Dogecoin (DOGE) price fell 8.3% over the past 24 hours, currently trading at $0.3458, as the meme coin faced a market-wide pullback following the release of Donald Trump’s official celebrity token – $TRUMP.
Likewise, other tokens in the meme coin sector saw significant declines, with Pepe ($PEPE) and Bonk ($BONK) falling 9% and 18.5%, respectively, during the same period.
As a result, the combined market value of meme coins decreased by 12.8%, now standing at $107.1 billion, according to data from CoinMarketCap.
Despite this decline, an analyst on X, known as Trader Tardigrade, remains optimistic.
#Dogecoin thrives thanks to the Power of 3 concept 🔥
Two consecutive power of 3 patterns appeared on the $DOGE daily chart. pic.twitter.com/ArhpfPVbPF– Tardigrade Trader (@TATrader_Alan) January 18, 2025
He predicts that $DOGE could soon rally back to $2.77 per coin, citing a bullish pennant formation confirmed by the token’s recent price action on its weekly chart.
$DOGE Finds Strong Support at $0.31 – What’s Next?
Bull pennants emerge when the market takes a break after a spectacular rally that propelled the price of the said asset.
During this period of consolidation, which is typically characterized by a slight drop in prices below its last peak, early buyers take in some of the profits and excess debt is eliminated.
This decline also gives late buyers the opportunity to open long positions at more affordable prices, positioning the asset for a second leg of its bull cycle.
If Tardigrade, whose account
Meanwhile, on the daily chart, Dogecoin has pulled back from its January 18 high and is currently finding support on the lower side of the symmetrical triangle.
Additionally, there appears to be a solid floor for $DOGE at the $0.31 level.
Price action also made its first high, indicating that the downward trend that began in early December may now be reversing.
The Relative Strength Index (RSI) has also reached a higher high, indicating that positive momentum is accelerating.
With this technical evidence, Dogecoin’s near-term outlook remains bullish, provided the $0.31 support level successfully resists any upcoming pullback.
Now that President Donald Trump has officially taken office and event-driven volatility has calmed, the market’s next direction could depend on the initial decisions made by the leader of the free world, especially those that impact the future of the cryptocurrency sector.
This wave of market anticipation appears to be spilling over into new projects, with pre-sales of coins like Flockerz ($FLOCK) seeing renewed interest as key milestones approach.
The 24-hour countdown begins for the Flockerz presale – $12 million incoming?
The pre-sale event for one of the most innovative coin projects of the year is entering its final 24 hours, with investors eager to rush in. Flockerz ($FLOCK) tokens before its exchange debut.
Many are determined not to miss out on the significant upside potential expected once the token is listed.
Since the project began its fundraising journey, it has successfully secured $11.6 million from early backers who recognize Flockerz’s potential to pioneer a revolutionary movement known as vote to win (V2E).
This concept is poised to revolutionize the way coin projects foster strong, engaged communities.
With V2E, token holders are compensated for voting and actively participating in project governance decisions.
This reduces the risks of fraudulent events such as rug pulls and disadvantageous changes to tokenomics, as these decisions cannot be implemented without the support of The $FLOCK.
The pre-sale price of $FLOCK currently stands at $0.0066883 to allow early buyers to benefit from high returns once the asset is listed.
To purchase the token, simply go to the Flockerz website and connect your wallet (like Best wallet).
Don’t wait too long because the presale will end soon.
You can either exchange ETH, USDT or BNB for $FLOCK or complete the transaction using a bank card.
Don’t stay away, the coin space is about to change and Flockerz will lead the way.
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