A naukri.com initiative
Coinjournal
3w
115
Image Credit: Coinjournal
Dogecoin price prediction: DOGE risks dipping to $0.15 as TRX overtakes it
- DOGE has lost its position as the 8th-largest crypto by market cap to TRX.
- TRX has outperformed Dogecoin and now holds the 8th position.
- Dogecoin could drop to $0.15 due to bearish market sentiment.
- TRX has climbed to a market cap of $26 billion compared to Dogecoin's $25.5 billion.
- Dogecoin is trading at around $0.17 and may face more selling pressure.
- Bearish market conditions are affecting Dogecoin and other memecoins.
- Analysts remain optimistic about Dogecoin's long-term potential despite current conditions.
- DOGE is 76% down from its all-time high, suggesting room for growth.
- Current price of Dogecoin is $0.1716, with expectations of a medium to long-term rally.
- The DOGE 4H chart indicates bearish trends with the RSI at 48.
- MACD in negative zone implies buyers have lost control, potential support at $0.163.
- If selling pressure continues, DOGE could dip to $0.15 psychological level.
- A bullish market could see DOGE test $0.20 level in the future.
- Analysts predict medium to long-term rally for Dogecoin.
- The article was published on CoinJournal.
- Overall, Dogecoin faces short-term challenges but positive outlook for the future.
Read Full Article
6 Likes
For uninterrupted reading, download the app