Dogecoin Price Prediction as Meme Coins Surge in Price – Time to Buy DOGE?

cryptonews.com:

The Dogecoin price has risen by 1.5% in the past 24 hours, reaching $0.079494 after the cryptocurrency market reacted positively to the Federal Reserve's latest rate hike.

This means that DOGE has gained by a modest 1% in the past week but is down by 17% in the last 30 days, although the original meme token has gained by 13% since the start of 2023.

DOGE's slight rally today also comes as meme tokens in general are having something of a mini-season, with Pepe Coin (PEPE) and WSB Coin (WSB) in particular beating much of the market right now.

And with the Dogecoin community still expecting Twitter to introduce DOGE payments in the not-too distant future, DOGE could be in for a big rally of its own soon enough.

DOGE's little jump today comes as its indicators move into an unpromising position, with its 30-day moving average (yellow) just about to drop below its 200-day average (blue), forming a 'death cross' that usually signals more falls.

That said, DOGE's relative strength index (purple) seems to be resisting a fall further below 50, with the indicator flattening out at the 45 level.

At the same time, the meme token's support level has not really dropped over the past week, something which suggests that it may not actually drop any further in the next few days.

That said, an alert has revealed that a Dogecoin address containing 1.5 million DOGE has been activated again after spending the past nine years dormant.

This could suggest that the address' owner is preparing to sell, although the activity of other DOGE whales is mixed at the moment, with some moving funds to exchanges and some moving from exchanges in the past few hours.

More positively, the market has recently been hit with a mania for meme tokens, with PEPE rising by