Is it too late to buy Dogecoin? DOGE Price Jumps 10% as AI Crypto Signal Platform yPredict Raises $3.2M in Funding

Pixabay / Kevin_Y

The original meme coin $DOGE has seen a resounding 10% rise in price from the recovery pump above the 200 DMA for the first time since April, now experts are asking if it is too late to buy Dogecoin.

The impressive pump comes amid a +47% rally rally, sparked by $DOGE headlines at lower trend line support on June 10.

DOGE Price Analysis: Is It Too Late to Buy Dogecoin?

The latest push in the 45-day rally rally has seen $DOGE reach a current price of $0.779 (a 24 hour variation of +4.97%).

TradingView / DOGE USDT

Price action found a foothold at $0.07 after 4 days of consolidation, as the technical structure turns bullish against the newly recovered 200DMA.

With the joint support of the 20DMA and 200DMA, Dogecoin looks technically strong here, as headlines now point to a push above the descending upper trend line at $0.08.

However, despite the bullish swing, there could be some cause for concern stemming from the Dogecoin indicators.

The +10% move has caused the RSI of $DOGE to heat up to a worrying 68, indicating that $DOGE may be overbought and adding a bearish taint to the price analysis.

Meanwhile, there is some hope in the MACD, which highlights the impressive momentum behind the move with a bullish divergence at 0.00078.

Although the technical structure here is solid, Dogecoin’s risk:reward profile is in a difficult position in the near term.

TradingView / DOGE USDT

With $DOGE nearing the top of its range, upside potential here is capped at $0.08 (+2.22%), and as the RSI suggests potential rejection, downside risk sits at $0.07 (-10.5%), leaving $DOGE with a troublesome risk:reward of 0.21.

However, while Dogecoin seems to be struggling, the smart money has already started flocking to the latest trend in crypto: an innovative AI trading platform.

The best alternative strategy to Dogecoin? Leverage AI for a competitive advantage with yPredict ($YPRED)

Source / and Predict

As the world of cryptocurrency trading becomes increasingly complex, savvy investors are looking to harness the power of technology to gain a competitive advantage.

Enter yPredict ($YPRED), an AI-powered crypto trading platform poised to revolutionize the retail markets, already exceeding $3 million in pre-sales.

Leveraging advanced machine learning algorithms, yPredict enables traders to identify patterns, predict trends, and receive signals in real time, creating a more informed and proactive trading environment.

The platform’s AI models provide real-time signals, pattern recognition, and key insights, giving traders a crucial advantage in the highly volatile crypto market.

How yPredict’s all-in-one ecosystem can power your trading analysis with AI

Source / and Predict

The ongoing pre-sale of yPredict’s native token, $YPRED, is an unprecedented growth opportunity for retail merchants.

With $YPRED, traders gain access to premium features and earn 10% of fees, which encourages a sustainable investment cycle.

Already in Stage 7, the pre-sale offers tokens at an attractive $0.1, with a listing price set at $0.12, giving early investors a promising ROI.

Invest in $YPRED now and join the AI ​​revolution in cryptocurrency trading, yPredict is transforming the future of cryptocurrency trading, offering an exciting and innovative platform for retail traders to gain an edge in the market.

Buy $YPRED here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.