With market conditions improving and increasing investor interest, Dogecoin and Shiba Inu soared over 9%.
Analysts predict that if Dogecoin closes above $0.20 this month, it could rise to $0.74.
The breakout of Shiba Inu suggests it could rise by 124%, with a target of reaching $0.00003 by May 2025.
Market interest in meme coins has reignited, especially Dogecoin (DOGE) and Shiba Inu (SHIB). The cryptocurrency market has shown significant growth, with both coins rising over 9% last week. As market conditions improve and attract investor interest, analysts believe meme coins present potential investment opportunities for profit in the coming weeks.
Analyst Ali Martinez predicts that if Dogecoin closes above $0.20 this month, it will trigger a breakout with a target price of $0.74. The $0.20 price level is a key indicator for bullish control, attracting future market participants. If the price steadily rises and breaks above $0.20, the market may gain upward momentum.
Source: X
As of the time of writing, the trading price of Dogecoin is $0.1730, down 0.8% from the previous trading day.
