Dog (Runes) Price Prediction After 21% Rise!

Bittime - The price of Dog (Runes) or DOG has jumped sharply in the last 24 hours. This memecoin recorded an increase of 21% and was trading at IDR 71 ($0.0046) per DOG at 13.00 WIB. 

This price increase coincided with a 57% surge in trading volume, reaching around IDR 265 billion. This makes Dog (Runes) one of the meme coins with the largest market capitalization that recorded the highest profits, according to CoinMarketCap data.

Prospects for Continued Dog (Runes) Price Increases

The price movement of DOG against the USDT (Tether) pair shows several important technical patterns that indicate a potential continuation of the bullish trend, although a short-term correction is possible.

One of the main indicators is the parabolic curve that is forming, indicating very strong upward momentum. DOG price has continued to experience sharp increases in the last few trading sessions, reflecting significant buying pressure and potential for exponential growth in the future. 

Read also: Bankruptcy Compensation Mt. Gox Extended until October 31, 2025

However, parabolic movements like this often don't last long. This means that there is a possibility of consolidation or price decline as a form of market stabilization after a too rapid increase.

Meanwhile, other indicators such as the Simple Moving Average (SMA) also strengthen the bullish trend. Currently, the 50 SMA is at Rp. 48 ($0.003113), and the 200 SMA is at Rp. 40 ($0.002590), both well below the current price. This shows very strong bullish momentum because DOG price is above both of these moving average lines.

Dog Price Prediction (Runes)

One important support level is seen just above the 200 SMA, namely in the price range of IDR 40 to IDR 48 ($0.002590 to $0.003113). This zone has become the base of the current uptrend, and will likely continue to provide support in the event of a correction. 

DOG price has previously bounced off this level, making it an important area for investors to watch.

However, there is another signal that needs to be paid attention to, namely the RSI (Relative Strength Index) which is at 75.48, indicating that DOG is in an overbought condition (bought too much) because a value above 70 is usually considered a sign that the coin price is too high. tall. 

Read also: Erik Finman: Young Man Who Dropped Out of School and Got Rich from Bitcoin

Although the market trend still appears bullish, this overbought condition could lead to a short-term correction or consolidation, as buying pressure begins to subside. An RSI that is too high also indicates that buyers may be starting to take profits, potentially increasing selling pressure.

With the price parabolic movement and the SMA continuing to rise, the bullish momentum for Dog (Runes) is still very strong. However, the overbought RSI and the distance between the current price and the 50 SMA are signs that a correction or consolidation may occur soon.

If a correction does occur, the support zone between IDR 40 to IDR 48 ($0.002590 to $0.003113) is an area to watch for potential price stabilization. 

For investors looking to enter the market or increase holdings, paying attention to this level can provide an opportunity to get a better price before the bullish trend resumes.

Conclusion

This significant increase in the price of Dog (Runes) shows that the meme coin is receiving great attention from traders and investors. However, it is important to remember that rapid price increases are often followed by corrections to rebalance the market. 

Investors must remain alert to the potential for temporary price declines, especially considering technical signals such as the RSI which indicate overbought conditions.

In conditions like this, a wise strategy is to pay attention to key support levels and consider entering the market when prices are at a more stable level. 

By continuously monitoring price movement patterns and technical indicators, investors can make more informed decisions to optimize profit opportunities in this highly dynamic market.

Dog (Runes) price prediction still has the potential to increase. However, there is always a risk of fluctuation that needs to be taken into account. 

Monitoring support levels, as well as understanding technical signals such as RSI and SMA movements, will be the key to dealing with rapid and sharp market changes. These are the Dog (Runes) price predictions that Bittime has summarized from various sources.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.