Analysts project Dogecoin to hit $3 as Shiba Inu faces 20% drop  

Meanwhile, alternative tokens such as Minotaurus (MTAUR) and SHIBA are experiencing explosive surges, fueled by innovative use cases and presale momentum. 

Dogecoin (DOGE) continues showing bullish potential as analysts suggest the popular meme coin could rally toward $3.

The memecoin is currently priced at around $0.38 and is consolidating after a 228% surge over the past six months.  

However, short-term price fluctuations have kept holders on edge, with the coin recently dropping 4% in 24 hours. 

Key technical indicators reveal potential upward momentum. DOGE’s 10-day and 100-day moving averages remain close at $0.403, and the Relative Strength Index (RSI) is trending neutral at 47.39.

Analysts have highlighted resistance at $0.515 and $0.616, signaling potential breakout levels. However, the price may face support at $0.312 if bearish sentiment intensifies. 

Crypto analysts believe macroeconomic factors, such as dovish interest rate policies from global central banks, could support DOGE’s trajectory. Market watchers suggest that reclaiming $0.45 could ignite further rallies toward $3 by 2025. 

Shiba Inu (SHIB) the Second largest Memecoin has faced downward pressure, with its price dropping by 20% in recent weeks to swap at $0.00002561.

However, reclaiming $0.00002874 could enable a short-term rally toward higher resistance levels. Buyers are closely watching the 50 EMA level for potential reversal signs.