Dogecoin Maxi DonAlt Posts $1 Price Prediction – Risk On For Meme Coins?

Donalt, a crypto veteran who has been in the industry for many years and has seen past bullish periods, Tweeted To announce yesterday that he has become “Doge Maxi”.

For those unfamiliar with the term, being a “maxi” or maximalist means being an avid supporter and believer in a particular cryptocurrency, often to the exclusion of others.

$1 Dogecoin Price Prediction

Donalt, who boasts over 545,000 influential followers on the X platform (formerly Twitter), was asked about his realistic Dogecoin price target for this month, to which he confidently responded with “$1.”

I have become DOGE Maxi

– DonAlt (@CryptoDonAlt) 4 May 2024

This prediction is especially noteworthy as Dogecoin currently trades around $0.16 after bouncing back from lows of $0.12 during this week’s market crash.

Interestingly, when we look at the data for the last 24 hours, Dogecoin has outperformed other top meme coinsClaiming 7% increase in value.

In contrast, WIF saw a more modest gain of 3%, while SHIB and PEPE prices remained relatively stable over the same period.

DOGE price chart

From a technical perspective, Dogecoin has been trading in a sideways channel for more than two months, fluctuating between $0.12 and $0.22.

The $0.12 level was recently tested and held strong during the market crash, in line with the 200-day moving average, a key technical indicator.

For Dogecoin to continue its upward move, the price needs to decisively break above the $0.22 resistance level, which has rejected the price on a few occasions, most recently in late March.

Adding to the excitement around meme coins, Jacob Burry, a famous YouTube influencer with over 38,000 subscribers, released a video yesterday highlighting the best meme coins to buy now.

acquittal recommendations included dogverse, WienerAIAnd dampnessAll of which are currently in the crypto presale stage and are considered potential.

As the crypto community eagerly awaits the next big move in the meme coin sphere, Donalt’s bold prediction and new status as “Doge Maxi” has added some fuel to the already blazing fire of speculation and excitement.

Whether Dogecoin will actually reach the coveted $1 mark remains to be seen, but the meme coin sector is generating profits again as Bitcoin surges above the $63k zone.

It doesn’t matter whether memes are your favorite or not, crypto traders can potentially add Dogverse, WienerAI, and Sylana to their respective watchlists.

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