Dogecoin Price Prediction: Can Doge Ride the Meme Wave to $0.1, or Should Enthusiasts Turn Their Eyes to a Million-dollar Presale?

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Dogecoin (DOGE) price has broken through consolidation above the $0.06041 support level. This was a critical move, considering it had held as support since June. While the move was bearish, it pointed to restored activity in the DOGE market, inspiring thoughts of a directional bias as traders no longer sit on their hands. Meanwhile, another project is up for grabs, touted as a million-dollar presale with remarkable potential, especially for stakers.

Dogecoin Touts Decentralization

After weeks of silence, Dogecoin’s account on social media platform X has posted again. It has reminded community members of “Not Your Keys, Not Your Coins.”

It's time to remind shibes of the concept of Not Your Keys, Not Your Coins again.

During this extended 'crypto winter', the crypto scene has seen more questionable activities from shady-behaving central exchanges, and many decentralized swap setups that exist currently put… pic.twitter.com/5YxYVfpwzB

— Dogecoin (@dogecoin) October 11, 2023

It comes on the back of a new wave of phishing attacks in the crypto arena. Bad actors have been taking advantage of unsuspecting community members. The refresher also comes amid a new trend during the extended bear market. Many questionable activities have made headlines. These include centralized exchanges (CEXes) showing questionable conduct and many decentralized (DEXes) swap setups putting users at risk.

For instance, some DEXes have indirectly exposed users to the funding of illicit and controversial sociopolitical or criminal schemes—case in point: FTX.

Pedaling itself as an ecosystem for “having fun, memes, doing good, community, and ubiquitous access,” Dogecoin has touted decentralization, asking Shibes to keep custody over their assets whenever possible.

If you do not hold the keys (or phrase), those Dogecoins do not actually belong to you.

Dogecoin Price Prognosis: Only One Way To Go

After the Dogecoin price broke below the $0.06041 critical support, it established yet another at $0.05814, which could soon prove to be a liquidity grab. Despite the indicators still playing the tune to the bears’ liking, there appears to be one way for DOGE to go up after collecting buy-side liquidity.

After the quick dip below the $0.05814 support level on October 9, the Dogecoin price pulled back and has sustained above it since. This could mean traders took advantage of the dip to buy DOGE at low prices. Increased buying pressure could restore the meme coin above the $0.06041 support level.

To realize its upside potential, however, the Dogecoin price must overcome the 50-day Exponential Moving Average (EMA) at $0.06277. The one-day chart below shows that this moving average has provided immediate resistance against DOGE since mid-August. Flipping it into support would spell vindication for the Dogecoin price.

Such a move could see Dogecoin price target the 100- and 200-day EMA at $0.06539 and $0.06944 levels, respectively.

In a highly bullish case, the Dogecoin price could confirm the uptrend by breaking and closing above the midline of the fair value gap (FVG) at $0.07258. This level is referred to as the consequential encroachment. Shattering past it would increase the odds for DOGE to rally to the forecasted $0.1 target, 70% above current levels.

Notably, the FVG is a magnet for Dogecoin price, showing that an inefficiency exists and requires filling. For this to happen, DOGE must move north to at least tag this order block between the $0.07123 and $0.07375 zone.

Converse case

On the flip side, increased selling momentum could see Dogecoin price extend to the $0.05500 low or record a new range low in the dire case.

Dogecoin aside, let us look into TG.Casino, is the latest Plinko gambling product by Jim AI Studios. It is a new Telegram presale, recently debuting to capitalize on the messaging platform’s 700+ million user base.

DOGE Alternative

TG.Casino has been reviewed to be the next crypto to explode, according to Crypto Zeus, with the popular YouTuber describing it as a cutting-edge platform that uses the security and speed of Telegram. The ticker for the TG.Casino ecosystem is TGC, a new presale token that is selling super-fast. Based on the latest update on the website, $742,703 is already in the bag, representing almost 75% of the minimum goal or soft cap.

Fully licensed and with a 100% safety guarantee, the TG.Casino ecosystem offers gaming enthusiasts an exclusive place for online, anonymous crypto gambling.

got a huge hit on TG Casino 🎰🥳@TGCasino_ pre-sale is live, don‘t miss this Moon Shot 🚀 #tgc $tgc pic.twitter.com/fQOb56ubR3

— Big 💎 Ballz (@bigdiamondballz) October 9, 2023

The security is upheld thanks to Telegram’s encryption infrastructure, safeguarding player data and financial transactions. The project also promotes real-time community engagement courtesy of the Telegram channels and groups, facilitating continuous interaction and ensuring that feedback is received immediately.

It is an ecosystem where players are rewarded through constant prizes for owning TGC tokens. These tokens have multiple use cases, including applications for the project’s loyalty program. You can also earn TGC by engaging in games, which, in the long run, enhances your gaming experience.

Just over 24 hours left in the competition to win over $5000 of prizes! 💰🎰💵 https://t.co/QsH8Ak4ppO

— TG Casino (@TGCasino_) October 8, 2023

Parts of the project’s profits have been put back into the TGC token, adding a layer of economic stability. Furthermore, the versatility of the TGC token has extended to various other reaches. These include future integrations with partner platforms, exchange for various services, and staking for extra benefits.