Dogecoin’s price is gradually climbing toward $0.18 after a recent correction erased its gains. Despite an overarching bearish trend, analysts anticipate a short-term rally
Dogecoin (CRYPTO: DOGE) is gradually climbing toward $0.29 after a recent correction erased its gains. Despite an overarching bearish trend, analysts anticipate a short-term rally reclaiming its one-month high. Technical indicators and market participation support this forecast, with investors watching key resistance levels to determine DOGE’s next move.
Crypto analyst Igor Bondarenko has revealed that DOGE could be seen heading toward $0.29 in the краткосрочн период. His analysis focuses on Dogecoin approaching its 20-day Exponential Moving Average (EMA). If the cryptocurrency manages to break through this level, it could act as support for traders to enter the market, ultimately pushing up the price. However, Bondarenko cautions that if the price drops below $0.14, it could lead to a steeper decline to $0.10, further supporting the bearish outlook.
Analysts Predict Dogecoin Surge to $20
Despite its short-term struggles, some analysts maintain a positive long-term view on Dogecoin. One prediction suggests that DOGE could hit $20 in the coming months.
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