Selling pressure on Dogecoin appears to have eased over the past 24 hours, as the coin’s value declined by just under 1%, and the $0.19 level appears to represent strong support at the moment, reinforcing the positive outlook for Dogecoin price.
The price of Dogecoin has seen a sharp decline of around 21% over the past month, amid recent weakness in trader interest in meme coins in general.
With the exception of a few meme coins, such as MemeCore-M and Fartcoin-FARTCOIN, the overall performance of coins in this category has been disappointing.
However, there is a development that could change the price of Dogecoin; According to popular account @Investments_CEO on Platform X, BlackRock may soon launch a Dogecoin ETF.
This account is followed by more than 600,000 users, so this rumor could reach certain users and ultimately lead to a short-term increase in the price of Dogecoin.
The REX-Osprey Dogecoin ETF (DOJE), the only Dogecoin Spot ETF in the United States to date, now has $30 million in tokenized assets under management for the first time since its launch.
Dogecoin price forecast after consolidating above its main support level during the recent decline
On the daily chart, Dogecoin price recently rebounded above ascending trendline support and appears ready to resume its rally.
The currency appears to be enjoying strong support in the $0.17-$0.19 range, suggesting that it is – perhaps – going through a wave of consolidation in anticipation of the next catalyst, which could be provided by the Federal Reserve’s interest rate decision expected to be released next week, and which should provide a boost to digital currencies if the US central bank decides to cut interest rates in line with expectations.
Next, Dogecoin price could quickly reach $0.23, which is the main resistance barrier to watch right now, with the possibility of continuing higher if it gains strong enough positive momentum.
As crypto markets continue to suffer from the recent wave of declines, the best new digital currency offerings – currently led by Pepenode – continue to gain momentum, as investors continue to look for the digital currency expected to generate gains of around 10x or even 100x.
Pepenode coin supply exceeds $1.9 million in preparation for launch of fun Mining to Earn (M2E) game.
Cryptocurrency mining no longer requires the purchase of expensive hardware. The Pepenode project started a new trend by offering a mining-to-earn (M2E) mechanism, making this activity fun and easy.
By purchasing Pepenode, players can set up a virtual server and run as many virtual mining rigs as they want to earn meme coins. The project also offers a competitive environment and rewards the best miners with surprise and free distribution campaigns of the most important meme coins such as Bonk-BONK and Shiba Inu. (Shiba Inu-SHIB), and these rigs can be upgraded to increase their productivity by purchasing more Pepenode parts. As the game’s popularity increases, demand for its base currency will increase, with early buyers reaping the highest returns.
Finally, to buy Pepenode currency and start mining, simply visit the official Pepenode project website and connect your Ethereum blockchain-enabled wallet – like the Best Wallet – to its interface to purchase the currency in exchange for Tether (USDT) or Ethereum. (Ethereum-ETH) or using Visa and MasterCard.
To purchase the Pepenode coin, click here
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