Solana’s recent price plunge has unsettled the crypto market, sparking anxiety among investors. Amid this turbulence, a new meme coin is gaining attention as a potential opportunity for a rebound. Could this unexpected contender be the ideal play to capitalize on market volatility? Discover how this rising star might offer a timely chance for savvy traders looking to bounce back.
DOGEN Soars 500% After DEX Listing, What’s Next with CEX on the Way?
DOGEN, the meme token built for those who never settle for less, is showing strong technical and fundamental momentum. Designed for winners, DOGEN embodies the alpha mentality, and this concept has already appealed to a large community of over 30,000 followers on X.
Recent Price Action & Momentum
Since its listing on Raydium DEX on February 4th, DOGEN had a strong run, hitting an all-time high of $0.0066 before cooling off and stabilizing around $0.002. Even at that level, it’s still up a massive 566% from its lowest presale price of $0.0003. The presale itself raised $5.5 million showing just how much early interest this project attracted.
Technical Indicators & Breakout Potential
DOGEN’s current fully diluted valuation (FDV) stands at $28 million, with a projected upside toward $40 million. This rise in value suggests a potential price target of $0.004+ in the near term.
Recent price action suggests DOGEN is testing key support within a descending channel. If the price breaks above $0.0032, the current downtrend would reverse and set the stage for a strong bullish move toward $0.0056, aligning with previous resistance levels.
A planned major exchange listing is expected to inject fresh liquidity and increase accessibility of $DOGEN, typically a key price catalyst for meme coins. With only 1 billion tokens circulating (10% of total supply), DOGEN’s price remains highly sensitive to increased demand, setting the stage for further volatility in favor of the bulls.
DOGEN Could 3x From Here – Don’t Wait for the CEX FOMO
Community buzzes about DOGEN Hitting $100M+
DOGEN’s remarkable post-listing performance and strong presale momentum have captured significant community attention. The eezzy’s journal channel, boasting over 50K subscribers, has recognized DOGEN’s potential to become a leading memecoin on Solana, potentially reaching a market cap exceeding 100M.
DOGEN has already demonstrated its ability to rally quickly, and with increasing speculation ahead of its CEX listing, the probability of retesting its $0.005 ATH—or breaking beyond—is rising. If momentum continues, DOGEN could enter a parabolic price discovery phase, with values exceeding its current FDV ceiling.
DOGEN is Still Undervalued – Buy Now Before the CEX Listing
Solana Eyes Breakout as Momentum Builds for a Bullish Reversal
Solana is trading between $180.20 and $202.84, showing signs of a potential recovery. The price is above the 100-day simple moving average at $182.92, which is a positive sign. RSI at 49.25 suggests the coin is not overbought or oversold, meaning a big move could be coming. If SOL breaks above the $217 resistance, it could quickly climb to $240, marking a gain of over 18%. However, failure to hold support at $172.02 could push the price lower. Despite recent drops of 14.64% in a week and 32.81% in a month, the long-term trend remains positive, up 17.83% in six months. Solana could be gearing up for a strong comeback.
Conclusion
While SOL and other major coins may have less short-term potential, DOGEN presents an intriguing opportunity. Designed for those seeking the best in life, DOGEN aspires to significant growth, following the path of successful tokens like BONK, WIF, and Popcat. Early adopters can enjoy exclusive benefits in this community of market leaders.
Site: https://dogen.meme/
Twitter: https://x.com/dogenmeme
Telegram: https://t.me/Dogen_Portal
