Dogecoin Price at Crossroads – 25% Decline or 55% Rally Ahead?
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The Dogecoin (DOGE) price is at a crucial crossroads, having recently crossed a critical resistance zone.
DOGE was last trading just under $0.10, about 9% down from last Friday’s highs in the $0.1080s.
The turnaround in the Dogecoin price comes after sellers entered after the price hit resistance in the form of a downtrend from the March highs and the 50DMA.
If Dogecoin can break to the north of this resistance area, the door could be open for a quick 55% surge towards $0.15s.
However, the Dogecoin price already looks to have rejected this resistance level.
And that suggests that the bears are still in control of the market.
The next move could be a 30% drop below the August lows around $0.08.
Dogecoin Price Bearish – Is This Alternative Better?
With the Dogecoin price looking bearish right now, holders might want to check out an alternative Shiba Inu meme coin with big near-term potential.
The new crypto in question is a Shiba Inu Wild West-themed play-to-earn (P2E) shooter called Shiba Shootout (SHIBASHOOT).
Shiba Shootout is a play-to-earn (P2E) game with a Wild West theme that has already launched on Google Play and the Apple App Store.
To power its ongoing growth, Shiba Shootout is currently conducting a presale of its native SHIBASHOOT token.
And the presale has been a blockbuster success, with over $1.1 million in funds raised so far.
Strong demand shouldn’t come as a surprise, with crypto experts jumping aboard the SHIBASHOOT train.
One notable name is popular presale analyst Jacob Crypto Bury. He thinks that SHIBASHOOT has an upside potential of at least 10x.
SHIBASHOOT is currently available for $0.0203.
Given the token supply of 2.2 billion, investors can buy in at a discounted valuation of around $44 million.
35% of the SHIBASHOOT token supply is available during the presale.
A further 20%, meanwhile, has been reserved for Shiba Shootout’s staking program.
That means that SHIBASHOOT is not only one of the most promising P2E projects out there but also a passive income gem.
The Shiba Shootout website shows that presale investors can immediately stake their SHIBASHOOT tokens for a whopping 842% APY.
At that rate, presale investors could potentially double their SHIBASHOOT bag in just a few weeks.
Packed with massive P2E utility and passive income potential, Shiba Shoutout has the potential to really pop whilst the Dogecoin price might continue to struggle.
