Dogecoin has seen a gradual value motion in latest weeks, with the DOGE price buying and selling across the $0.15-$0.16 space. Many meme coin traders, together with me, are questioning when the king will begin pumping once more.
One highly regarded crypto analyst has made a daring DOGE value prediction, so let’s dive in.
Dogecoin Value Forecast – Will DOGE Attain $1?
Crypto veteran WIZZ, one of the standard crypto influencers globally with 700k followers on X (previously Twitter), made a daring Dogecoin value prediction immediately that the worth will attain $1. He added, “The richest males on the planet will ship this difficult imo,” in all probability excited about Elon Musk. Musk has at all times talked positively about Dogecoin, which has affected DOGE’s value previously.
Il retweet this for cloud later
$1 $DOGE
The richest males on the planet will ship this difficult imo.
🤝
— WIZZ🥷 ( beware scammers ) (@CryptoWizardd) May 27, 2024
Earlier than reaching $1, DOGE’s value first wants to interrupt its earlier all-time excessive of round $0.7 set in 2021. I analyzed the DOGE/USD chart, and we will see that DOGE has been buying and selling inside a sideways channel for months now, between $0.12 and $0.22 (rejected right here in late March).
For context, a sideways channel, often known as a horizontal channel or a buying and selling vary, is a technical evaluation sample the place an asset’s value fluctuates between two parallel horizontal resistance and help ranges. On this sample, the asset’s value is confined inside these two ranges, creating an oblong form on the chart. The resistance degree acts as a ceiling, stopping the worth from rising additional, whereas the help degree acts as a flooring, stopping the worth from falling beneath it.
Some technical indicators are worrying as nicely. The Relative Energy Index (RSI) is now within the 45-50 vary, which is a impartial space. Moreover, the MACD line is beneath the MACD sign line, indicating a possible bearish pattern.
DOGE simply doesn’t have the momentum proper now, so reaching $1 can be difficult within the upcoming weeks. PEPE, together with another standard meme cash, has taken the highlight. PEPE price actually broke its all-time high a number of instances in Could.
Nevertheless, DOGE’s value will seemingly come, however Elon Musk might must “step in” and supply some constructive information or help for the largest meme coin.
Subsequent Meme Coin To Explode?
Conor Kenny, a well-liked crypto YouTuber with virtually 200k subscribers, posted a constructive video about WienerAI as top-of-the-line meme cash to purchase proper now.
WienerAI is described as half canine, half sausage, and half AI buying and selling bot, aiming to offer each leisure and utility. It affords AI-enhanced buying and selling, predictive options, and zero-fee transactions on a decentralized trade.
WienerAI is in its presale part, the place 30% of its 69 billion tokens can be found. Customers can stake tokens to earn rewards, with a present reward price of 318% every year. Over $3.2 million was raised thus far in presale with arduous cap set at round $13 million, so we’re nonetheless early.
This undertaking affords respectable tokenomics because the distribution is 30% to presale, 20% to staking, 20% to neighborhood rewards, 10% to liquidity, and 20% to advertising. WienerAI’s roadmap consists of plans for a contract audit, pre-sale launch, advertising campaigns, and the eventual launch of the AI buying and selling bot. All in all, this may doubtlessly be the subsequent meme coin to look at. You’ll be able to buy $WAI tokens only from the official presale website, till launch.
Conclusion
To sum it up, whereas Dogecoin’s value is at the moment struggling, analysts like WIZZ have made daring predictions for DOGE to succeed in $1, which might require a giant value pump from the present ranges. Nevertheless, the DOGE chart and technical indicators counsel that such a rally might not occur within the upcoming weeks.
In the meantime, different meme cash like WienerAI have gotten an attention-grabbing matter, with its mix of leisure and utility options and a (thus far) profitable presale.
