Dogecoin Price Prediction: Top Analyst Says DOGE Could Have 40% Upside, But Traders Are Looking To This New Meme Coin For 10X Potential.

adminDecember 11, 2023

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Dogecoin price is up 1.8% in the last 24 hours. Trade for $0.097 As of 9:26 PM ET, trading volume was down 3.9% to $1.4 billion.

This surge occurred as analyst Ali Martinez observed a breakthrough in the price of Dogecoin.

Martinez shares his insights with his 34,800 followers on social media platform

Martinez’s analysis shows that bullish cryptocurrency investors have amassed billions of dollars in DOGE at a price of $0.095, a range currently considered a strong support level.

#Dogecoin You have successfully cleared all major resistance levels!
$3.2 billion in purchases from 63,280 addresses demonstrated strong support at $0.095. $DOGE – The road seems set for an upward journey. If this support remains firm we will see #viceroy We are targeting $0.14 next. pic.twitter.com/QmfZ9kY5Dh
— Ali (@ali_charts) December 8, 2023

Martinez expressed optimism that the possibility of a continued positive move looks promising as long as DOGE remains above $0.095.

Dogecoin Price: Bulls Break Rising Channel.

Dogecoin price chart — DOGEUSD chart analysis. source. tradingview.com

The general trend of Dogecoin price over the weekend indicates a bullish trajectory. The Dogecoin market showed resilience, building strong support at $0.0582 and laying a solid foundation for bullish activity.

This strength helped it break out of the rising channel, reaching the $0.10 point and successfully retesting the upper trendline of the channel.

However, DOGE faced challenges as its price faced resistance at $0.10. This pattern formed a double top pattern, indicating a downward movement, allowing bears to push the price lower.

The bullish sentiment was confirmed as the price effectively broke above the 50-day and 200-day simple moving average (SMA) of $0.071.

The relative strength index (RSI) is showing a downward trend at 81 in the overbought range. However, it remains bullish at 66, which could potentially put it back into overbought territory if the bullish momentum continues.

Dogecoin Price: Is Now Time for a Rebound?

Dogecoin price shows potential to rise above $0.10. Continued bullish momentum could push the price above the $0.15 threshold in the remaining weeks of 2023.

However, with the support of the double top pattern, bears could aim to reach the $0.088 support level, triggering a correction phase.

Two emerging competitors in the meme coin space may offer better upside. Meme Kombat (MK) and Wall Street Memes (WSM) have attracted investors to acquire more tokens at discounted prices for a 20x return potential.

The new P2E Crypto Meme Kombat secured $2.8 million, moving closer to its $3.5 million goal.

combat memes is an exciting new play-to-profit cryptocurrency game that combines meme battles and betting. AI-generated battles allow players to bet on their favorite meme characters to win big.

What’s unique is that you can also bet on professional players, eliminating the risk if you are not an experienced player.

your $MK It’s worth more!
yes. You read it correctly. you can live $MK Now for $0.235 😉 pic.twitter.com/DAKBpbMqUB
— Meme Kombat (@Meme_Kombat) December 7, 2023

Currently in the pre-sale phase, Meme Kombat has already raised an impressive $2.8 million and is quickly moving toward its goal of $3.5 million. Now investors Get MK tokens at a discounted price of $0.235However, this price is expected to rise in the next three days.

As the pre-sale progresses, the value of the token will continue to increase until the final goal is reached.

High APY, stake for the next Pepe Coin?

But that’s not all. Meme Kombat offers unique staking features for investors. by Buying and Staking MK TokensYou’ll earn an impressive Annual Percentage Yield (APY) of 301%, well above the industry average of 5-10%.

For all these compelling reasons, more and more traders are flocking to invest in Meme Kombat. Popular YouTuber and analyst Jacob Bury has also invested in the project and believes it could be the next PEPE with 10x growth potential.

MK tokens can be purchased directly at the following site. Meme Kombat Official Website.

$WSM is set to explode after the casino launch

that much Wall Street Meme (WSM) The project has established itself as one of the outstanding success stories of 2023. Having raised an impressive $25 million in a pre-sale financing round, the project has continued its remarkable journey, soaring in value by 114% since launch.

Introducing WALL ST MEMES Casino! 🚨
Wall St Memes Custom Games, Sports Betting, Live Casino and $WSM Token Integration 🔥
200% deposit bonus – sign up now! ⬇️https://t.co/RvwON1Sfp2 pic.twitter.com/6snnG16A6v
— Wall Street Meme Casino (@wsmcasino) October 18, 2023

Building on this success, the project introduced Wall Street Meme Casino, strategically targeting the vast and thriving casino gambling industry that now boasts an audience of a whopping 4.2 billion people.

This move promises not only a significant market base, but also exponential growth potential for WSM.

One month after founding, wall street meme casino We welcomed 18,100 new players and generated $1.5 million in revenue across 5,000 games. In November, the user base jumped to 78,000; It shows the growth potential of cryptocurrency gambling.

To learn more about WSM, visit the official website here.