Greed

Dogecoin

Elon

<a href="https://optimisus.com/news/crypto-news/dogecoins-trading-volume-surges-by-over-35-in-the-past-24-hours/" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> is encountering a difficult future as a result of a substantial $16 million divestment by a prominent holder, presumably a "whale" investment.  
The crypto expert Mags has identified several stages in the historical price fluctuations of DOGE, and Phase 3 indicates a possible sharp decline to zero. The meme currency is now experiencing a downward trend and is expected to lose all its value due to its cyclical pattern.  
Although there has been a recent 4% price hike, technical indicators indicate that investors are uncertain and there is a possibility of a chain reaction.  
Although the situation may seem bleak, there is a small sign of optimism for DOGE. The recent increase in trading volume indicates a surge in activity, maybe suggesting a purchasing frenzy among dedicated DOGE holders.  
Breaking through the initial resistance level of $0.14 may indicate a possible reversal, but achieving this would need challenging past patterns and a substantial change in market outlook.  
The future of DOGE is now uncertain as Elon Musk, who is sometimes referred to as the "Dogefather," has been rather silent lately, lacking a significant factor that may drive a continuous upward movement.  
CoinCodex's technical analysis forecasts a 13% decline in the price of DOGE, with a projected value of $0.12 by July 13, 2024. The present sentiment is pessimistic, indicating a prevailing anticipation of a decrease in prices. However, the Fear &amp; Greed Index currently registers at 70, which signifies a significant degree of greed among investors.  
Remember that&nbsp;<a href="https://optimisus.com/news/crypto-news/dogecoins-trading-volume-surges-by-over-35-in-the-past-24-hours/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) trade volume</a>&nbsp;has increased by over 35.67% last month.

This crypto analyst says Dogecoin (DOGE) is under pressure and ‘going to zero’

Optimisus

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