Dogecoin has been demonstrating impressive growth recently, securing its place as the top-performing asset of the day.
At the moment, it has a price tag of $0.079279, accompanied by a 24-hour trading volume of $54 million. In the past 24 hours, Dogecoin has seen a close to 2% rise.
In light of this upward trend, potential investors might be questioning whether it’s an opportune moment to start purchasing Dogecoin.
Santiment’s Crypto Insights: DOGE Milestone
Recently, Santiment, a prominent crypto analytics firm, unveiled some fascinating details about the crypto market. Remarkably, Dogecoin (DOGE) enjoyed a substantial 25% increase in price over a fortnight, leading to a profitable outcome for the typical DOGE trader active within the last year.
Moreover, Santiment noted that Bitcoin (BTC) had been hovering within a relatively narrow bracket of $28k to $32k for approximately four months. This could signal unpredictable market movements as traders might pivot towards more volatile altcoins.
The noteworthy price upswing and profit potential for average DOGE traders, as highlighted by Santiment, could enhance investor confidence and stimulate more buying interest, potentially propelling Dogecoin’s price upwards.
Dogecoin Price Prediction
From a technical perspective, Dogecoin is currently displaying a slight bullish tendency, despite the struggle to surpass the resistance threshold of $0.0822.
This double-top resistance, however, doesn’t rule out the potential for a modest bullish adjustment, with a possible support boundary taking shape around $0.0783.
Should it descend below this mark, the subsequent support layers are anticipated to be around $0.0760.
If there’s a further descent below $0.0758, additional support could be found near the $0.0740 or $0.0700 marks.
Key technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), are showing a trend of consolidation, suggesting a prevailing bearish sentiment.
Nevertheless, within the four-hour time frame, the 50-day Exponential Moving Average (EMA) is serving as resistance around the $0.0800 mark. A closure below this EMA may hint at a possible increase in bearish trader dominance.
Alternative Meme Coin: Wall Street Memes
Are you familiar with Wall Street Memes, the widely recognized online community for retail investors?
They’ve recently hit a significant benchmark with the successful presale of their meme coin, $WSM.
Remarkably, in just a few weeks since its inception, the presale has amassed over $18 million, demonstrating their impressive fundraising prowess.
Currently, during the presale phase, investors can snap up $WSM at $0.0325. However, as the presale progresses, this price will incrementally rise to $0.0328.
This provides investors with the opportunity to lock in projected profits on paper by getting involved at this juncture.
Don’t miss this enticing and potentially profitable opportunity. Act now and acquire Wall Street Memes to possibly reap the rewards of its promising expansion.
Become a part of this thrilling community by joining the $WSM presale!
