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Cryptocurrency markets often attract new investors to assets with high volatility. Typically, these entries occur during the heated days of bull markets, making meme coins with their quick rallies more attractive. But what does the current landscape indicate for the largest meme coins by market value?
Dogecoin (DOGE)
DOGE was critical to maintain closures above $0.2, and its strong stance continues. We have now clearly seen a reversal of the long-term downward trend. Moreover, the price has reached levels not seen since the beginning of 2022. We also mentioned today that the massive demand in futures is running towards an open interest record.
So, what levels might DOGE investors see in April? If it surpasses $0.23 and turns it into support, $0.27 and $0.3 could be tested. Even higher, there is $0.35, and beyond that, we need to focus on the prices during the SNL Show days. While $1 is not an impossible threshold for DOGE price, it has not yet reached this historic turning point. Perhaps in this cycle, DOGE bulls can overcome this barrier.
SHIB Price Prediction
SHIB, the second-largest meme coin by market value, is trading at $0.000030 at the time of writing. The conversion of $0.000028 into support is positive for those expecting the rally to continue and focusing on medium-term targets. In a potential rise scenario, after $0.0000349, the peak of $0.0000443 could be targeted again.
For the ongoing rise targeting the all-time high (ATH) to reverse, we would need to see weekly closures below $0.00002427. For now, Shibarium has not yet provided the expected support. Although investors are eager for a new rally, most meme coins that have not created their own ecosystem have performed better than Shiba Inu.
WIF Coin Price Prediction
The Solana-based meme coin continues to push its all-time high (ATH) levels higher every day. Today, the price of WIF Coin climbed up to $4.86 and according to Hayes, it could rise to $10. Currently, profit-taking from the peak has started, and a selling candle equal to the rising candle is forming. Since similar movements have been followed by quick recoveries after minor corrections in the past, investors remain hopeful even at this hour.
If the decline deepens, closures below $4.56 could lead to losses down to $4.2. In the case of extreme selling, the targeted area will be the main support at $2.25.
