Dogecoin (DOGE) has broken back into the top 10 cryptocurrencies by market cap, while Zilliqa (ZIL) is looking to bounce from a critical support area.
Can the two coins trade higher as the crypto market eyes fresh momentum? Meanwhile, what does the overall market sentiment mean for Bitcoin Dogs (0DOG), a new token that recently closed its presale?
Bitcoin Dogs (0DOG) price prediction
Bitcoin Dogs is not yet tradable having just recently concluded a $13.4 million presale.
However, anticipation for its potential listing on exchanges is massive and fresh demand could help catapult the price of the native token 0DOG.
As a BRC-20 token, Bitcoin Dogs sits within an ecosystem that’s still experimental. Nonetheless, it’s attracting huge attention from the developer and investment world. Multiple projects see the emerging layer-2 on Bitcoin as one that’s just getting started.
Decentralized finance, non-fungible tokens and games are all set to tap into Bitcoin’s security and dependability. This ecosystem of Ordinal NFTs, DeFi and gaming is what Bitcoin Dogs is set to debut in Q2.
The presale allowed early adopters to buy at discounted prices, which reached $0.0404 in the last stage following the 30-day ICO. A smooth token claim process and exchange listings, followed by a successful debut of Bitcoin Dogs’ 10,000 NFTs and game could be huge catalysts for 0DOG.
This outlook will also strengthen amid Bitcoin’s anticipated bull market spike.
0DOG buyers can keep tabs on the next steps and other announcements via official social channels and the website.
Zilliqa (ZIL) price prediction
Zilliqa price reached highs of $0.044 in mid-March. However, the dip that followed Bitcoin’s slip from its ATH also saw ZIL head for support near $0.028.
While the altcoin’s price has bounced higher, a rejection from around $0.037 threatens to send buyers back to $0.035. This is a crucial support level that could see ZIL flip lower if bears prevail.
The Zilliqa price chart (daily), has the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) all indicating sell-off pressure.
In this case, a demand reload zone is likely around $0.032 and $0.030, but weakness around this level could hand initiative to the sellers. The main support levels would be $0.025 and $0.020.
On the flipside, if bulls reclaim $0.035 as support, a break to $0.040 could open up a path to June 2022 highs of $0.051. Zilliqa hit its all-time high above $0.25 in May 2021.
Dogecoin (DOGE) price prediction
Dogecoin has climbed more than 38% in the past week.
Currently, DOGE trades above $0.18, a level that it has retreated from in recent weeks as meme coins cooled their momentum.
However, the more than 4% upside seen in the past 24 hours has helped propel DOGE above Cardano into ninth largest cryptocurrency by market cap. If meme coins reawaken amid a new uptrend, iys likely DOGE will target $0.2.
Daily RSI and MACD indicate a potential strengthening for bulls and the short term target could be the highs reached during the last bull cycle. That could open up DOGE for a run to $1.
The OG meme coin has benefitted from recent news such as Elon Musk’s Tesla adding Dogecoin for payments and Coinbase’s plans to list DOGE futures.
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