ArbDoge (AIDOGE) price has been in a tailspin for the past few weeks. AIDOGE price is behaving exactly as mentioned in my previous forecast. The price surged to $0.000000001118 in May 2023, generating exponential returns for the meme coin holders. However, the late entrants are now struggling to get rid of their bags.
On Thursday, crypto markets are experiencing great selling pressure as the BTC price fell below the key psychological level of $25,000. ArbDoge price showed a negative price action as the price plummeted another 6.1%.
As the name suggests, ArbDoge Ai (AIDOGE) is another dog on the block. This coin is unique in the sense as it tries to merge the old dogcoin narrative with the latest AI narrative. This has caused a massive surge in its price as its market cap currently sits at around $25.4 million.
Due to the rise of new meme coins in 2023, AIDoge price has failed to perform well. Many older memecoins like DOGE, SHIB, Kishu Inu, etc. have also failed to gain any market share from the ongoing meme coin season. The meme coin mania also appears to be phasing out as investors take a much more cautious approach.
In my last ArbDoge forecast, I mentioned the formation of the symmetrical wedge pattern. After breaking down below this wedge, the price has perfectly met with the bearish target of $0.000000000149. In the short term, the price could see a bounce from this level.
AIDoge price prediction will become extremely bearish if it breaks below $0.000000000130. A break below this major support level may trigger another major downside push. If you’re holding ArbDoge AI, then you must watch the price action around this level very carefully.
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This post was last modified on Jun 15, 2023, 12:24 BST 12:24