After trading on a declining trendline for over seven weeks, Dogecoin (DOGE) has found a support level. The most popular meme coin looks to be recovering after rebounding at the key $0.0600 support level and establishing a bottom.
Dogecoin's price has risen to $0.06200, forming a double bottom on the weekly period. Because to this surge, DOGE momentarily surpassed Cardano in terms of market capitalization, moving into the number seven spot.
DOGE indicators are still looking weak and oversold despite the rebound. A significant event is required to cause a bull market in Dogecoin. If this occurs, the DOGE price may drop below $0.070 in the coming month before attempting to recapture the $0.080 mark.
Whales with Shiba Inus Expect a SHIB Rally
Another meme coin that has shown surprising indications of revival is Shiba Inu, sometimes known as the "Dogecoin killer." The Shiba Inu coin has started to gather traction after bouncing off the $0.00000700 support level and is now trading around $0.000007300.
SHIB enthusiasts have been hoarding the token in anticipation of further price increases amid this positive performance. More than $50 million worth of the meme coin SHIB was added to Shiba Inu whales' wallets in September.
These cryptocurrency moguls think that the Shiba Inu price will rise beyond $0.00001000 in the next few weeks. This can occur once the cryptocurrency recovers support at $0.00000800. The Shiba Inu price may try to break out of the $0.0000100 resistance area if it hits this level.
The aim of Wealthy Quack is to provide its holders a shot at financial success via investing, constructing, holding, and winning. The first step in doing this is to form a group of individuals who are committed to working together to achieve the set objective. The initiative intends to become the future of a secure investment and fundraising platform, where users may also play a lottery that pays out hourly, daily, weekly, and monthly, and win a jackpot raffle for holding.
Rich Quack's launchpad, which the company claims will represent the future of risk-free investing, stands out as the product's most distinctive feature. This would set QUACK apart from other meme currencies and provide a potential catalyst for future price growth.
There is a widespread belief that once RichQUACK's product is out, the price of its token, QUACK, will skyrocket. We can tell by how active their community is, as well as how active they are on social media. It's astonishing how so great activity can exist on such a little market cap coin.
Many like #RichQUACK above #Shibainu and #Doge because its Market Capitalization is still relatively small compared to theirs, which has soared into the billions. When the market capitalization is low, it signifies that there is a lot of untapped potential for expansion and new millionaires to be made.
