Dogecoin Price Confirming Final Retest, Here Are The Levels To Watch For A Bullish Breakout
Crypto analyst Basic Trading has revealed that the Dogecoin price is confirming a final retest before a potential move to the upside. In line with this, he revealed price levels to watch for as DOGE eyes a bullish breakout.
Levels To Watch For As Dogecoin Price Confirms Final Retest
In a TradingView post, Basic Trading highlighted $0.2, $0.5, and $5 as the levels to watch out for as the Dogecoin price confirms a final retest. This came as the analyst noted that market participants are about to witness a textbook ‘break and retest’ for Dogecoin. Alluding to the monthly chart, the analyst said that DOGE is obviously in an upward trend despite recent corrections.
Basic Trading also remarked that the Dogecoin price has seen the expected correction of about 50% following its textbook retest of the previous all-time high about three months ago. The analyst is confident that the foremost meme coin is about to confirm the bullish break and retest, which would eventually lead to a parabolic rally and new highs.
He predicts that DOGE will witness significant buy pressure, pushing the Dogecoin price to its current local high of around $0.5. This potential breakout would pave the way for a rally to a new ATH. Basic Trading believes that the foremost meme coin can rally to as high as $5 because of its performance in previous cycles.
The analyst noted that the Dogecoin price enjoyed an 8,000% gain in the 2017 bull cycle and a 50,000% in the 2021 cycle. As such, he believes the $5 price level is a conservative target for DOGE in this bull run. Crypto analyst Dima Potts also recently predicted that Dogecoin could reach $10 in this cycle as it is mirroring a similar pattern from the 2017 bull cycle.
$3 Remains A Strong Possibility For DOGE
In an X post, crypto analyst Ali Martinez revealed how the Dogecoin price could rally to as high as $3 in this market cycle. He noted that the most critical support zone for DOGE is between $0.19 and $0.16. According to him, if this level holds, the $3 target remains a strong possibility for the foremost meme coin.
Crypto analyst Trader Tardigrade also provided a bullish outlook for the Dogecoin price. In an X post, he stated that DOGE’s macro chart is showing a similar price pattern. The analyst remarked that if it mirrors the 2017 moves, DOGE could soon experience another massive surge. His accompanying chart showed that the meme coin could reach $1.7 when this massive surge happens.
At the time of writing, the Dogecoin price is trading at around $0.25, down in the last 24 hours, according to data from CoinMarketCap
$DOGE
**Will Pi Be the Next Wealth Myth? Analyzing Its Future Market Potential**
$PI cryptocurrency landscape is no stranger to tales of overnight fortunes, from Bitcoin’s meteoric rise to Dogecoin’s meme-fueled rally. Amid this backdrop, **$PI Network**—a mobile-minable cryptocurrency still in its development phase—has sparked curiosity and debate. Could Pi become the next "wealth myth," or is its potential overstated? Let’s explore its unique value proposition, challenges, and what the future might hold.
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### **Understanding $PI Network: A Disruptive Concept**
$PI Network differentiates itself by enabling users to mine tokens directly from their smartphones without draining battery life or requiring specialized hardware. Launched in 2019 by Stanford graduates, the project emphasizes accessibility, aiming to bring crypto mining to the masses. With over 47 million engaged “Pioneers” (as its users are called), Pi has built a grassroots community. However, its tokens are not yet trade on public exchanges, as the network remains in its enclosed *Mainnet* phase.
This exclusivity has fueled speculation. Supporters argue that Pi’s scarcity post-launch could mirror Bitcoin’s early days, where early adopters reaped exponential rewards. Critics, however, caution that Pi’s success hinges on overcoming significant hurdles.
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### **The Case for $PI as a "Wealth Myth"**
1. **Mass Adoption Potential**:
$PI ’s low barrier to entry—any smartphone user can mine it—positions it as a candidate for widespread adoption. If the network transitions smoothly to an open Mainnet and gains exchange listings, demand could surge, especially among its existing user base.
2. **Scarcity Narrative**:
Like Bitcoin,$PI has a capped supply (eventually 100 billion tokens, though exact details remain unclear). If adoption outpaces supply, scarcity could drive value.
3. **Community-Driven Momentum**:
$PI ’s loyal community is its strongest asset. Grassroots enthusiasm has historically powered crypto booms (e.g., Shiba Inu), and $PI ’s global user base could replicate this effect.
4. **Utility Ambitions**:
The $PI team promises real-world utility, including decentralized apps (dApps) and a peer-to-peer marketplace. If delivered, these features could elevate Pi beyond speculative hype.
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### **Challenges That Could Derail $PI ’s Ambitions**
1. **Regulatory Uncertainty**:
Governments worldwide are tightening crypto regulations. $PI ’s decentralized structure and lack of clarity around compliance could attract scrutiny, especially if it gains mainstream traction.
2. **Technical Execution**:
Transitioning from a closed to open network is complex. Delays, security flaws, or failed scalability could erode trust.
3. **Market Saturation**:
The crypto market is crowded. Without unique utility, $PI risks becoming “just another coin” in a sea of alternatives.
4. **Speculative Hype vs. Real Value**:
$PI s current valuation is purely theoretical. If the open Mainnet launch fails to meet expectations, the token could plummet, mirroring the fate of failed projects like Bitconnect.
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### **The Verdict: Cautious Optimism**
$PI Network’s future hinges on execution. If the team delivers on its promises—launching a secure, scalable Mainnet and fostering real-world use cases—$PI could carve out a niche in the crypto ecosystem. However, labeling it the “next $BITCOIN ” is premature. Bitcoin’s success was built on first-mover advantage, decentralization, and institutional adoption—factors $PI has yet to replicate.
For investors, $PI represents a high-risk, high-reward gamble. Early adopters might profit if the project gains momentum, but the absence of a live market means volatility is inevitable. Skeptics rightly warn that Pi’s value could remain speculative unless tangible utility emerges.
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### **Final Thoughts**
$PI Network embodies both the promise and peril of cryptocurrency innovation. While its vision of democratized mining is compelling, the road to legitimacy is fraught with challenges. For now, $PI remains a fascinating experiment—one that could either redefine accessibility in crypto or serve as a cautionary tale.
As with any investment, due diligence is key. Monitor $PI ’s progress, scrutinize its developments, and never conflate hype with fundamentals. The crypto world thrives on myths, but lasting wealth is built on substance.
Best New Meme Coins to Join for Long Term: Claim Your 100% Bonus Now as Dogwifhat and Floki
Table of Contents
↔️Dogwifhat – Holding Strong in the Meme Coin Frenzy
↔️Floki Inu – Expanding Its Ecosystem with New Developments
↔️Final Thoughts – The Time to Act Is Now!
✅Dogwifhat – Holding Strong in the Meme Coin Frenzy
Dogwifhat has established itself as a meme coin with a strong and loyal community. Though it faced a tough start to the year, it continues to attract social media buzz, proving that meme coins aren’t just about price action—they’re about culture. The project’s growing engagement has kept it relevant, and while its future price movements remain uncertain, Dogwifhat has demonstrated that it belongs in the crypto conversation.
Floki Inu – Expanding Its Ecosystem with New Developments
Floki Inu has come a long way from being just another dog-themed meme coin. The project has expanded into DeFi, gaming, and even crypto education with its Valhalla metaverse, FlokiFi DeFi products, and the University of Floki initiative. It’s also integrating into the Venus DeFi protocol and launching regulated digital banking accounts, showing its commitment to growth.
While Floki Inu has proven it’s more than just a meme coin, it doesn’t have the immediate presale opportunity that BTFD Coin presents. Its ecosystem growth is impressive, but those looking for big short-term gains should be eyeing BTFD’s bonus offer instead.
✅Final Thoughts – The Time to Act Is Now!
History has shown that the biggest crypto gains come from early investments. Waiting too long means watching others cash out while you’re stuck on the sidelines. Based on market trends and investor sentiment, BTFD Coin is the best new meme coin to join for long term. Its 100% bonus, Bulls Squad community, and staking rewards make it the most rewarding presale in the space right now.