Even though Dogecoin almost broke through the key $0.30 resistance following the rate cuts, the meme coin started a steep decline on September 19, back into the $0.26 area.
Yet, since DOGE was riding high on the approval of the first US Dogecoin ETF, analysts’ Dogecoin price prediction is bullish in the short term.
While DOGE has a chance to attract institutional investment and gain legitimacy, many traders are wary of the oldest meme in crypto. Reasons include its high market cap and circulating supply, which reduce the possibility of explosive growth.
Thus, ambitious traders are actually looking into DeepSnitch AI, with some believing it could be the next 100x coin. As an AI project with real utility that also has strong meme potential, the presale already raised $223K during the first stage.
Dogecoin price prediction: Can bulls get DOGE under control?
The first Doge ETF (DOJE) launched on September 18 to a resounding success. The ETF reached almost $6M in volume during the first hour of trading, which is a stark contrast to most ETFs that amass only $1M of volume during their first day.
This fact, combined with a strong momentum after Fed rate cuts, pushed DOGE to around $0.2850 area on the same day, according to CoinMarketCap. On September 19, Dogecoin started a steady decline into the $0.2650 area.
According to analysts, this may indicate the bears are increasing the pressure. According to analysts, another breakout is possible; the price must rebound off this level, which will demonstrate that bulls are buying the minor dip.
If this scenario materializes, DOGE may restore upward momentum for a break above $0.31.
On the other hand, a further dip could be catastrophic for DOGE, as failing under $0.25 (20-day EMA) will open the door to a steeper decline to as low as $0.23. This might be a hard level to break out of, so Dogecoin may end up stuck in the $0.21-$0.29 area.
Either way, DOGE’s relatively slow momentum makes it a subpar choice for traders who are looking for high-potential altcoins that could result in asymmetric earnings during Q4.
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DeepSnitch AI: Could hodlers turn $500 into $50k this bull run?
Having raised $223K in the first stage of its presale, DeepSnitch AI aims to provide traders with AI trading tools.
As a utility-first project, it’s developing a set of five AI agents that analyze raw on-chain data and convert it into actionable analytics in a centralized dashboard. For instance, traders will be able to track whale wallets, scan contract risks and tokens, discover alpha news, and find specific on-chain data.
This approach in itself is special, as it’s a solution that can be used by a diverse audience in their daily trading, helping spark a wider demand. The demand may accelerate adoption, which will in turn ensure the project’s success.
In addition to utility, DeepSnitch AI also flirts heavily with the meme coin market. By reserving 30% of the token supply for marketing (common in the meme sector), the project will be able to build more hype and awareness.
The native token, DSNT, is currently priced at $0.01667. This affordable entry point could provide a higher upside potential than established coins with excessive supplies and market caps. In other words, if DSNT manages to reach $1 (which isn’t all uncommon for AI projects), traders could bag $60K on a measly $1000 investment.
Community members are rushing to join the DeepSnitch AI presale, as getting in early may help preserve the upside, as the price of the token is set to increase.
Cardano: Will ADA recover in September?
Cardano experienced a small rally after the Fed rate cuts were announced, climbing to as high as $0.9045. Yet, ADA started a steep decline below $0.9 on September 19, according to CoinMarketCap.
It may not be over for Cardano, though. ADA could gain extra momentum soon after the Cardano ETF application gets approved, which is likely to happen, according to Bloomberg.
Analysts believe that ADA might break out toward $1.25 if the price closes above $0.925.
Naturally, the short-term price movements will ultimately depend on external factors, but the long-term prospect for ADA is still overwhelmingly bullish.
Pepe: Does PEPE have a fighting chance?
Similar to other crypto assets, PEPE experienced a small rally as bullish sentiment took hold after the Fed rate cuts, with the price steeply declining toward $0.00001074 on September 19, according to CoinMarketCap.
Analysts have recognized the $0.000015 level as a critical point, claiming that if bulls overcome this threshold, PEPE will break out toward the $0.000028 resistance level.
Although it represents a 300% increase from current levels, analysts believe that PEPE could reach $0.00005.
However, further dips could crash PEPE’s momentum, triggering a test of the support, which could result in a steep decline and the coin falling to $0.0000055.
Conclusion: Preparing for a rally
Although the market is struggling right now, there’s a high possibility that the bullish momentum will make a full bullish swing in Q4.
While the Dogecoin price prediction sees it reaching new heights, the original meme coin’s total supply and market cap may stop it from exploding. As such, ambitious traders who are looking to capitalize on the anticipated Q4 rally may be better off trying their luck with a presale project.
DeepSnitch AI is not only affordable at $0.01667, but its utility solves a known issue in crypto trading, meaning it could eventually gain mass acceptance.
Many investors are showing up heavily for the presale that has already amassed $223K, ready to support a valuable project and reserve a low-entry point for a chance at a high upside.
Participate in the presale at the DeepSnitch AI website.
FAQs
- What is the latest Dogecoin price prediction?
Analysts suggest DOGE could rebound above $0.31 if bulls hold support near $0.25, but a dip below that may trigger a decline toward $0.23.
- Why are traders looking beyond Dogecoin?
Despite Dogecoin’s ETF launch, its high supply and market cap limit explosive upside. Traders seeking higher growth potential are exploring presale projects like DeepSnitch AI.
- What makes DeepSnitch AI attractive compared to Dogecoin?
DeepSnitch AI combines meme potential with AI-powered crypto trading tools. Priced at $0.01667, its presale has already raised $223K, offering early investors a low entry with high upside potential.
