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The Dogecoin price has seen a 2.6% jump in the last 24 hours to trade at $0.076010 as of 8:26 a.m. EST.
DOGE is poised to continue its upward trajectory, having broken through the $0.070 mark and marking its return to this level for the first time since August 2023, as analysts predict a soaring trend.
According to analyst Crypto Tony, Dogecoin has secured support above its 50-day EMA and broken free from a prolonged descending trendline.
Holding that weekly support zone is key, to build a bullish foundation on. #Memecoins could see a trigger pump next if #DOGE behaves pic.twitter.com/GsB8Dg1MbS
— Crypto Tony (@CryptoTony__) November 2, 2023
Anticipating a potential “trigger pump,” he suggests that in the short term, DOGE’s value might aim for the $0.090 level.
Ali Martinez foresees the possibility of Dogecoin establishing a new all-time high, with Martinez precisely predicting a potential $1 valuation in the next bull market.
Dogecoin Price Breaks Above Falling Wedge
DOGEUSD Chart Analysis. Source: Tradingview.com
DOGE price has recently bounced back, finding robust support at $0.058 and preventing further losses for the bears. The rebound, illustrated on the DOGE/USD price chart, showcases strong bullish control, propelling the price above the $0.06 resistance level.
DOGE has been on a downward trajectory throughout 2023, resulting in a falling wedge pattern that typically indicates a shift toward bullish momentum.
Despite encountering resistance at $0.075, the solid bullish momentum prompted a rebound at the preceding support level of $0.066, empowering the bulls to break out of the falling wedge pattern coinciding with a retest at the 200-day simple moving average.
The price crossed above the 50-day and 200-day simple moving averages, with crucial support provided by the 200-day SMA.
The upward movement of the relative strength index (RSI), transitioning from an oversold level, has experienced a slight decrease. Nevertheless, it remains above the overbought threshold of 72, indicating heightened strength and momentum for DOGE. If the bullish trend continues, there is potential for the RSI to enter the overbought zone.
Dogecoin Price: Bulls Aim for $0.1375 Level
With a bullish inclination, Doge shows efforts from the bulls to propel the price upward, supported by favorable indicators from the daily RSI and simple moving averages.
The existing bullish momentum hints that the bulls might steer the price toward $0.1375, reflecting a potential gain of 70%
However, bears might intervene, causing a downward move, seeking to recoup losses, and potentially causing a fallback to the $0.06 support level.
DOGE investors should consider expanding their positions while the breakout is still recent.
For those seeking an alternative token with great potential, Meme Kombat is definitely one to consider.
MK Presale: Less Than 2 Hours Left Before Price Increase!
Meme Kombat (MK) is on the verge of another price increase, with less than 2 hours left in its current presale stage. Investors are rushing to secure additional presale tokens before the impending price hike.
The meme speaks for itself.
2 hours memers👏 👏 👏 pic.twitter.com/RVN6PRUspO
— Meme Kombat (@Meme_Kombat) November 9, 2023
Currently, the presale has amassed $1,380,736 out of a target of $1.5 million. Investors have a limited window to purchase tokens at the current rate of $0.1833 per before the presale ends, as the token price rises to $0.189.
The price will continue to increase in subsequent stages, reaching a final listing price of $0.274 in January 2024.
4 HOURS FIGHTERS! $MK will go from $0.183 to $0.189 📈 Act fast! pic.twitter.com/EseeBBxoIt
— Meme Kombat (@Meme_Kombat) November 9, 2023
Join The Action With MK, Enjoy A Remarkable 112% APY
You can stake your MK tokens during the presale to enjoy an Annual Percentage Yield (APY) of 112%. Meme Kombat presents automatic staking options, diverse betting choices, and a robust tokenomics model for long-term sustainability.
Investing in MK tokens at this stage offers a substantial APY and provides access to 30% of the token supply reserved for staking and participant rewards in meme battles.
Users can use the Meme Kombat tokens to participate in meme battles, placing bets on their favourite memes.
Oh it is ON pic.twitter.com/PLn5BPqiWU
— Meme Kombat (@Meme_Kombat) November 9, 2023
Beyond the excitement of competition, users can also stake a portion of the prize pool, collaborating with others who wagered, demonstrating their meme expertise, and earning significant rewards in the process.
The endorsement from Jacob Bury, a YouTuber with 23.4k subscribers, adds to Meme Kombat’s potential for a 10X increase in the coming weeks. He also terms it as one of the best five crypto presale projects in 2023.
Visit Meme Kombat’s official website, connect your Web3 wallet, and acquire MK tokens using BNB, ETH, or USDT to participate in the presale project.
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