Satoshi

Dogecoin

Shiba Inu

Daily

<p>Crypto markets experienced a rollercoaster ride this week, with Bitcoin plunging to $56,000 before recovering nicely to trade in the $63,000-$64,000 range. However, the last 24 hours have been relatively calm, with the market consolidating and entering a “boring” mode, devoid of big price movements.</p>
<p>Amidst this lull, one coin stood out – Dogecoin (DOGE), the king of meme coins, <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener noreferrer nofollow">outperforming its peers</a> with a 7% pump in the last 24 hours. In comparison, PEPE declined by 2%, while WIF managed a modest 1.5% gain. Even the popular Shiba Inu (<a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">SHIB</a>) couldn’t keep up, slipping 1% during the same period.</p>
<p>A closer look at the DOGE/USDT chart reveals that Dogecoin has been trading in a sideways channel since the beginning of March, as indicated by the blue lines on the chart. This range, spanning $0.12 to $0.22, has acted as a crucial battleground for DOGE.</p>
<p>The $0.12 level, in particular, has proven to be a formidable support, successfully withstanding this week’s market crash. Interestingly, this area aligns closely with the 200-day moving average, currently hovering around $0.11.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="406" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-139-1024x406.png" alt="" class="wp-image-486803" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-139-1024x406.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-139-300x119.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-139-766x304.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-139-1536x609.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-139-2048x812.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-139-378x150.png 378w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-139-100x40.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-139-882x350.png 882w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-139-788x312.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-139.png 1770w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>After the recent dip, DOGE bounced back to its current levels of around $0.16. However, to break out of this channel and continue its bull run, Dogecoin needs to breach the $0.22 resistance level. This level was briefly touched in late March, but Dogecoin has yet to muster the strength to attack it decisively.</p>
<p>Technical indicators provide further insights into DOGE’s current trajectory. The Relative Strength Index (RSI) on the daily chart stands at 52, indicating a relatively neutral sentiment. Meanwhile, the MACD (Moving Average Convergence Divergence) line has crossed above the MACD signal line, suggesting a potential bullish momentum building up.</p>
<p>As for where DOGE could be headed from here, the possibilities are intriguing. Renowned crypto trader and analyst DonAlt, who boasts an impressive following of over 545,000 on X (formerly Twitter), declared himself a “DOGE maxi.” When asked about his price target for DOGE in this bull run, DonAlt’s response was a resounding “$1.”</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">I have become a DOGE maxi</p>— DonAlt (@CryptoDonAlt) <a href="https://twitter.com/CryptoDonAlt/status/1786709306550714685?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 4, 2024</a>
</blockquote>
<p>DonAlt’s optimism stems from his extensive experience in the crypto industry, having witnessed numerous market cycles and the resilience of <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coins like Dogecoin. His bold prediction has reignited the enthusiasm of the DOGE community, fueling hopes of breaking through the psychological barrier of $1.</p>
<p>In conclusion, while the broader crypto market remains in a state of consolidation, the meme coin arena has been shaken up by Dogecoin’s recent outperformance. With technical indicators hinting at potential bullish momentum and a seasoned crypto analyst voicing his unwavering support, the stage is set for an exciting chapter in Dogecoin’s journey.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/sui-overtakes-solana-sol-in-daily-transactions-a-good-time-to-buy-the-token/" target="_blank" rel="noopener noreferrer nofollow">SUI Overtakes Solana (SOL) in Daily Transactions: A Good Time to Buy the Token?</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/dogecoin-outshines-pepe-wif-and-other-top-meme-coins-as-veteran-crypto-analyst-predicts-doge-to-hit-1/" rel="noopener noreferrer nofollow">Dogecoin Outshines PEPE, WIF and Other Top Meme Coins As Veteran Crypto Analyst Predicts DOGE to Hit $1</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin Outshines PEPE, WIF and Other Top Meme Coins As Veteran Crypto Analyst Predicts DOGE to Hit $1

Table of Contents

CaptainAltcoin

Other articles published on May 5, 2024

6 Best Altcoins to Invest in Now May 5 – Chainlink, Avalanche, Sei, Arweave

Bitcoin (BTC) ETF by Grayscale Attracts $63M, Breaking Previous Withdrawal Trends

Leading Analyst Predicts Breakout for Stellar Altcoin (XLM), Provides Updates on Bitcoin (BTC) an...

Crypto Scandal: Dutch Officials Nab Suspect in ZKasino Scam Involving Cryptocurrency

Bitcoin (BTC) Set to Skyrocket by 1,500% Predicts On-Chain Expert Willy Woo: A Detailed Timeline

Trending Crypto Price Prediction For May

Join our free newsletter for daily crypto updates!