The price of Dogecoin has fallen by 11% in seven days, but analyst Mark predicts that Dogecoin (DOGE) will reach $17 per coin.
Dogecoin, a very popular meme coin, has seen impressive price growth over the past week. On June 12, its price increased from $0.150 to $0.134.
According to data available on the CoinMarketCap website, the price of DOGE has fallen by more than 11% in the last week. This decline occurred as the price of Dogecoin also declined compared to other cryptocurrencies.
Over the past day, the price seems to be still moving lower, with a slight decline of 1.87%. Right now, you can buy DOGE for around $0.14. Despite this price drop, some experts believe that there are signs that the price of Dogecoin may rise again soon.
So, even if the price of Dogecoin has fallen recently, there is still hope that it may rise again.
Dogecoin Eyes Bull Run: Analyst Points to Green Indicator
Cryptocurrency Kevin Has a Great Sign for DOGE. They found that a special technical chart of Dogecoin has turned green, which could indicate that its price could rise significantly in the coming months.
According to Kevin, it is too risky to include future changes in this chart. Now this is indicating that the price of DOGE may increase.
Interesting thing, While other cryptocurrencies are struggling, DOGE is holding its own. Kevin believes that if Dogecoin stays above a certain price on the weekly charts, So this jump could reach anywhere between $0.26 to $0.33.
A different chart pattern for the shorter term is also giving positive signals for DOGE. Kevin believes that the price returning to a certain pattern is a good sign.
They also feel that It also looks like DOGE needs some significant value gains and may soon reach $0.175 as it is priced quite high. There is even more money between $0.20 and $0.23, which is awesome for Dogecoin as market makers generally like to move into areas where there is more money.
Dogecoin (DOGE): Analysts predict the price to reach $17
Crypto expert Marks has shared a chart online making completely positive predictions for Dogecoin. This chart shows that the price can increase by 21,700%. This means that the price of one Dogecoin could go as high as $17, resulting in large profits for sellers.
Marks (Crypto expert) has based his positive prediction on the history of DOGE’s performance during bull runs. Which is the time when the entire crypto market grows rapidly. As proof, he points to explosive price growth of 7,100% in 2017 and 22,800% in 2021. Marks (Crypto expert) believes that in the current bullish phase, DOGE will surpass its 2021 performance and reach $17. This will happen because the price of DOGE has a history of continuously increasing during bull runs.
DOGE Price Analysis: Bullish Indicators Hint at Potential Uptrend
The price of DOGE has fallen by about 2% in the past day. But, there are some indications on the charts that its price may rise soon.
There’s a tool called the SuperTrend indicator that helps traders decide when to buy DOGE, and it’s showing that now might be a good time. Also, the chart is showing more green bars, which means more people are buying DOGE instead of selling it. Even though Dogecoin’s price has gone down lately, these clues hint that its price could go up soon. So, buying DOGE now could be a smart move before its price gets higher.
The value of Doge has gone down by 11% recently. However, experts named Mark and Kevin think its price could go up a lot. A tool called the SuperTrend indicator, and some patterns on charts, show that it might be a good time to buy Dogecoin. Mark says that during this period when the crypto market is doing well, Dogecoin’s price might go up to $17 for each coin, looking at how it has done in the past.
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