Own The Doge (DOG) Price May Continue The Uptrend Along The Parabolic Curve

The chart showcases a strong bullish setup with clear technical signals pointing toward an uptrend. A major support zone around $0.0040 has played a crucial role.

The Own The Doge (CRYPTO: DOGUSDT) price surged on Friday as demand for the meme coin remained high. The coin, which is ranked 5433 by market capitalization, rose 12% in the last 24 hours to trade at $0.004798.

However, despite the gains, the coin's price is still down 96% from its all-time high, which was reached in April 2023.

Chart: TradingView Academy

Own The Doge Price Analysis

The Own The Doge price technicals show a strong bullish setup with clear signals pointing toward an uptrend. A major support zone around $0.0040 has played a crucial role, acting as a floor where buying pressure repeatedly emerged, preventing further downside.

This zone, highlighted in yellow, was tested multiple times, reinforcing its significance as a strong demand area.

Starting on December 15, a parabolic curve (depicted by the yellow dotted line) has formed from this base. The price has accelerated upwards rapidly, reaching its current level of $0.004798, a strong gain within a short timeframe.

Such parabolic moves are often driven by increasing momentum and investor optimism, but they can sometimes signal the need for caution as they may precede short-term corrections.

The 50-period SMA (green line) is approaching the 200-period SMA (blue line), and a crossover would create a golden cross, a widely recognized bullish signal. A golden cross often attracts further buying interest as traders view it as confirmation of a sustained upward trend.

The Relative Strength Index (RSI) is currently at 73.62, indicating that the market is overbought. This also means that price traders may face resistance as they lock in profits. While this doesn’t necessarily mean the uptrend will reverse, it does signal a potential short-term pullback or consolidation before further gains.

Own The Doge Price Prediction

Traders should monitor volume levels during this phase. The strong volume would support the continuation of the uptrend, while declining volume could signal weakening momentum.

Looking ahead, the price faces immediate resistance around $0.004798, where it currently sits. A break above this level, especially with strong volume, would pave the way for the next psychological target near $0.0050.

However, failure to hold momentum could see the price retracing back toward the $0.0040 support zone. With overbought signals in play, traders should be prepared for possible pullbacks while monitoring for confirmation of the uptrend.

Crypto All-Stars Presale Shoots Past $19.3 Million – Less Than 3 Days Left

Meanwhile, as DOG traders look forward to further upward moves, investors are flocking to Crypto All-Stars (STARS), a new meme coin project that has quickly gained attention as one of the biggest presales of the year.

The project has already raised $19.3 million, and less than three days remain before its official listing on major exchanges.

Popular crypto YouTuber ClayBro, who boasts 133K subscribers, has predicted that STARS could experience a 10X price surge upon its launch.

Interest in STARS is soaring, driven by the project’s innovative MemeVault smart contract, which sets it apart from other platforms. Unlike traditional smart contracts that require users to stake each meme coin individually, MemeVault allows holders to stake multiple cryptocurrencies in one place.

This streamlined approach simplifies the staking process, making it more convenient and user-friendly for meme coin enthusiasts.

After the presale concludes, the platform will support staking for 11 leading meme coins, including Dogecoin, Shiba Inu, Pepe, Floki, Turbo, Brett, Milady, Toshi The Cat, Coq Inu, Bonk, and Mog Coin.

The team also plans to expand this list over time, enabling users with diverse meme coin portfolios to stake all their tokens on a single platform.

Crypto All-Stars can't be stopped! 👾

We are knocking on the door of 20 with 19M raised! What a milestone!

Less than 3 days left before the exchange listing!

Join now: https://t.co/4g33VhZ00K pic.twitter.com/reXz3V97Lt

— Crypto All-Stars (@all_stars_coin) December 16, 2024

Currently, holders of STARS tokens can stake them for an impressive annual return of 157%.

The STARS token is currently priced at $0.0016782 and can be purchased using ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE, or even through traditional payment methods like a bank card.

With its imminent exchange listing and promising staking