menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Dogecoin News

>

Dogecoin B...
source image

Newsbtc

2w

read

404

img
dot

Dogecoin Breaks Free—Could Soar 60%, Analyst Says

  • Dogecoin edged up to $0.17, gaining 1.0% in the last 24 hours.
  • Trading volume dropped 30% to about $678 million, signaling caution among investors.
  • Low volume may lead to price whipsaws, with even modest trades impacting prices.
  • Charts indicate a symmetrical triangle pattern for Dogecoin, suggesting an imminent breakout.
  • An analyst predicts a 60% price increase if Dogecoin closes above $0.22, with a target of $0.35 to $0.36.
  • Conversely, a drop below $0.16 could trigger a sell-off towards $0.10.
  • Market forecasters are optimistic, with predictions of Dogecoin surpassing $0.37 by year-end.
  • Dogecoin's price movements may be influenced by wider crypto market trends and social media buzz.
  • Patience is advised as traders monitor volume to confirm price movements.
  • The upcoming weeks are crucial as the symmetrical triangle pattern tightens, potentially indicating a clear market direction.
  • Investors are urged to watch for volume confirmation above $0.22 or below $0.16.
  • Dogecoin's price performance may be impacted by catalysts such as Bitcoin/Ethereum trends and celebrity endorsements.

Read Full Article

like

24 Likes

For uninterrupted reading, download the app