Dogecoin is the meme coin that started it all. Yet, it fails to withstand competition, especially during market downturns.
The meme coin that once sparked widespread curiosity is now on a decline. DOGE has lost 20% of its value over the last thirty days alone. Even as its performance looks greener on the daily chart, the long-term picture looks bleak.
DOGE Drops Below Key Support
DOGE has slipped below a key ascending support line it had been holding since 2022. The downtrend could prove to be fatal for DOGE, pulling it down to $0.060. The token is currently selling just above $0.15.
In a recent tweet, @ali_charts warns that Dogecoin has broken below a key support level it had maintained since June 2022. The descending parallel channel pattern is disconcerting.
Ali Martinez highlights that Dogecoin (DOGE) has fallen below a significant support level, specifically the 0.786 Fibonacci retracement level. It falls approximately at $0.16395.
Although this level had previously acted as a strong support, its breach paints a less optimistic outlook for DOGE.
The breakdown could take the DOGE price to as low as $0.055, marking a potential 60% decline from current levels.
What’s Next for the Dogecoin Price?
Dogecoin has made several efforts to reclaim its highs from the 2021 bull run. But it has mostly stayed in the $0.07–$0.20 range over the past two years. In fact, the token is selling close to 80% down from its all-time high.
Although DOGE pushed past $0.20 earlier this year, it has been unable to maintain the momentum. If the bear market persists, a deeper correction could be on the horizon.
Meanwhile, new meme coins are stealing the spotlight. A good example is MIND of Pepe, which is on its way to smash the $8 million milestone despite the broader market downtrend.
Although the project taps into the cultural impact of the iconic Pepe meme, it has more to it than meets the eye. According to top crypto analyst ClayBro, who boasts over 136,000 subscribers on YouTube, MIND of Pepe could lead the crypto market rebound.
More Than Just Another Copy-paste Coin
MIND of Pepe is a new AI meme coin that’s all the rage now. As Artificial intelligence (AI) becomes ubiquitous with tools like ChatGPT, Midjourney, and Copilot, industries are eagerly integrating AI into their operations.
Mind of Pepe is an ERC-20 token built on the Ethereum blockchain. The autonomous AI agent makes real-time market analysis accessible to its token-gated community members.
With the help of hive-mind technology, MIND scans the internet extensively. This helps it spot emerging trends before they enter the mainstream.
If the project unfolds as planned, it could unlock exclusive opportunities for MIND holders, explaining the growing interest in the presale.
It brings a more meaningful narrative into the meme coin market that has long relied on pet memes and fleeting trends. MIND’s focus is on the “mind” and the dynamic movement of the crypto community itself.
The project is designed to empower crypto investors with advanced tools for smarter decision-making at affordable costs. With a growing community, red-hot presale, and strong tech-backing, MIND of Pepe becomes the lifeline for meme coin traders during the tough time while DOGE stumbles.
Raining Rewards for Early Backers
Mind of Pepe’s staking mechanism has also won the attention of the crypto community despite the downturn.
Token holders can stake their $MIND tokens to earn passive rewards, with current Annual Percentage Yields (APYs) reaching up to 250%.
The passive reward approach promotes long-term engagement. At the same time, it discourages short-term speculation. That, in turn, has the potential to support price stabilization.
The MIND tokenomics is also strategically designed, with 25% of the total supply set aside for the development of the AI agent, 30% for project growth, 20% for marketing, and 15% reserved for rewards.
What is Next for $MIND?
The MIND presale is now active. It supports purchases using both cryptocurrencies and fiat cards, lowering the entry barrier for diverse investors.
The presale numbers, which just crossed $7.8 million, reflect strong early demand. Now selling for just $0.0036965, the token follows an incrementally rising pricing structure. In other words, the earlier an investor joins the presale, the lower the price. In addition, early investors are eligible for higher staking reward rates.
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