The market is seeing a lot of red today. A major sell-off has hit crypto assets hard, stemming from the Federal Reserve’s interest rate press conference on Wednesday. After Chair Powell suggested that more rate cuts aren’t guaranteed, traders quickly moved away from anything considered high-risk.

This trend has produced a rough environment for almost every crypto. But meme coins – which are already volatile – are suffering the worst. Dogecoin (DOGE), the leader of the pack, has dropped by over 5% in the past 24 hours.

Such a sharp drop always brings up the same question: Is this a good time to buy the dip? With DOGE’s future up in the air, everyone is searching for a reliable Dogecoin price prediction. And fortunately, we’ve found a few signals suggesting the coin could rebound in November.

Yet, the uncertainty surrounding DOGE has left many investors seeking alternatives. That’s why a new meme coin, called Maxi Doge (MAXI), is gaining attention. It’s a project that aims to provide a different kind of opportunity – and it has raised almost $4 million in presale so far.

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Dogecoin’s Recent Price Action Hits a Nerve with Traders

Currently, DOGE is trading at $0.181, representing a 20% decline from its value last month. What’s also telling is that spot trading volumes are up 36%, but this looks more like selling pressure than new buyers.

Support at this price point is crucial, as DOGE has already bounced off it twice since October 10. If it breaks this time, DOGE could be in for a much steeper fall.

Dogecoin’s ongoing slump appears tied to broader market conditions. After a minor rally following the latest FOMC rate cut, Chair Powell’s comments have since triggered a “risk-off” shift. This shift has resulted in $980 million in long liquidations since yesterday – with DOGE accounting for over $14 million of those.

Dogecoin Price Prediction – Could This Dip Be a Buying Opportunity?

On a more positive note, this might be the worst of the bearishness for DOGE. If the 4-hour chart sees a strong bounce from that $0.180 support, it could be the foundation for a rebound. Dogecoin is known for aggressively flipping, often when it appears to be at its weakest. A similar scenario could unfold here.

Plus, several catalysts could help DOGE surge. November has historically been a monster month for meme coins – DOGE has averaged gains of 36% in November across the last four years. It often lags Bitcoin at first, but then explodes on retail FOMO once the market warms up.

Then there’s the Elon Musk factor. His posts have triggered massive DOGE rallies before, and with X’s continued push into crypto, there’s always a chance that Musk announces some sort of Dogecoin integration.

If these catalysts combine effectively, a likely target for DOGE in November is a return to the high of $0.306 seen in September. That would be a 69% increase from today’s price.

Maxi Doge: A DOGE Alternative With Weekly Trading Competitions and High Staking Yields

While Dogecoin holders wait for those “what if” scenarios, many traders are already seeking alternatives with more momentum. This hunt for the next breakout meme coin is why a new project, Maxi Doge (MAXI), is getting so much attention. It’s built on the same dog-themed foundation but with a different angle.

Maxi Doge is positioned as the “alpha dog” of the space, primarily targeting active traders. The project has a clear focus on utility, with plans to introduce MAXI trading pairs that allow for up to 1,000x leverage.

And this utility focus is already finding an audience. MAXI is still in its presale, but it has already raised over $3.8 million. This raise signals enormous early interest, and with tokens currently fixed at just $0.0002655, investors are rushing to get involved while they can.

Investors can also stake their purchased MAXI tokens right away to earn an 80% APY. With 9.4 million MAXI already locked up, there’s a real chance of a supply squeeze once the token hits the open market.

The YouTuber Crypto Series seems to think so, calling MAXI a genuine “Dogecoin alternative.” For those who believe DOGE’s best days are behind it, Maxi Doge could be the perfect new opportunity to grab some end-of-year returns.

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This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.