This Analyst Has a Shocking Dogecoin Price Prediction – Next Meme Coin to Explode?

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

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

Dogecoin Price Prediction – Will DOGE Reach $1?

Crypto veteran WIZZ, one of the world’s most popular crypto influencers with 700k followers on X (formerly Twitter), today made a bold Dogecoin price prediction that the price will reach $1. He added: “ The richest men on the planet will send this difficult imo”, 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 needs to 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 has been trading within a sideways channel for months, between US$0.12 and US$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 levels of resistance and support. In this pattern, the asset’s price is confined to 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 downtrend.

DOGE simply doesn’t have momentum right now, so reaching $1 would be a challenge in the coming weeks. PEPE, along with some other popular meme coins, rose to prominence. PEPE price actually broke its all-time high several times in May.

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

Will the next meme coin explode?

Conor Kennya popular crypto YouTuber with nearly 200k subscribers, posted a positive video about WienerAI as one of the best meme coins to buy right now.

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

WienerAI is in the 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-sale, with the hard cap set at around $13 million, so we’re still early.

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

Conclusion

In short, although the price of Dogecoin is currently struggling, analysts like WIZZ have made bold predictions for DOGE to reach $1, which would require a large price increase from current levels. However, the DOGE chart and technical indicators suggest that such a recovery may not happen in the coming weeks.

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

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