The Dogecoin price, together with the rest of the crypto market, has gone through a turbulent period. Partly due to disappointing economic news in the past three weeks, the price fluctuated around €0.30. Fortunately, the tide seems to be slowly turning. Yesterday, more favorable economic news emerged from the United States. At the same time, traders also seem to pick up bullish signals through technical analysis.
Macroeconomic factors
Macroeconomic factors have negatively affected the Dogecoin price in recent weeks. A lack of predicted interest rate cuts from the American FED played a role in this. In addition, a report came out last week showing that the job market in the United States also seems a bit too strong at the moment. All this would encourage inflation, which in turn is bad for the crypto market.
Yesterday was therefore an exciting day. However, when the Core Price Index (CPI) figures were announced, they were more favorable than expected. The CPI is a statistic used in the United States to measure inflation. Analysts had expected this figure to be 3% compared to last year. However, this turned out to be 2.9%. A small difference, but significant from an economic point of view.
The short-lived rally we saw yesterday from €0.34 to €0.37 was a direct result of this. If inflation continues to decline in the coming months, interest rate cuts will also follow quickly. That is extremely bullish for the crypto market and the Dogecoin price.
Technical analysis of the Dogecoin price
In addition to favorable macroeconomic factors, traders are currently also spotting promising technical signals. Crypto analyst “CobraVanguard” posted his analysis of the 4-hour time frame on TradingView yesterday. As you can see below, it concerns an ascending triangle and a cup & handle pattern. Both signals are known in the world of technical analysis as strong bullish signals.
Furthermore, it is bullish that the price has tested the rising lower limit a few times, but has not broken through.
This analyst’s expectation is that Dogecoin will completely complete the cup & handle pattern. After that, the Dogecoin price will probably break through the price level of €0.40 and rise to €0.47
Dogecoin the cup & handle pattern – Source Tradingview
Which coins are on a breakout?
The fact that inflation in the United States is slowly falling back to the target level of 2% is extremely bullish. The next question traders naturally have is how they can benefit from this. The intended increase that the Dogecoin price will experience in the near future is small compared to what is possible in the crypto world.
To find the most promising crypto, it is advisable to keep an eye on the world of crypto presales. Here you will find the latest coins that are not yet available on decentralized exchanges. This means that if you are quick and choose the right coin, the return can be hundreds or thousands of percent. Below are the three most popular presales at the moment!
Wall Street Pepe
One of the first coins we should discuss is Wall Street Pepe. $WEPE, as the coin is also called, breaks all records. The presale has already raised almost €50 million! But why should you invest in this coin as a trader? Because at $WEPE they do everything they can to make you rich!
The developers of this coin hate crypto whales and insiders who usually run off with the crypto loot. That’s why they came up with a way to let small traders benefit from their work. As an early adapter of $WEPE you get access to a secret community.
In this community, the developers tell you exactly when to buy $WEPE. They then market the coin to the outside world and the price rises because crypto whales and insiders buy. That is the moment when you sell the coin for a profit, while the big traders lose more and more money! So if you want to be part of this cunning group, the presale is your chance!
Now to Wall Street Pepe
Mind Of Pepe
The changes that AI has created in the past year are enormous. Yet the use of AI in the crypto world has not yet been as life-changing as hoped. Fortunately, Mind Of Pepe changes that! This AI bot is omniscient, which means that it is always aware of the latest trends in the crypto world.
How does $MIND know what’s going on in the crypto world? Because the AI bot has access to its own X account and talks to crypto influencers and traders 24/7. Based on these insights, the bot is able to spot crypto trends before they are spotted by human traders. This way you are the first to have insight into the latest trends and you can quickly respond to them and earn a lot of money with it.
But that’s not all, this advanced AI bot is also able to develop coins that respond to the trends spotted. As a $MIND trader, you will then be the first to invest in these new coins. Later you sell the coins again when slower traders spot the trends that you have been aware of for a long time! With this AI bot you have a market researcher and a crypto developer in one.
Now to Mind Of Pepe
Meme Index
Did you know that meme coins were the coins that grew the fastest last year? At the beginning of 2024, the meme coin market had a market capitalization of €18 billion. One year later and the size of this market has grown to €115 billion! This means that as a trader you can probably make a lot of money in this sector this year.
But how do you find out which meme coins you should invest in? After all, it is often only a small number of coins that do well. At Meme Index they understand this problem and have decided that it is smarter if you don’t have to choose at all! Instead, they have developed indexes that allow you to invest in a basket of meme coins in one go.
When you buy $MEMEX you then choose from one of the four indexes. For example, Titan, an index that includes $PEPE, $SHIB, and $DOGE. If these coins do well, your investment will do well too. However, if a coin performs less well, the risk of your investment is well spread. This way you can take full advantage of the growth of the meme coin market without having sleepless nights!
Now to Meme Index
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