Greed

Dogecoin

2024

Dogecoin (DOGE) prices might be about to go through the roof. Famous crypto researcher Javon Marks thinks that the value of DOGE could go up by 378%, which could push the meme currency to an all-time high of $0.6533. If this prediction comes true, it will be a huge change for DOGE, whose road has always been like a roller coaster. 
<h2 id="strong-dogecoin-the-bullish-outfit-strong">Dogecoin: The Bullish Outfit</h2> 
Javon Marks compares Dogecoin’s price fluctuation to a market shakeout, which entails a small decline to eliminate weaker investors before a big surge. <a href="https://www.coingecko.com/en/coins/dogecoin" target="_blank" rel="noopener nofollow">DOGE</a> breached a major resistance level after recovering from a severe fall, signalling a market turn towards optimism. Marks thinks this breakthrough might push DOGE to $0.6533, a 378% increase from its current price. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$DOGE</a> (Dogecoin) continues to recover here, making the recent pullback look more and more like a shakeout and these prices can be near ready for a massive continuation towards the $0.6533! 
 This target ($0.6533) remains well in play due to prices of Dogecoin holding broken out of… <a href="https://t.co/KeX303xNlx" rel="nofollow">https://t.co/KeX303xNlx</a> <a href="https://t.co/iCiRxK3hSD" rel="nofollow">pic.twitter.com/iCiRxK3hSD</a> 
 — JAVON<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1814686361447719079?ref_src=twsrc%5Etfw" rel="nofollow">July 20, 2024</a>
</blockquote> 
Dogecoin is trading at $0.1316 at the time of writing, a little 3.50% rise in the past 24 hours. Supported by a notable 31% increase in trade volume, this upswing conforms with a short-term optimistic trend. The more people participating in the market, the more interest and expectation of further price changes implies. 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-630885" src="https://www.newsbtc.com/wp-content/uploads/2024/07/A_69cfab.png?resize=1024%2C626" alt="" width="1024" height="626" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/A_69cfab.png?resize=1024%2C626?w=1436 1436w, https://www.newsbtc.com/wp-content/uploads/2024/07/A_69cfab.png?resize=1024%2C626?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/A_69cfab.png?resize=1024%2C626?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/A_69cfab.png?resize=1024%2C626?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/A_69cfab.png?resize=1024%2C626?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/A_69cfab.png?resize=1024%2C626?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> 
<h2 id="strong-the-road-to-0-6533-strong">The Road To $0.6533</h2> 
Marks underlines that the only obstacle on the way to get $0.6533 is time. Any pullbacks during this period, he says, are probably support levels that help to sustain the general advance. Having previously exceeded the vital 50-day EMA at $0.127, DOGE’s price is currently hanging at the 100-day EMA at $0.134. This support level has shown to be crucial as it shows great buying activity at this pricing range. 
<img loading="lazy" decoding="async" class="size-full" src="https://www.tradingview.com/x/x1R48YBt/" width="1835" height="883"> 
Still, the path to $0.6533 is not without difficulties. At 59.69 right now, the RSI indicator points to the market reaching overbounded area. This suggests that, should the price keep rising without a time of stabilisation, the bulls may become tired even if there is still space for upward mobility. DOGE Price Forecast 
Though the general view is positive, <a href="https://coincodex.com/crypto/dogecoin/price-prediction/" target="_blank" rel="noopener nofollow">short-term forecasts</a> show DOGE’s price can decline. The present Dogecoin price forecast is that by August 21, 2024, the price of Dogecoin will drop by -14.25% to $0.118211. 
<img loading="lazy" decoding="async" class="wp-image-630886 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/07/A_39cabd.png?resize=1000%2C303" alt="" width="1000" height="303" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/A_39cabd.png?resize=1000%2C303?w=1000 1000w, https://www.newsbtc.com/wp-content/uploads/2024/07/A_39cabd.png?resize=1000%2C303?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/A_39cabd.png?resize=1000%2C303?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/A_39cabd.png?resize=1000%2C303?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/A_39cabd.png?resize=1000%2C303?w=750 750w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> 
Combining a Fear &amp; Greed Index with a score of 70 (Greed) with technical indicators reflecting the present market attitude—which is optimistic—this projection is formed. With 6.90% price volatility over the past 30 days, Dogecoin recorded 16/30 (53%) green days signaling that right now is a good time to buy it. The $1.25 Target Milestone 
Beyond the first target, Marks advises exceeding and maintaining over $0.6533 to release another 90% rise, therefore driving DOGE to a price of $1.25. For this meme coin, reaching this milestone would be a historic triumph raising its price to levels not seen in previous significant market boom. Such a climb would confirm DOGE’s place in the crypto market and maybe draw fresh investors, therefore greatly increasing its market valuation. 
Featured image from ComicBook, chart from TradingView

Dogecoin 380% Surge ‘A Matter Of Time’, Analyst Predicts

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