The Dogecoin price has dipped slightly in the past 24 hours to $0.161, but technical signals hint at a major breakout brewing beneath the surface.
Despite a 15% drop over the past month and what appears to be a bear flag, DOGE is approaching the end of a long-term wedge pattern—one that historically precedes explosive upside moves.
Indeed, despite short-term volatility, the long-term Dogecoin price prediction continues to look good, given the coin’s strong community and its recurring support from entrepreneur Elon Musk.
Dogecoin Price Prediction – Bearish Price Action Could Set Stage for Massive Breakout to $0.65
Dogecoin (DOGE) continues to coil within a descending wedge formation, historically a bullish pattern that often precedes sharp upside breakouts.
The meme coin is currently trading at $0.159, hovering just above key structural support near $0.150, a level that has held firm throughout June.
The price action shows converging trendlines forming a classic wedge setup, with multiple failed breakdowns hinting at exhaustion among sellers.
Meanwhile, DOGE’s RSI is gradually recovering from oversold levels, recently reclaiming the 40 mark, while MACD momentum flattens—both indicators suggesting a shift in momentum may be underway.
If Dogecoin can close decisively above the upper trendline of the wedge, it could trigger a strong rally toward $0.30, with longer-term targets between $0.48 and $0.65 in play.
With DOGE still down 78% from its all-time high of $0.7316, the technical setup could offer one of the most asymmetric upside opportunities on the meme coin radar.
TOKEN6900 Launches Presale: The Next 100x Meme Coin?
If Dogecoin seems too unconvincing at the moment, there are alternatives to consider, including several new meme tokens that are currently holding their presales.
One of the newest examples of this is TOKEN6900 ($T6900), an ERC-20 token that launched its ICO yesterday.
TOKEN6900 takes its lead from fellow Ethereum-based coin SPX6900, which has stormed the market in recent weeks, although is down by 8.5% in the past 24 hours.
The newer token is aiming to one-up its older rival, with the coin having a max supply of 930,993,091 T6900, which is exactly one more token than SPX6900 had at the time TOKEN6900’s sale went live.
As with SPX6900, it’s a ‘pure’ meme coin that is trading on nostalgia for the dot-com bubble of 2000, with its website having a retro, late 90s vibe.
In contrast to certain other meme coins that also strive to provide some kind of utility, TOKEN6900 has already declared that it has no fundamentals, with its value stemming from “Delusion, Irony, And The Collective Hallucination Of Terminally Online Traders.”
As such, the coin will be fully at the mercy of the market, with its price resting on it building a strong community of supporters.
That said, holders will be able to stake the Ethereum-based token, earning themselves a steady supply of new T6900 coins.
Investors can buy the coin by going to the TOKEN6900 website, where it currently costs $0.0064.
This price will rise repeatedly during the sale’s duration, with the coin set to list at $0.00712500.
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