Dogecoin Price Aims For A Bullish Rally Continuation

The DOGE price analysis on the 4-hour chart shows a clear breakout from a consolidation phase, signaling renewed bullish momentum.

Dogecoin (CRYPTO: DOGE) price soared 13% in the last 24 hours to trade at $0.3793 as of 9:05 p.m. EST on Monday.

The volume of trades surged 94% to $5.8 billion.

Dogecoin Price Aims For A Bullish Rally Continuation

A 4-hour DOGE price analysis shows a clear breakout from a consolidation phase, signaling renewed bullish momentum.

Over the past few weeks, Dogecoin price was trapped in a rectangular range between $0.30 (support) and $0.34 (resistance). However, in the most recent candles, the DOGE price has decisively broken above this range, signaling a bullish breakout, according to data from GeckoTerminal.

The price of Dogecoin has also surged above the 50-day Simple Moving Average (SMA) at $0.3261 and is now challenging the 200-day SMA at $0.3723, a critical resistance level that could confirm a trend reversal if breached convincingly.

Meanwhile, the Relative Strength Index (RSI) stands at 77.74, entering overbought territory. This suggests that DOGE is experiencing strong upward momentum but might be due for a short-term correction or consolidation before continuing higher.

The Moving Average Convergence Divergence (MACD) histogram is positive, and the MACD line is above the signal line, indicating bullish momentum. The widening gap between the two lines suggests increasing strength in the upward move.

DOGE Price Prediction

According to the Dogecoin price analysis, DOGE is currently on a bullish breakout above the consolidation zone.

The bulls are aiming at a continuation of the bullish rally. Based on the breakout and accompanying technical indicators, DOGE appears poised for further upside in the short term.

If the Dogecoin price holds above the 200-day SMA at $0.3723, it could target the next significant resistance around $0.4000. Beyond this, further bullish momentum could push the price towards $0.4200, a key psychological level.

However, the overbought RSI suggests caution. A short-term pullback or consolidation towards the breakout level of $0.3500–$0.3600 is possible before another leg higher.

On the downside, if the price fails to hold above the 200-day SMA, DOGE may revisit the support zone near $0.3261.

Meanwhile, investors are piling into a new frog-themed Pepe derivative called Wall Street Pepe (WEPE), which crypto influencer ClayBro, with over 134k subscribers, predicts will soar 100X after launch.

Wall Street Pepe Presale Surges Toward $45 Million

Wall Street Pepe has surged past $40.7 million in funding amid whispers that its hugely popular presale might end in February 2025.

WEPE isn’t just another meme token—it’s built to help everyday traders compete with crypto whales. This project provides tools and resources once reserved for top-tier investors, making them accessible to everyone who joins.

$40M raised. Frogs strong together. The future is green. 🐸⚔️ pic.twitter.com/ijSnXJq9x9

— Wall Street Pepe (@WEPEToken) January 3, 2025

One key feature is its advanced trading signals, which guide users with clear, actionable insights. These signals identify top coins to watch, the best entry points, and when to sell for maximum gains.

By holding the $WEPE token, investors can also earn a 32% annual percentage yield (APY), providing a lucrative passive income stream.

Investors can buy $WEPE Token from the official website for $0.00036641 using ETH, USDT, or a bank card.

If you would like to join, buy before a price hike in about 1 hour.

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