Analyst bullish on Dogecoin, traders back Meme Kombat’s MK token
Release: 2023/12/12 21:59 Reading: 228
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A trader believes that Dogecoin (DOGE) has shaken off its main price hurdles and could edge higher in the coming sessions. Meanwhile, market analysts are bullish on Meme Kombat after the project raised over $2.8 million in presale.
Dogecoin finds support at $0.095
Trader Ali Martinez predicts that Dogecoin is primed to rally, provided it remains above $0.095.
According to the analyst, whales were buying DOGE at this price, indicating it is a key level of interest that will act as robust support.
Martinez took to X to tell his 34,000 followers that he is bullish on DOGE at its current price.
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The trader then displayed a chart visualizing the trading volume at each price level, showing that $0.095 is the largest.
However, Martinez is also aware of a potential imminent bear case for Dogecoin, given the ongoing market volatility.
In another tweet, he highlighted DOGE’s range resistance at $0.11, which it has rejected several times.
The analyst also notes the TD Sequential indicator displays a sell signal but remains bullish on Dogecoin if it breaks above $0.11.
At the time of writing this, Dogecoin is trading at $0.95, having rejected the range resistance but is still holding above the key support zone that Martinez pointed out.
As such, the trader’s prediction is currently holding strong, an optimistic sign for Dogecoin’s next move.
Another meme coin that’s also bullish is Meme Kombat.
The presale is in progress, raising over $2.8 million.
Meme Kombat raises over $2.8 million in presale
Two of crypto’s top trending narratives are gaming and casino.
Meme Kombat is a new project that incorporates both while adding a meme coin spin.
It features an AI-powered battle arena where users can watch and gamble on fights between meme coin characters.
Players wager with the platform’s native token, MK, providing a demand stream that translates to long-term potential.
You might also like: Meme Kombat launches public token presale, staking platform
Moreover, the platform is feature-packed, offering different game modes, rewards, characters, and much more.
Moreover, the project is secure and the team is publicly know. Meme Kombat’s smart contracts has been audited, providing a layer of transparency uncommon in other meme coin projects.
Its blend of utility, trending crypto narratives, and robust security could explain rising investor interest. As of mid-December, Meme Kombat had raised over $2.8 million in the presale.
Analyst Jacob Bury speculates that Meme Kombat could rise in the future, dubbing it the “Next Pepe coin.”
Meanwhile, renowned YouTuber TheDailyMemeCoin is also bullish on the token’s prospects.
MK is available for $0.246 in the current presale stage.
Read more: GORILLA tanks 30%, meme coin investors considering MK
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