Recent macroeconomic data and Donald Trump’s new sweeping tariffs have resulted in a sharp sell-off in the crypto market. Following Friday’s poor US jobs report, the Bitcoin price fell below $113,000, with altcoins faring even worse.
The top meme token Dogecoin is facing strong selling pressure as well. The DOGE price fell below the key $0.20 support level on Friday and is now down by over 30% over the past two weeks.
Dogecoin technical analysis suggests that it could face more downside volatility in the coming days, potentially retesting the $0.17 and $0.15 support levels, and smart money investors have already pivoted to safer alternatives.
While some have chosen stablecoins, others are investing in presale coins, considering they aren’t affected by short-term volatility.
For instance, the new Maxi Doge token is in high demand, raising over $200k within the first two days of its viral presale. A lower-cap alternative to DOGE, it has caught the attention of prominent analysts who are already calling it the next 100x crypto.
Dogecoin Price Prediction: When To Buy The Dip In DOGE?
It isn’t Dogecoin season just yet. After a strong July that saw its price surge to $0.287, DOGE price corrected by more than 30% to close the month at $0.209. Furthermore, it is off to a bad start in August, already down by nearly 5% and trading at $0.199 at press time.
While the crypto market is down across the board, Dogecoin’s losses are standing out as particularly steep. The DOGE/BTC and DOGE/ETH trading pairs are down by 13% and 9% over the past week, respectively.
A deeper technical analysis suggests that the meme coin market leader could face continued downside volatility in the coming days. The Dogecoin price closed its daily candle on Friday below the key psychological support level of $0.20. Moreover, its daily RSI is now down to 41 and headed lower.
Most notably, Dogecoin’s MACD (12,26) has formed a death cross, as the 12-day EMA has fallen below the 26-day EMA, a classic bearish signal.
DOGE doesn’t have much support until the key $0.17 level. In a more bearish scenario, it could retest its macro ascending trendline, which would fall somewhere between the $0.15 and $0.16 levels.
With the macroeconomic outlook largely uncertain, sidelined investors should wait for better buying opportunities at the aforementioned support levels. On the contrary, a weekly close above the $0.23 resistance could result in a strong bullish continuation, though this scenario looks unlikely at present.
Smart Money Pivots to Maxi Doge, Experts Call it the Next 100x Crypto
Presale cryptos are offered at a fixed price and are unaffected by the broader market uncertainty. As a result, they tend to be good investments during market-wide sell-offs.
The new Maxi Doge token is quickly gaining traction as one such low-cap, high-upside investment. It has already raised over $200k in its viral ICO in just a couple of days.
Maxi Doge (MAXI) is a levelled-up version of Dogecoin – a jacked, 1000x-leverage-trading Doge chasing max gains both in the gym and on the charts.
It’s a satirical yet spot-on portrayal of a true crypto degen. In the very first image on the project site, Maxi Doge appears shredded, clutching a Red Bull, eyes bloodshot, clearly deep into the “no sleep season” of a raging bull market.
On his desk, a screen flashes the all-important question, “How to retire at 22?” The answer: green candles and 1000× leverage.
MAXI’s strong early demand isn’t a fluke. It is designed to be relatable to crypto degens and meme coin traders and to make them laugh. Such meme coins tend to see much greater success than the ones deceptively trying to push their useless utility.
Besides, Maxi Doge has strong fundamentals, including community-centric tokenomics, audited smart contracts and a native staking protocol that is currently offering a 1100% reward rate.
Unsurprisingly, prominent analysts and crypto influencers are bullish on MAXI’s upside potential, with some even calling it the next 100x crypto.
This article is not intended as financial advice. Educational purposes only.
