Since October, the price of Dogecoin has been on a bullish path, increasing analysts’ and investors’ confidence. On the daily chart, the DOGE price has jumped over 7%; it has climbed by 44% in the past month. Still, the dog-themed meme coin is yet to lose its steam. It might keep moving on the bullish path as bulls drive it to reach $0.50 or even higher. To validate the rally, though, it must first tackle a crucial resistance level.
Dogecoin’s (DOGE) Path to $1
On the daily chart, Dogecoin shows a 7% increase, reclaiming its bullish momentum. According to crypto analyst Crypto Daily, the number one meme coin has formed a big cup and handle pattern on the daily chart, which started in June. DOGE’s crucial support level is $0.15. This price will act as solid support and drive DOGE towards $0.22. DOGE has already passed the resistance line at $0.15 and is trading at $0.157 currently. Thus, the rally could start quite soon. However, it must first move past the resistance level of $0.169 before its price can soar to $0.22. This level will decide whether DOGE will climb or revert to $0.15. If DOGE clears this crucial resistance, the bulls will push it past $0.22 and rally toward $0.5. It may even race to $1.
The outcome of the upcoming presidential election could also prolong DOGE’s rally. If Donald Trump, the crypto-friendly candidate, wins, DOGE will be positioned for a massive rally. This is especially crucial since Elon Musk was named the CEO of the Department of Government Efficiency (D.O.G.E.) during Trump’s rally. A trader, Tardigrade, also sparked optimism when he revealed that DOGE is repeating a falling wedge pattern on the monthly chart. Taking to X, he explained that Dogecoin’s price has experienced a parabolic surge after breaking from the wedge in 2017 and 2021. He expects history to repeat itself, and according to him, DOGE could rally as high as $10.
Rexas Finance (RXS): Solid Alternative with Better Upside Potential
Rexas Finance is already making waves in the crypto space with its goal of tokenizing real-world assets. Unlike meme coins like Dogecoin, which relies on community hype, Rexas Finance is built on solid fundamentals. This makes it an excellent choice for investors looking for assets with real value. Rexas Finance’s primary goal is to tokenize real-world assets such as real estate, financial assets, and artworks, making them available in smaller fractions. The RXS token stands out because it seamlessly merges digital and real assets. Blockchain technology makes investing in high-value markets simpler than ever by increasing liquidity and openness. Thus, more people can participate as the barrier to entry has been lowered.
Rexas Finance has already shown impressive momentum, raising over $5.7 million during its ongoing presale. Currently, tokens are selling for just $0.07 in the fifth stage of the presale. The next stage is set for $0.08, and RXS will finally launch at $0.20. This value has already provided substantial gains for early investors Additionally, Rexas Finance is gaining visibility by listing on major platforms like CoinMarketCap and CoinGecko. Thus, it can easily attract interest from both retail and institutional investors, and users can track the project’s progress closely. The team also plans to list RXS on three top-tier exchanges, which could significantly boost its global presence and trading volume. The demand for tokens with real utility is on the rise, and Rexas Finance, with its focus on real-world assets, is well-positioned to lead this shift. The project not only aims for substantial returns for early backers but also offers a refreshing alternative to traditional meme coins. If you’re looking for a promising investment in the crypto space, Rexas Finance could be your best bet right now.
The Rexas Finance giveaway, which is giving $50,000 to 20 lucky winners, is another excellent opportunity for investors to rake in short-term wins. You can join the giveaway to profit from the Rexas Finance presale giveaway.
Conclusion
Dogecoin is highly bullish and could rally further if it breaks past the key resistance at $0.169. This could lead to a rally to $0.5 and even $1. Meanwhile, Rexas Finance is still the best choice available to investors seeking projects with real-world value. Rexas Finance is currently in the fifth stage of its presale and is set to launch at $0.20. It boasts short—and long-term potential that could amass signed gains for investors in the long run. RXS is currently selling at $0.07, making now the best time to buy.
About Rexas Finance :-
Website: https://rexas.com
