Dogecoin (DOGE), the leading memcoin, fell below $0.43, its weekly high. It is hovering below the $0.4 support level, with the bulls struggling. However, Dogecoin price trading above the 30-SMA and 100-EMA indicates a return, which places it among the altcoins to watch.
The decline in interest and momentum in Dogecoin (DOGE) could be partly related to Trump’s launch over the weekend – the US president’s own memecoin. However, with a more balanced liquidity flow, there is a potential bounce, making DOGE the best cryptocurrency to invest in at the current price.
Meanwhile, one of the leading analysts, AtlasTrades, sees the leading memcoin trading between $2.5 and $3.0 this cycle as “reasonable.” CryptoWizardd, another analyst and trader, is targeting $1.4 while not ruling out higher rises. However, with little room to run, Dogecoin may not be as attractive as IntelMarkets (INTL) – a low-cap gem with amazing upside potential.