Dogecoin, which is considered the undisputed leader of meme coins in terms of volume, seems to have achieved this again yesterday when it was discussed when it could exceed $ 0.10. While it has been seen that Elon Musk has started to openly support DOGE again in recent days, it has not gone unnoticed that he has also increased his shares in this area. In the midst of all this, the rise in DOGE has made it worth examining for analysts, as it was seen that two different names shared their new comments.
DOGE Comments
Elon Musk and Bitcoin, whose name has started to be heard again on the DOGE side in recent days $55,278.30 With the effect of the increase in its price, the DOGE price exceeded $ 0.10 again today, reflected in the charts. What attracted attention in this process were the comments of the analysts. First, the X user known as Master Kenobi shared a chart and commented on the price movement of DOGE. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Master Kenobi made the following comments:
The DOGE bear market has consisted of three major downtrend cycles. Coincidentally or not, the first cycle lasted 540 days, or about 1.5 years; the second lasted 364 days, or a full year; and now we are completing the third downtrend cycle, which lasted about 182 days, or half a year. This pattern may suggest that the bears are preparing for hibernation somewhere in a Matrix.
Following Master Kenobi, Kevin, one of X’s well-known analysts, also shared a chart with his DOGE comment.
Kevin’s comments were as follows:
#Dogecoin
$0.097739as we mentioned macro gold held weekly support in the pocket. The golden cross is a few green weeks away and is also trading inside this big bullish falling wedge/channel. Very bullish setup. #DOGE #Altcoins
How Many Dollars is DOGE?
DOGE continued its rise that started yesterday. DOGE’s price increased by 9% in the last 24 hours, allowing it to find buyers at $0.1038 as of writing time. This situation caused the market volume to exceed $15 billion, which puts it in 8th place.
Finally, it can be seen that the transaction volume reached 800 million dollars, which can be interpreted as a visible increase in investor and interest.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
