The biggest memecoin Dogcoin $0.166105 (Doge) continues to create mobility in the crypto money market. In the last 24 hours, approximately 3 percent decreased at $ 0.166, Dogge, 6.8 percent on a weekly basis lost value. According to CCN’s report, the crypto money analysis company, Dogecoin’s funding rate has passed to the negative region. This shows that investors take a decline in Dogge. In addition, the high Network value/transaction (NVT) ratio shows that speculation is dominant instead of real use in Dogge. According to analysts, if investor interest does not increase in the short term Dogecoin Price It may drop to $ 0.10. However, if Doge manages to exceed $ 0.18, a serious recovery process may begin.
Dogecoin comments and analysis of analysts
Some analysts think that Doge is ready for a potential rise trend. The high level of all time in Dogecoin was recorded in May 2021 for $ 0.73, and according to analysts, if this level is exceeded, the new target for Doge can be $ 1.
Crypto currency analyst Ali MartinezDoge currently tested $ 0,167, the critical support level. According to Martinez, if the price manages to hold above this level, it may be a strong movement towards $ 0.175 and then to $ 0.183.
Analyst who shared his analysis at TradingView Greencrypto In the weekly graph, Doge announced that the “rising wedge” formation. This formation is considered as an indicator of a long -term rise trend since 2023. If the formation is completed, the memecoin may rise up to $ 1,161 by 582 percent rise. However, the analyst warned that the price may fall further if the price was withdrawn below $ 0.177.
A Diege Rally can start the Altcoin season
Crypto currency analyst CAS AbbeHe thinks that a rally that Dogecoin will do is a trigger that can start the long -awaited Altcoin season. According to the ABBE, great rise in Dogecoin since 2017 Altcoin seasonpointed to the beginning.
Analyst, Altcoin marketHe says that Doge should first exceed $ 0.22 in order to start a new rise season. In addition, in the last week, large investors (whale wallets) accumulate over 100 million units.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
