|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Dogecoin (DOGE) Analyst Predicts Major Price Surge, Sees DOGE Hitting $0.37 Soon
Oct 23, 2024 at 06:59 am
A famous crypto analyst, Crypto Universe, predicts that Dogecoin could surge to $0.37 within the next two weeks. This would mark a significant 100% price increase from its current level and a new yearly high.
Dogecoin (DOGE) price has stabilized at around $0.140 following high volatility in the crypto market. After hitting a low of $0.087 and a high of $0.22 earlier this year, DOGE began a new trend.
According to CoinMarketCap data, DOGE trades at around $0.140, up 21% in the last two weeks. The meme coin encountered resistance at $0.149 earlier today.
Given these recent bullish moves, analysts are predicting a possible parabolic price surge, which could spark renewed interest in Dogecoin.
Moreover, rumors of a potential DOGE ETF from Grayscale are building excitement within the community. With these developments, the next big move for Dogecoin might be closer than expected.
A famous crypto analyst, known as Crypto Universe, is predicting that Dogecoin could surge to $0.37 within the next two weeks. This would mark a significant 100% price increase from its current level and a new yearly high.
There is no point of selling so early. But election will give us a pullback
— 0xCryptoUniverse (@0xCryptoUnivers) October 20, 2024
According to Crypto Universe, this could be a major turning point for Dogecoin, possibly pushing it toward its all-time high (ATH) of $0.73. The analyst believes that selling at $0.37 would be “too early,” as the rally may continue.
The analyst expects a brief price pullback around November 5, coinciding with the US elections. Afterward, they predict Dogecoin could surge to $1, reaching a new ATH.
Interestingly, Crypto Universe doesn't think $1 will be the final top for Dogecoin. They suggested that DOGE could skyrocket further to $4.2, a nearly 2,900% surge from current market prices.
While this seems ambitious, Dogecoin investors are optimistic. These predictions are sparking excitement in the community and could boost sentiment, driving prices upward in the coming weeks.
A leading Dogecoin analyst on X, known as Kevin, claims that DOGE is set for a major price surge. He explained that the two-week money flow recently turned green for only the third time in history.
The 2 week money flow on #Dogecoin just crossed green for only the third time in history. The previous times this occurred were March of 2021 and November of 2017. Take a look for yourself to see what price did following those dates. I’ll give you one hint. pic.twitter.com/xjN8ZWHDaQ
— Kevin (@Kev_Capital_TA) October 21, 2024
According to Kevin, similar events occurred in March 2021 and November 2017, each leading to significant price increases for DOGE.
He noted that in 2021, the price of Dogecoin surged in March and continued rising, eventually reaching its all-time high of $0.73 in May 2021. This indicator suggests that Dogecoin could be on the verge of another rally.
Grayscale recently hinted at adding Dogecoin (DOGE) to its investment portfolio. This news has sparked optimism in the crypto community, with many speculating that a DOGE ETF could soon follow.
If Grayscale formally includes Dogecoin, it could boost the coin’s legitimacy in the eyes of institutional investors. This would likely increase market demand for DOGE, driving its price higher.
DOGE Holds Strong Above Key Moving Averages; How High Can It Go?
Dogecoin (DOGE) is showing strong bullish signals as it remains above the 200-day and 50-day Simple Moving Averages (SMA). Trading above both SMAs suggests the meme coin is in a solid uptrend.
This signals that Dogecoin will likely continue its upward movement, as it shows the market's current sentiment is bullish.
The Moving Average Convergence Divergence (MACD) indicator further confirms this bullish outlook. The MACD is above the signal line by a significant margin, which typically signals strong buying momentum in the market.
This suggests buyers are in control, and if this momentum holds, the coin could continue to rise. The chart shows Dogecoin faces its next major test at the $0.17 resistance level.
If more buyers enter the market, DOGE could break past this resistance zone. This would be a significant move since the coin last reached this level six months ago.
Testing or breaking through this level would signal a strong bullish sentiment, potentially encouraging more traders to buy into the market.
Due to their massive rallies this year, meme coins have sparked significant investor interest. With this frenzy still on, investors are looking for other meme coins with potential.
While DOGE remains a top choice among many investors, some new
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Exclusive Promotion for European Economic Area (EEA) Users - Make a Crypto Deposit & Trade on Binance Margin to Share 20,000 USDC in Rewards
- Oct 23, 2024 at 02:20 pm
- Binance is excited to launch an exclusive promotion for European Economic Area (EEA) users. Eligible EEA users who register for the Promotion can deposit crypto
-
- Fetch.AI (FET) Price Trends: Analysts Bullish on the Future of FET
- Oct 23, 2024 at 02:20 pm
- Fetch.AI (FET) price has received strong attention from the editor. Based on historical high correlation and current market technicals, some analysts expect the price to rise to $25 by the first quarter of 2025.
-
- Invest In Solana Rival ETFSwap (ETFS) Selling For $0.03846 As The Best Bet To Become A Millionaire In 2025, Analysts Reveal
- Oct 23, 2024 at 02:20 pm
- Investing into Solana rival ETFSwap (ETFS), which sells for a cheap $0.03846, is the best bet for retail crypto investors with a small $1,000 portfolio who
-
- Bitcoin (BTC) Could Reach $285,000 in 2025, a Famous Analyst Thinks
- Oct 23, 2024 at 02:20 pm
- Bitcoin ($BTC ) managed to break the downward trend that has been going on since March 2024 with its strong rise of 9.84 percent in the short term. Based on the upward momentum in BTC, many analysts made surprising predictions.