Dogecoin (DOGE) has seen significant gains recently, with the coin’s price up almost 12% from last Thursday’s low.
This surge has revived speculation around DOGE’s potential, with some traders predicting the rally could continue until the end of the year.
Meanwhile, a new gaming meme coin called Meme Kombat (MK) is gaining steam in its presale phase – and is being touted as the next low-cap crypto to 10x in value.
Dogecoin Surges Past Key Technical Level as Meme Coin Revival Continues
Dogecoin is trading around $0.064, with its recent surge helping it break above the 50-day Exponential Moving Average (EMA) on the daily chart for the first time since mid-August.
Trading volumes have also spiked 121% over the past 24 hours, hitting $387 million as interest in the world’s largest meme coin grows.
DOGE’s price rise follows a broader revival in the crypto sector, with Bitcoin volatility declining and altcoins rallying.
Dogecoin has likely benefited from this renewed optimism, helping it post four bullish daily closes in a row.
The DOGE Fear & Greed Index, a widely-used gauge of investor sentiment, is now in “Positive” territory regarding price score – potentially setting the stage for further gains.
However, DOGE is fast approaching a crucial resistance level at $0.068, which price rejected aggressively on August 29.
This could serve as an inflection point for the coin since failure to break above the level could prompt a bearish retracement.
DOGE Faces Pivotal Moment as $0.068 Emerges as Crucial Resistance Zone
Given the context above, the coming weeks could be decisive for DOGE’s price trajectory.
Breaking the $0.068 resistance level could pave the way for a rally towards the $0.077 mark, especially given the positive investor sentiment seen in recent days.
However, several factors, such as Bitcoin’s performance and macroeconomic indicators, will continue influencing Dogecoin’s behavior.
Failure to break $0.068 might trigger a pullback, with the 50-day EMA acting as a dynamic support level.
Analysts and traders are keenly watching these levels since they will likely determine the coin’s short-term trend.
According to TheDogeCoach, a prominent Twitter analyst, there could be some “slow consolidation” at this price point and a continuation to the upside before the end of the month.
This bullish view was echoed last week by John Morgan, who predicted that the $0.055 level would be a springboard for the DOGE price.
Given these opinions and technicals, all eyes will be on Dogecoin in the coming weeks.
Red-Hot Presale Project Meme Kombat Positions Itself as the Next Big Player with Innovative Battling System
As interest in Dogecoin grows, meme coin enthusiasts are also paying close attention to Meme Kombat (MK), a new gaming meme coin gaining steam in its presale phase.
Meme Kombat is a trending meme coin currently making waves in the crypto space, blending the viral fun of memes with high-stakes battling and gambling mechanics.
The project’s presale has already raised $650,000 in just over one month, positioning it as a serious contender in the meme coin market.
Meme Kombat combines staking rewards and Play-to-Earn battles, with MK stakers able to earn 112% APY on their holdings during the presale.
MK holders can also bet on AI-powered meme battles and rake in even more tokens if their chosen character wins.
Meme Kombat’s whitepaper outlines that the project has solid tokenomics to encourage holding, with 30% of the total MK supply set aside for rewards.
Additionally, 50% of the MK supply has been earmarked for presale buyers – an incentive that has likely contributed to the project’s early success.
Considering MK’s novel concept, surging presale popularity, and backing from prominent influencers like Inspector Mindblow, it’s clear why many early backers are speculating that the token could 10x once listed on exchanges.
Prospective investors can buy MK tokens for $0.1667 by visiting the official Meme Kombat website.
