Dogecoin (DOGE) looks like it’s about to explode – Analysis and price predictions below

2022-1-14 01:02

After showing a lot of weakness during the start of 2022, Dogecoin (DOGE) is rebounding and appears to be on the cusp of an uptrend that could send it to obscene heights. The dog-themed meme token is attracting whale activity in fact, over the last few days, the top 1000 whales on BSC have been buying DOGE in droves. So, where will the price go? First, some highlights:

We have seen an explosion of on-chain activity surrounding Dogecoin (DOGE) the last few days, suggesting increased whale buying.

At the time of writing, Dogecoin (DOGE) had rebounded by nearly 10%, trading at $0.1707

Despite this, Dogecoin (DOGE) is still around 75% down from its 2021 all-time highs that came in May.

Data Source: Tradingview.com 

Dogecoin (DOGE) – Price prediction and analysis

The new 2022-year hasn’t been kind to crypto. Just like altcoins, memecoins like Dogecoin (DOGE) have seen a consistent rout as downward pressure on the prices continues. But we are starting to see some recovery. 

For starters, Dogecoin (DOGE) has rebounded by 10% in 24 hours and is up nearly 8% over the last 7 days. Things might even get better for Dogecoin (DOGE). The meme coin is seeing increased bullish whale activity, something that could push prices higher. 

Despite this, some analysts are wary and argue that the coin must overcome resistance at 24 cents before any bullish surge happens. But if downside risks become more pronounced in the near term, Dogecoin (DOGE) could tumble to $0.09.

Should you buy Dogecoin (DOGE)

Dogecoin (DOGE) is a meme coin. In essence, it is a speculative asset that is not backed by any serious underlying fundamentals. In the long term, it's not the best asset to hold. However, the increased whale activity around the token gives short-term investors a decent entry point to earn from a potentially good short-term Dogecoin (DOGE) uptrend.

The post Dogecoin (DOGE) looks like it’s about to explode – Analysis and price predictions below appeared first on Coin Journal.

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$ 0.1515 (-0.21%)
Объем 24H $1.668b
Изменеия 24h: 1.37 %, 7d: 1.15 %
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Источник: coinjournal.net

dogecoin doge → Результатов: 126


IntoTheBlock: Большинство держателей Dogecoin получают прибыль

В конце марта Dogecoin (DOGE) достигал $0,22, последний раз на таком уровне цифровая валюта торговалась в ноябре 2021 года. Однако уже в середине апреля DOGE упал $0,149. Только накануне вечером он смог вырасти до $0,150.

2024-4-19 00:01


300 Million Dogecoin (DOGE) Moved To Robinhood As Price Swells

The Meme-based cryptocurrency Dogecoin (DOGE) has recently experienced a significant increase in whale transactions during an improvement in the crypto asset’s price. 300 Million Dogecoin (DOGE) Dumped In Crypto Exchange Data from the on-chain crypto tracker Whale Alert recently revealed that a massive amount of Dogecoin (DOGE) was transferred to Robinhood.

2023-12-2 20:00


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