Doge and Kekius Investors Are In This New Altcoin, Analyst Calls It ‘Easy 10x’

2025-1-6 17:00

Crypto analyst Trolls Royce has identified an opportunity in Dogecast (DOGECAST), a new Ethereum-based token currently consolidating above a $30 million market cap. The analyst sees significant upside potential, pointing to strong fundamentals and notable whale activity.

Dogecast represents a unique convergence of meme culture and real-world utility. Built on the Ethereum blockchain, the project draws inspiration from Dogecoin’s community-driven success while adding a novel twist—a connection to a podcast featuring tech entrepreneur Elon Musk and political figure Vivek Ramaswamy, focusing on government transparency and innovation.

Technical Analysis Shows Strong Accumulation

According to Trolls Royce’s analysis, Dogecast’s price action displays a compelling technical setup. The token has established a solid support zone, experiencing what he describes as “beautiful consolidation” above the $30 million market cap level.

Recent price movements show a decisive breakout from this consolidation phase, with increased trading volume supporting the upward momentum.

Read Also: Worldcoin (WLD) Price Ready for Double-Digit Rally as Key Support Holds, But There’s a Catch

Whales Activities and the Golden Narrative

“Whales from $SBR, $DOGE, and $KEKIUS are in and bidding,” notes Trolls Royce, highlighting significant investor interest from successful crypto projects. This whale activity, combined with relatively low liquidity of around $989,000, suggests potential for explosive price movement.

Trolls Royce emphasizes what he calls a “golden narrative” surrounding Dogecast. The project’s association with high-profile figures like Elon Musk, Vivek Ramaswamy, and potential connections to broader political discussions creates a unique value proposition.

With the cryptocurrency market showing signs of entering an “alt season,” where alternative cryptocurrencies typically experience substantial growth, Trolls Royce sees this narrative as particularly timely.

Read Also: Chainlink (LINK) Price Appears Ready for ‘Final Run of This Cycle’ as Support Holds: New Target Revealed

Price Targets and Potential

The analyst’s bullish stance is clear: “Easy 10x minimum from here,” states Trolls Royce. Technical indicators support this optimism, with the token testing key Fibonacci resistance levels around 0.0387 WETH. The next significant target sits at the 2.618 Fibonacci extension, approximately 0.0566 WETH.

However, investors should note that while the project shows promise, the relatively low liquidity could lead to significant price volatility.

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The post Doge and Kekius Investors Are In This New Altcoin, Analyst Calls It ‘Easy 10x’ appeared first on CaptainAltcoin.

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analyst new dogecast market cap sees million

Источник: captainaltcoin.com

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