Dogecoin (DOGE) has pulled back 3.2% in the past 24 hours, but the dip may be a setup for an even bigger move as the meme coin rally takes a brief pause.
Trading volumes have nearly doubled in the same period, signaling heightened interest as DOGE approached the key $0.23 resistance level.
Meanwhile, other leading meme coins like Shiba Inu (SHIB) and Pepe (PEPE) have also dipped around 4.4%, suggesting the entire sector is gearing up for a bounce as sellers get exhausted.
So, is the baseline Dogecoin price prediction still bullish — or does this past week’s dip signal deeper trouble ahead for the top meme coin?
Dogecoin Price Prediction: DOGE Forms Bull Flag and Could Rise to $0.35
DOGE’s price action has stalled in the past week after the token reached the $0.25 area as it seems that this is a key level for market participants.
The price has dropped to its lowest point in a week already at around $0.21 as momentum indicators were already flashing sell signals.
The Relative Strength Index (RSI) had surged to overbought levels already while the MACD’s histogram had been trending lower for four days in a row.
Although the price action still favors a bullish Dogecoin price prediciton, the rally had already reached a point of exhaustion already and justifies a pullback.
However, this does not necessarily mean that the uptrend is over. DOGE has formed a bullish flag pattern that could result in a higher high if the price breaks the upper bound of this formation.
This resistance currently stands at around $0.23 and it is the key level to watch in the following days. Based on the flag’s pole size, a bullish breakout could push DOGE to $0.35, meaning a potential 52% gain in a relatively short period.
Meanwhile, the key support to watch apart from the flag’s lower bound would be the range between $0.18 and $0.19 as a bounce off this level will still maintain the asset’s bullish price structure intact.
While DOGE’s outlook may be a bit uncertain at the time, the top crypto presales of the year like Best Wallet (BEST) offer the highest upside potential as their tokens are offered at a heavily discounted price.
Best Wallet (BEST) Set to Launch Groundbreaking Web3 Storage Solution – $12.5M Raised and Counting
Best Wallet (BEST) is rapidly positioning itself as a game-changer in the crypto space, offering a next-gen wallet that supports assets across 60 blockchains, delivers ultra-low swap fees, and is packed with powerful tools for modern traders.
Since its presale launch in November, the project has already raised nearly $12.5 million – a clear signal of investor confidence as it gears up to roll out its full Web3 storage solution.
The mobile app is live on both iOS and Android, featuring a slick interface and an integrated crypto screener called Upcoming Tokens, designed to help users discover early-stage presales with massive upside potential.
At the core of this ecosystem is $BEST – the utility token used for transaction fees within the wallet. As adoption grows and new users flood in, demand for $BEST is expected to skyrocket.
To buy $BEST at its discounted presale price of $0.025045, head to the Best Wallet website and connect your wallet.
If you don’t have a wallet, you can download the Best Wallet app itself.
You can either swap USDT or ETH for $BEST or use a bank card to invest.
The post Dogecoin Price Prediction: One Break Above $0.230 Could Unleash a Full-Blown Meme Rally appeared first on Cryptonews.
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