Dogecoin Price Aims For A Breakout As Investment Floods Into New Presale Meme Coin Flockerz (FLOCK)

The Dogecoin price dropped 2% in the last 24 hours to trade at $0.3111 as of 11:16 p.m. EST on trading volume that surged 22% to $2.6 billion.

The price of Dogecoin (CRYPTO: DOGE) dropped 2% in the last 24 hours to trade at $0.3111 as of 11:16 p.m. EST on Monday.

The volume of DOGE surged 22% in the last 24 hours to $2.6 billion.

The apex cryptocurrency, Bitcoin (CRYPTO: BTC), dropped 0.86% in the last 24 hours to trade at $49,100.

The world’s second-largest cryptocurrency by market cap, Ethereum (CRYPTO: ETH), dropped 1.03% in the last 24 hours to trade at $3,900.

The total crypto market volume in the last 24 hours increased 21.06% to $222.34 billion.

The total market cap of the cryptoverse stood at $2.64 trillion, down 0.33% in the last 24 hours.

Dogecoin Price Analysis: Bearish-To-Sideways Price Action Continues

The Dogecoin price analysis on the 4-hour timeframe has shifted from a strong bullish trend earlier in November to a bearish-to-sideways movement as of late December.

After peaking near $0.45, the DOGE price began to retrace significantly, falling below both the 50-day and 200-day Simple Moving Averages (SMAs), as per data from GeckoTerminal. This marked a clear bearish reversal.

The recent price action suggests a period of consolidation within a defined range between $0.30 (support) and $0.33 (resistance). This range-bound trading follows a sharp breakdown on December 17, where the price fell below the 50-day SMA.

Despite attempts to recover, the price of DOGE has been unable to reclaim this moving average, signaling weak upward momentum. This type of structure often precedes either a breakout or continuation of the downtrend.

Moreover, the Relative Strength Index (RSI) is at 42.88, indicating neutral to bearish conditions. It is neither oversold (<30) nor overbought (>70), but the downward bias suggests that sellers still hold the upper hand. A drop below 40 could indicate further weakness.

DOGE Price Prediction: What To Expect?

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

If the Dogecoin price breaks above $0.33 with strong volume, it could target the $0.35-$0.36 range. Further resistance lies near $0.38 (200-day SMA).

Conversely, a breakdown below $0.30 could lead to a decline toward $0.25 or lower, as that area has limited support.

Given the overall bearish trend and the inability to reclaim key moving averages, the bias remains slightly bearish unless the price breaks above the 50-day SMA and sustains a move higher.

As the Dogecoin price aims for a breakout, investment is pouring into the new presale meme coin Flockerz (FLOCK), offering a sky-high staking APY.

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.

Flockerz Raises Over $8.3 Million – Last Chance To Buy Before Launch

Flockerz is in the final 22 days of its ICO after raising $8.3 million, and momentum is strengthening as the presale nears its conclusion.

Flockerz sets itself apart from other meme coins by introducing a vote-to-earn system (V2E). This system puts decision-making power in the hands of token holders and rewards them for participating.

The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.

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

The flock isn't messing around! Our Vote to Earn system is serious business!

Apart from V2E rewards, users can earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 331%.

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

You can also make a purchase using your bank card. Buy before the presale ends in about 22 days to secure the best deal.

Buy FLOCK here.