Dogecoin (DOGE) has experienced a notable surge, climbing above the $0.10 mark and now targeting $0.1180. This surge was fueled by bullish sentiment following Elon Musk’s recent legal win.
Despite some recent pullback, DOGE appears poised for an 18% increase. This is bolstered by technical indicators such as the MACD and RSI, pointing to continued upward momentum.
The 4-hour chart reveals robust support at $0.084, with DOGE consolidating between $0.097 and $0.111 after a V-shaped recovery. Although a breakout attempt in mid-August did not succeed, DOGE has risen by 5.53% over the past three days but remains below the 38.20% Fibonacci retracement level at $0.10528.
On-chain data from IntoTheBlock supports a mostly bullish outlook, with 70% of DOGE holders currently in profit and large transactions increasing by 2.43%. These positive metrics have been further strengthened by the boost from Elon Musk’s legal victory, with DOGE gaining 1.72% intraday.
Should DOGE break above the 38.20% Fibonacci level, it could face resistance at $0.111 or $0.1180, indicating a potential 15% upside. However, in the event of a bearish reversal, support levels are seen at $0.097, $0.090, and $0.084.
Shiba Inu (SHIB) Struggles Despite DOGE’s Success
While Dogecoin rallies, Shiba Inu (SHIB), its closest rival, is experiencing bearish sentiment. SHIB’s weekly performance has been lackluster, with an 8% decline, extending to a more substantial 15% drop over the past 30 days.
Despite a remarkable 28,145% increase in its burn rate, largely due to a Coinbase user reactivating after 154 days to burn over 95 million SHIB tokens, Shiba Inu continues to display bearish momentum.
DigiHorse (DIGI) Captures Investor Attention for Long-Term Gains
Amid the fluctuations in DOGE and SHIB, DigiHorse (DIGI) is gaining traction among investors looking for long-term gains. DigiHorse has recorded impressive results in its ongoing presale.
Notably, the first stage sold out two weeks ago, raising over $150,000, while stage two also sold out quickly in less than six days, raising more than $169,022.
Now, the DigiHorse (DIGI) presale is in stage three and has attracted a staggering $404,763 in funding in less than a month.
Participants in the DigiHorse (DIGI) presale stand to reap over 2,150% gains as DIGI is expected to list at $0.075, representing more than a 21-fold return on investment. Analysts are increasingly confident that DigiHorse (DIGI), given its innovative offerings, utility, and upcoming partnerships, could experience explosive growth, potentially reaching $1 by 2025.
This represents an astounding 21,796% ROI, positioning DigiHorse as an attractive option for investors seeking to diversify beyond traditional meme coins like DOGE and SHIB.
With its comprehensive ecosystem, which includes banking, stables, racecourses, and training facilities, DigiHorse (DIGI) offers a unique and sustainable gaming experience that appeals to both players and investors. The platform’s strategy, learning from the successes and challenges of competitors like Zed Run, DeRace, and Crown, ensures a solid foundation for growth and long-term success in the rapidly evolving crypto landscape.
For more details and to participate in the presale, please visit the official links:
Website: www.digihorseempires.io
Socials: https://linktr.ee/digihorseempires
This article is not intended as financial advice. Educational purposes only.
