|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Dogecoin (DOGE) Priced at $0.14 Shows 1.77% Increase in the Past 24 Hours, Experts Predict It Will Increase to $0.31 by the End of October
Oct 22, 2024 at 03:48 pm
Dogecoin is currently priced at $0.141556, showing a 1.77% increase in the past 24 hours. Over the past week, the meme coin experienced a notable 28% rise
Dogecoin (CRYPTO: DOGE) is trading at $0.141556, up 1.77% in the past 24 hours.
DOGE experienced a 28% increase over the past week, boosting its 24-hour trading volume to $1.9 billion, up 35%.
This surge has placed DOGE at #8, with a market capitalization of $20 billion, according to CoinMarketCap.
Despite the market being in a state of extreme fear, with a Fear & Greed Index reading of 30.82, the sentiment for DOGE seems bullish overall.
According to Digitalcoinprice, several indicators now suggest that this is an excellent time to invest in DOGE. Most indicators flashed green, indicating traders' positive sentiment toward the token.
Although the fear index might show some ‘cautious’ intent, there is a high chance of recovery yet.
Dogecoin Technical Indicators Show Mixed Signals
Overall, the highly volatile performance of DOGE faces an increase of 36.72% on a 30-day timeline and gives an ultimate sneak peek into the amount the price may recover.
Experts say that the coin would further increase at the end of October, as high as $0.31 for a 114.41% increase.
While the 50-day SMA has begun to curve upward to indicate a potential buy, there is still cause for caution as the 200-day SMA might continue to head lower.
At the moment, the forecast has it that DOGE could continue its retreat to $0.13 by the end of December.
This mix of bullish and bearish signals makes for a complex outlook for traders considering short-term moves.
Community Bullishness Boosts Long-Term Prospects
Despite some conflicting technical indicators, prominent crypto traders have shown optimism for DOGE’s longer-term prospects.
In a tweet this week, trader DonAlt compared DOGE to Bitcoin (CRYPTO: BTC) within the meme coin space, saying that it could eventually break through the $1 barrier.
Other analysts noted that DOGE's chart now shows a resemblance to its 2020 movement, which saw it rebound within higher lows before the breakout.
As a result, some traders believe that DOGE is on the verge of another euphoric rally, with several indicators pointing to a sharp price increase.
Many will be watching to see if DOGE can sustain the uptick in the coming weeks as it eyes the projected targets.
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.
-
- Chrisean Rock Net Worth 2024: How the Reality TV Star Amassed Her $2 Million Fortune
- Oct 22, 2024 at 08:30 pm
- Chrisean Rock is a controversial figure in the world of entertainment. Best known for her appearances on the reality series “Baddies”, she has also dabbled in the music scene with catchy tunes like “Lonely” and “Mr. Take Ya Bitch”. Her acting and music career would have likely taken her far, but her success is plagued with a myriad of controversies and legal issues. Despite this, Chrisean Rock’s net worth is estimated to be around $2 million as of 2024.
-
- Top Play-to-Earn Coins to Watch for 1000x Returns in 2025
- Oct 22, 2024 at 08:25 pm
- The idea of earning 1000x returns by 2025 is no longer a dream—it's a rapidly growing reality. In this article, we explore some of the best play-to-earn games cryptos that are expected to make gaming not just enjoyable but highly profitable.