Bitcoin

April

Dogecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/exploring-dogecoins-market-trends-and-predictions/" data-wpel-link="internal">Exploring Dogecoin’s Market Trends and Predictions</a><br></p>
<p style="text-align: justify">The fourth month of the year started off unfavorably and is now nearly over with days filled with declines. <strong><a href="https://coin-turk.com/bitwise-investmentsin-bas-yatirim-yetkilisinden-uzun-vadeli-bitcoin-tahmini-bu-fiyat-seviyelerine-isaret-etti" data-wpel-link="internal">BTC</a></strong> is below $64,000. Although <a href="https://en.coin-turk.com/significant-market-evaluations-in-crypto-is-it-time-to-buy-bitcoin-and-altcoins/" data-wpel-link="internal">Bitcoin</a> might be willing to hit new lows, bulls have kept it relatively buoyant above $60,750 for now, preventing deeper dips. However, a significant breakout is expected next week. What’s targeted for <a href="https://coin-turk.com/binance-coin-bnb-ripple-xrp-ve-dogecoinde-doge-uzman-gorusu" data-wpel-link="internal">Dogecoin</a>?</p> 
<h2 style="text-align: justify" id="dogecoin-doge">Dogecoin (DOGE)</h2> 
<p style="text-align: justify">As this article is prepared, <strong><a href="https://en.coin-turk.com/investors-hold-on-tight-its-all-beginning-things-could-be-different-for-dogecoin-in-6-weeks/" data-wpel-link="internal">DOGE</a>‘s price</strong> is at $0.1479. Along with Bitcoin’s weakness, <a href="https://en.coin-turk.com/volatile-bitcoin-affects-altcoins-short-term-expectations-for-xrp-ada-and-doge/" data-wpel-link="internal">Dogecoin</a> seems unlikely to close April well. Following the announcement of the US GDP on April 25, increased pressure on risk markets fully impacted cryptocurrencies. The US economy grew by 1.6% in the first quarter of 2024, against expectations of 2.5%, and the monthly PCE rose by 0.3%, putting the Fed in a dilemma.</p> 
<p style="text-align: justify">At the beginning of 2024, investors expected the Fed to make six 25bp rate cuts, but now they predict a maximum of two 25bp cuts. The yield on 10-year US Treasury notes has climbed to a five-month high of 4.739%.</p> 
<p style="text-align: justify">Interest in futures for Dogecoin is also waning. The size of open positions dropped to $865.63 million on April 27. About a month ago, it peaked at $2.21 billion, showing how quickly investors are fleeing risk.</p> 
<h2 style="text-align: justify" id="doge-predictions">DOGE Predictions</h2> 
<p style="text-align: justify">The outlook in futures indicates a decline. If <strong>Powell</strong> does not announce at the May 1 meeting that we are delaying our 2% inflation target for a few years in favor of slower reductions, even at the cost of stickiness (for balanced growth), the bearish outlook will dominate on the macro front.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-345416 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/DOGE-Mayis-tahmin.png" alt="" width="1307" height="639"></p> 
<p style="text-align: justify"><strong>Dogecoin’s price</strong> may continue the selling trend initiated by the declining trend line and the 50-day exponential moving average (50-day EMA). As long as this area is not overcome as resistance, the possibility of a significant rebound in DOGE’s price is weak. Moreover, as BTC continues to close at lower levels, there is little reason to remain optimistic.</p> 
<p style="text-align: justify">The key level is a close above $0.159, and as of the writing of this article, DOGE’s price is below it. In the coming days, there is a risk of sharp declines towards the $0.12 and $0.10 levels. Conversely, levels of $0.159 and $0.18 could be targeted in the opposite scenario.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/exploring-dogecoins-market-trends-and-predictions/" data-wpel-link="internal">Exploring Dogecoin’s Market Trends and Predictions</a></h5>

Exploring Dogecoin’s Market Trends and Predictions

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