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

Dogecoin has seen slow price action in recent weeks, with the DOGE price trading around the $0.15 to $0.16 area. Many coin investors, including me, are wondering when the king will start pumping again.

A popular crypto analyst made a bold DOGE price prediction, so let’s get to it.

Dogecoin Price Prediction – Will DOGE Hit $1?

Crypto veteran WIZZ, one of the most popular crypto influencers in the world with 700,000 followers on X (formerly Twitter), today made a bold Dogecoin price prediction that the price would hit $1. He added: “The richest men on the planet will send this harsh message in my opinion,” probably thinking of Elon Musk. Musk has always spoken positively about Dogecoin, which has affected the price of DOGE in the past.

Before reaching $1, DOGE price must first surpass 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 in a side channel for months now, between $0.12. and $0.22 (rejected here at the end of 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 resistance and support levels. In this pattern, the asset’s price is confined within these two levels, creating a rectangular shape on the chart. The resistance level acts as a ceiling, preventing the price from continuing to rise, 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 zone. Additionally, the MACD line is below the MACD signal line, indicating a potential downtrend.

DOGE just isn’t on the upswing at the moment, so reaching $1 would be a challenge in the coming weeks. PEPE, along with other popular coins, has taken center stage. PEPE price actually broke its all-time high several times in May.

However, the price of DOGE will likely rise, but Elon Musk may need to “step in” and provide positive news or support for the larger coin.

Will the next coin explode?

Conor Kennya popular crypto YouTuber with almost 200,000 subscribers, posted a positive video on WienerAI as one of the best meme pieces to buy right now.

WienerAI is described as being part dog, part sausage and part AI trading robot, aiming to provide both entertainment and utility. It offers AI-enhanced trading, predictive features, and fee-free trading on a decentralized exchange.

WienerAI is in its pre-sale 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. Over $3.2 million has been raised so far in pre-sales with the cap set at around $13 million, so we’re still ahead.

This project offers decent tokenomics since the distribution is 30% presale, 20% staking, 20% community rewards, 10% liquidity, and 20% marketing. WienerAI’s roadmap includes plans for a contract audit, pre-sales launch, marketing campaigns and the eventual launch of the AI ​​trading robot. Overall, this could potentially be the next coin to watch. You can buy $WAI tokens only on the official presale websiteuntil launch.

Conclusion

To summarize, while Dogecoin price is currently struggling, analysts like WIZZ have made bold predictions that DOGE will hit $1, which would require a sharp price rise 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 mix of entertainment and utility features and a (so far) successful pre-sale.

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