Should we sell DOGE as Google Trends data indicates a decline in Dogecoin’s price prediction as a meme coin?
This is an article discussing the potential downfall of Dogecoin (DOGE) in the midst of a decline in interest in meme coins. The article refers to the recent explosive growth of meme coins such as Pepe coin (PEPE), Spongebob token ($SPONGE), and Copium token ($COPIUM), but notes that interest in meme coins is now declining, as evidenced by a drop in Google searches. The article then turns its attention to DOGE, which has experienced a 25% slide over the past 37 days. DOGE is trading at $0.07 at the time of writing, and the article notes that it appears to be fatigued and vulnerable to downside risk. The article describes a death cross pattern that could spell disaster for DOGE and suggests that a pump for the coin is unlikely due to the decline in interest in meme coins. The article concludes that the outlook for DOGE is bleak in the short-term.
Therefore, Dogecoin has an upside target just above the MA20 (which represents a flip of resistance to support) at $0.075 (a possible increase of +5.78%).
However, there could be significant downside risk, with a fall to a lower historic price level at $0.65 likely on the cards (a potential decrease of -8.32%).
This leaves the Dogecoin price prediction with a bad risk: reward ratio of 0.69, which is a characteristic bad entry – worsened by a fleeting memecoin narrative.
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Positioning Memecoin Profits for Future Success with the Wall Street Memes Presale
While we are focused on the short-term price movements of Dogecoin, it is wise to think ahead and make forward-thinking moves to safeguard our future profits in the meme coin space.
You may ask, how can we future-proof these profits? Enter Wall Street Memes presale.
Coined to be the next big meme coin, similar to giants like Dogecoin, Pepecoin, and Shiba Inu, the $WSM token carries a unique blend of internet trend and financial acumen.
In a flash, the presale has managed to raise over $130,897 with a final goal of $500,000.
With a next-stage token price set at $0.0253, the presale is poised for an imminent surge in price.
The group behind Wall Street Memes has been behind previous successful ventures, namely the Wall Street Bulls NFT collection, which sold out in 32 minutes, raising a staggering $2.5 million.
Secure Your Memecoin Profits: Seize the Wall Street Memes Presale Opportunity
Just like Dogecoin, the Wall Street Memes token ($WSM) carries the potential to rewrite the rules of the memecoin world.
With an emerging strong community and an ambitious roadmap, there is no denying the potential of this digital asset.
The project is already creating ripples, having sold $100,000 worth of tokens in minutes after its announcement.
As a future-proofing strategy, consider the Wall Street Memes presale as a golden opportunity to diversify your portfolio.
Imagine a memecoin with the virality of Dogecoin, the investor community of WallStreetBets, and the potential to achieve 10x gains that analysts predict for Wall Street Memes token when it lists on exchanges.
Blockchain analysts predict that the $WSM token could potentially be listed on tier 1 crypto exchanges like Binance.
It aims to be the “King of Memes” and has been designed to drive a powerful synergy of meme culture and financial prowess.
The presale presents an opportunity to diversify your investments into an asset poised for growth, a prescient move to insulate your profits from inbound market volatility ahead of 2024.
Therefore, while Dogecoin heads south, the Wall Street Memes presale provides an intriguing narrative for those still interested in the memecoin space.
Buy $WSM Here
Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.