Dogecoin had a very solid week as the price broke crucial resistance level on Monday at $0.1 level. This level was lost during the early September crash. $0.1 also acted as a strong support throughout the summer crashes in July and August.
There’s one lesser-known analyst on Twitter that goes by the name of “Ðima James” and he made a shocking DOGE price forecast wondering whether the king of meme coins can break $10+ levels this bull cycle.
DOGE Price Prediction
Ðima James’s analysis of Dogecoin’s price action went viral on Twitter so it caught the attention of many, including me.
His Dogecoin chart shows a fascinating pattern of intersecting green and red lines, which he claims signal bullish periods for DOGE. These crossovers have historically preceded significant upward movements, marked by “green weeks” of positive price momentum.
Source: X/@dimapott36
The current crossover, occurring in the first week of September 2024, suggests we might be on the cusp of another major rally. James’s chart divides Dogecoin’s history into three main cycles, each characterized by increasingly longer consolidation periods followed by explosive breakouts.
Cycle 1 (2013-2017) and Cycle 2 (2017-2020) demonstrated this pattern clearly, with each subsequent breakout surpassing the previous one in magnitude. Now, in Cycle 3 (2020-Present), we’re witnessing the longest consolidation phase yet. If history rhymes, as James suggests, this could potentially lead to the most substantial price increase we’ve seen for Dogecoin.
The DOGE chart highlights key support and resistance levels, with an ambitious long-term target of $36. While this figure might seem outlandish to some, it’s based on the extrapolation of past trends and the gradually ascending support levels across cycles.
Read also: Shiba Inu Mirrors Dogecoin: Patterns Signal Explosive SHIB Meme Coin Price Rally
Best Meme Coin to Buy Now as DOGE Alternative
While Dogecoin continues to capture headlines, investors are also looking at alternative meme coins with potential utility. One such project that’s been gaining attention is PandaWorld.
PandaWorld is positioning itself as a meme project with utility, aiming to provide decent ROI possibilities for this year and beyond. The project’s native token, PADW, is currently in presale, having raised over $115,000 so far.
But what sets PandaWorld apart? As the name suggests, it draws inspiration from pandas, but goes beyond just being a cute mascot. The project aims to generate revenue from multiple sources within its ecosystem, including:
Play-to-Earn (P2E) games
Online casino
Meme coin trading platform
Content platforms
What’s interesting is that profits generated from these various components are shared with token holders who participate in staking, creating a potential passive income stream for investors. Additionally, 15% of the total token supply is dedicated to staking.
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