Dogecoin Price Prediction: Top Analyst Says DOGE Might Have 40% Upside, But Traders Look To These New Meme Coins For 10X Potential

ByEvans Karanja

Updated: 11 December 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Dogecoin price is up 1.8% in the last 24 hours to trade at $0.097 as of 09:26 p.m. EST as trading volume dropped 3.9% to $1.4 billion.

This surge comes as analyst Ali Martinez observes significant breakthroughs in the Dogecoin price.

Sharing insights with his 34,800 followers on the social media platform X, Martinez highlights the potential for Dogecoin to surge 40%, especially after surpassing key price barriers.

Martinez’s analysis suggests that bullish cryptocurrency investors have accumulated billions of DOGE at a price of $0.095, a range he considers to be a robust support level at present.

#Dogecoin has successfully cleared all major resistance levels!

With the $0.095 support proving strong – thanks to 63,280 addresses buying 3.2 billion $DOGE – the path looks set for an upward journey. If this support remains firm, we could see #DOGE aiming for $0.14 next. pic.twitter.com/QmfZ9kY5Dh

— Ali (@ali_charts) December 8, 2023

Martinez expresses optimism, indicating that as long as DOGE remains above $0.095, the potential for continued positive movement seems promising.

The Dogecoin Price: Bulls Break Above the Rising Channel

Dogecoin Price chart — DOGEUSD Chart Analysis. Source. Tradingview.com

The prevailing trend in Dogecoin’s price over the weekend indicates a bullish trajectory. The Dogecoin market has exhibited resilience, establishing robust support at $0.0582, laying a solid groundwork for bullish activities.

This strength facilitated a breakout from the rising channel, reaching the $0.10 mark, and a successful retest of the upper trendline of the channel.

However, DOGE faced challenges as the price faced resistance at $0.10, which has also formed the double top pattern, which signals a downward move, allowing the bears to drive the price down.

The confirmation of a bullish sentiment materialized as the price effectively crossed above the 50-day and 200-day Simple Moving Averages (SMAs) at $0.071.

The relative strength index (RSI) shows a downward trend from 81 in the overbought zone. However, it remains bullish at 66, with the potential for re-entering the overbought zone if bullish momentum persists.

The Dogecoin Price: Is It Time to Rally?

The Dogecoin price exhibits the potential for an ascent above $0.10. Sustained bullish momentum may propel prices beyond the $0.15 threshold in the remaining weeks of 2023.

However, supported by the double top pattern, bears might aim to reach the $0.088 support level, triggering a corrective phase.

Two newly emerging competitors in the meme coin space may offer better upside returns. Meme Kombat (MK) and Wall Street Memes (WSM) have had investors flocking to acquire more tokens at discounted rates for 20X return potential.

New P2E Crypto Meme Kombat Secures $2.8 Million, Inching Closer to $3.5 Million Goal

Meme Kombat is an exciting new play-to-earn cryptocurrency game that combines meme battles and betting. Using AI-generated battles, players can wager on their favorite meme characters for a chance to win big.

What’s unique is that you can also bet on professional players, eliminating the risk if you’re not a skilled player yourself.

Your $MK is worth more!

Yes. You read that correctly. You can buy $MK now for $0.235🤩 pic.twitter.com/DAKBpbMqUB

— Meme Kombat (@Meme_Kombat) December 7, 2023

In the current presale phase, Meme Kombat has already raised an impressive $2.8 million, and it’s quickly moving towards its target of $3.5 million. Right now, investors can secure MK tokens at a discounted rate of $0.235, but this price is set to rise in the next three days.

As the presale progresses, the token’s value will continue to increase until it reaches its final goal.

Stake for High APY, Next Pepe Coin?

But that’s not all. Meme Kombat offers a unique staking feature for investors. By purchasing and staking MK tokens, you can earn an impressive annual percentage yield (APY) of 301%, far surpassing the industry average of 5–10%.

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

You can purchase MK tokens directly from the official Meme Kombat website.

$WSM Set to Explode Following Casino Launch

The Wall Street Meme (WSM) project has established itself as one of the standout success stories of 2023. Having raised an impressive $25 million during its presale funding rounds, it continued its remarkable journey with a staggering 114% surge in value post-launch.

INTRODUCING THE WALL ST MEMES CASINO! 🚨

Enjoy Wall St Memes custom games, sports betting, a live casino and $WSM token integration 🔥

200% deposit bonus – Sign up now! ⬇️https://t.co/RvwON1Sfp2 pic.twitter.com/6snnG16A6v

— Wall Street Memes Casino (@wsmcasino) October 18, 2023

Building on this success, the project has now introduced the Wall Street Meme casino, strategically targeting the vast and thriving casino gambling industry, which boasts a whopping 4.2 billion-strong audience.

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

In its inaugural month, Wall Street Meme Casino welcomed 18,100 new players, generating $1.5 million in revenue across 5,000 games. By November, the user base surged to 78,000, showing crypto gambling’s potential for growth.

To learn more about WSM, go to the official website here.