows a strong breakout on December 17, where price fell below the 50-period SMA. Despite recovery attempts, DOGE price failed to regain this moving average, signaling weak bullish momentum. This type of structure often precedes either a breakout or the continuation of the downtrend.

Additionally, the Relative Strength Index (RSI) is at 42.88, indicating neutral to bearish conditions. There is no overselling (<30) ni surachat (>70), but the downward bias suggests that sellers still have the upper hand. A decline below 40 could indicate further weakness.

DOGE Price Prediction

The current consolidation phase between $0.30 and $0.33 is critical. A breakout or breakdown will likely dictate the next major move.

If Dogecoin price rises above $0.33 with heavy volume, it could target the $0.35 to $0.36 range. Another resistance lies near $0.38 (200-period SMA).

Conversely, a break below $0.30 could result in a decline to $0.25 or lower as this area sees limited support.

Given the overall downtrend and the inability to recover key moving averages, the bias remains slightly bearish unless price breaks above the 50-period SMA and continues an uptrend.

As Dogecoin price targets a breakout, investments flock to the new presale meme coin Flockerz (HERD), offering an attractive staking APY.

According to 99Bitcoins, a popular cryptocurrency channel on YouTube with over 706,000 subscribers, FLOCK has the potential to grow 100 times after its launch.

Flockerz Raises Over $8.3M – Last Chance to Buy Before Launch

Flockerz is in the final 22 days of its ICO after raising $8.3 million, and momentum is building as the presale draws to a close.

Flockerz sets itself apart from other meme coins by introducing a vote-to-win (V2E) system. This system 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 counts.

Users must purchase FLOCK tokens to participate in the voting process. When a new suggestion is presented, members of The Flock vote.

The herd is not joking! Our Vote to Earn system is serious business! 🐦👋 pic.twitter.com/mrWNyKrPy7

– Flockerz (@FlockerzToken) December 16, 2024

Aside from V2E rewards, users can earn passively through the platform’s staking mechanic, which offers a whopping 331% annual return.

Investors interested in joining the presale can visit the official Flockerz website to purchase FLOCK tokens at $0.0065561 each using BNB, ETH, or USDT.

You can also make a purchase with your bank card. Buy before the presale ends in approximately 22 days to get the best deal.

Buy FLOCK here.

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