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Cryptocurrency News Articles

Remittix Attracts Investors as Dogecoin Faces Potential Losses

Jan 29, 2025 at 06:30 pm

Based on the latest Dogecoin news, DOGE investors are worried about a possible 20% decline next week. With this uncertainty around Dogecoin, many investors are turning to a new crypto, Remittix.

Remittix Attracts Investors as Dogecoin Faces Potential Losses

While Dogecoin (DOGE) investors are concerned about a possible 20% loss next week, based on the latest Dogecoin news, many are shifting their focus to Remittix, a rapidly growing crypto project that’s already raised over $9m in presale and promises significant gains.

According to the latest analysis of Dogecoin price movements, investors should brace for a potential 20% loss next week as DOGE faces strong resistance at $0.31. This key level has been holding back Dogecoin price for several weeks now, and a failure to break past it could trigger a sell-off.

However, if DOGE manages to close above $0.31 next week, it could finally begin the much-anticipated bull run, with potential gains of up to 500%, reaching prices as high as $0.15 in the coming weeks.

This potential sell-off comes as many Dogecoin investors are already frustrated by the lack of gains this year, despite strong community support and the creation of the Department of Government Efficiency (D.O.G.E.) by President Trump.

This new initiative, which is designed to cut government spending, has generated a lot of positive Dogecoin news, but it hasn’t yet translated into significant price increases.

Technical charts also show that Dogecoin price might be forming a bullish pennant pattern, which usually indicates an upcoming breakout to the upside.

If DOGE fails to break out of this pattern and closes below $0.28 next week, it could face further declines, potentially dropping down to $0.24 before finding support again.

On the other hand, if Dogecoin price breaks past the pennant pattern and manages to close above $0.34 next week, it could finally begin a sustained bull run, with potential gains of up to 80%, reaching prices as high as $0.4 in the coming weeks.

The launch of two Dogecoin ETFs could also bring in more institutional investors, adding stability and potentially driving the price higher.

But with just two weeks left until 2025, time is running out for Dogecoin to make a significant recovery. If the positive trends continue and the community remains engaged, we could still see Dogecoin has the potential for growth in 2025.

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!

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Other articles published on Jan 31, 2025