This Analyst Has a Shocking Dogecoin Price Prediction: Will the Next Meme Coin Explode?

Dogecoin has seen slow price action in recent weeks, with the DOGE price trading in the $0.15-$0.16 area. Many meme coin investors, myself included, are wondering when the king will start pumping again.

A very popular crypto analyst made a bold DOGE price prediction, so let’s dive in.

Dogecoin Price Prediction: Will DOGE Reach $1?

Crypto veteran WIZZ, one of the most popular cryptocurrency influencers globally with 700,000 followers on richest men on the planet will send this tough imo,” probably thinking of Elon Musk. Musk has always spoken positively about Dogecoin, which has influenced the price of DOGE in the past.

Before reaching $1, DOGE price must first break its previous all-time high of around $0.7 set in 2021. I analyzed the DOGE/USD chart and we can see that DOGE is trading inside a sideways channel now for months, between $0.12. and $0.22 (rejected here in late March).

For context, a sideways channel, also known as a horizontal channel or trading range, is a technical analysis pattern in which the price of an asset fluctuates between two parallel horizontal levels of resistance and support. In this pattern, the price of the asset is confined within these two levels, creating a rectangular shape on the chart. The resistance level acts as a ceiling, preventing the price from rising further, while the support level acts as a floor, preventing the price from falling below it.

Source: TradingView/Doge/USD chart

Some technical indicators are also worrying. The Relative Strength Index (RSI) is now in the 45-50 range, which is a neutral area. Furthermore, the MACD line is below the MACD signal line, indicating a potential bearish trend.

DOGE simply doesn’t have the momentum right now, so reaching $1 would be difficult in the coming weeks. PEPE, along with other popular meme coins, has taken center stage. The price of PEPE has actually surpassed its all-time high several times in May.

However, DOGE price will likely come, but Elon Musk may have to “step in” and provide some positive news or support for the biggest meme coin.

Next meme coin to explode?

Conor Kennya popular cryptocurrency YouTuber with nearly 200,000 subscribers, posted a positive video on Wiener AI as one of the best meme coins to buy right now.

WienerAI is described as part dog, part sausage, and part AI trading robot, aiming to provide both entertainment and utility. It offers AI-powered trading, predictive features, and zero-commission transactions on a decentralized exchange.

WienerAI is in the presale phase, where 30% of its 69 billion tokens are available. Users can stake tokens to earn rewards, with a current reward rate of 318% per year. So far, over $3.2 million has been raised in pre-sales with the cap set at around $13 million, so we’re still early.

This project offers a decent tokenomic as the distribution is 30% pre-sale, 20% staking, 20% community rewards, 10% liquidity, and 20% marketing. WienerAI’s roadmap includes plans for contract verification, pre-sale launch, marketing campaigns and the eventual launch of the AI ​​trading bot. All in all, this could potentially be the next meme coin to keep an eye on. You can Purchase $WAI tokens only from the official pre-sale siteuntil launch.

Conclusion

To summarize, while Dogecoin price is currently struggling, analysts like WIZZ have made bold predictions for DOGE to reach $1, which would require a large price pump from current levels. However, the DOGE chart and technical indicators suggest that such a rally may not occur in the coming weeks.

Meanwhile, other meme coins like WienerAI are becoming an interesting topic, with its combination of entertainment and utility features and a successful (so far) pre-sale.

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