Price: $0.40099 3.1292%
Market Cap: 58.9B 1.8104%
Volume (24h): 10.68B 0.4%
Dominance: 1.8104%
Price: $0.40099 3.1292%
Market Cap: 58.9B 1.8104%
Volume (24h): 10.68B 0.4%
Dominance: 1.8104% 1.8104%
  • Price: $0.40099 3.1292%
  • Market Cap: 58.9B 1.8104%
  • Volume (24h): 10.68B 0.4%
  • Dominance: 1.8104% 1.8104%
  • Price: $0.40099 3.1292%
Home > Information news > DOGE’s first bullish monthly supertrend close since 2021 signals stratospheric surge

DOGE’s first bullish monthly supertrend close since 2021 signals stratospheric surge

Release: 2024/04/02 21:42 Reading: 480

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/660bfef639e34a641aec0fad

Although the larger part of the cryptocurrency sector has entered calmer waters, Dogecoin (DOGE) included, the popular doge meme crypto asset may still make a massive surge in the near future, considering it has just closed its first bullish monthly candle on the supertrend since 2021.

Specifically, pseudonymous crypto analyst Mikybull Crypto has observed that Dogecoin has flipped bullish on a monthly close for the first time since 2021, expressing the view that its future “is going to be explosive,” according to the X post published on April 1 and shared by Bitcoinsensus on April 2.

Dogecoin price prediction 2024

More recently, the crypto market specialist pointed out that DOGE was recording a breakout of accumulation above $0.18468, and was “currently on retest for full send” upward, adding that “$1 is a magnet target,” according to the Analysis shared in an X post on April 2.

Picks for you

NAVI Protocol’s NAVI X Ecosystem Fund to aid Sui blockchain development 36 mins ago
Major Bitcoin top signals to watch for this cycle 40 mins ago
Shiba Inu’s incendiary surge: Over 15B SHIB burned in March blitz 2 hours ago
Binance Charity and Children of Heroes aid Ukrainian war-affected kids 2 hours ago

Moreover, responding to a question in the comments on whether this DOGE price prediction suggests that the currently eighth-largest digital asset by market capitalization would reach $1 in 2025, Mikybull Crypto opined that it could happen as early as this year.

Dogecoin price analysis

For the time being, the famous doge meme crypto is changing hands at the price of $0.18486, which means it has declined 10.11% in the last 24 hours but nonetheless increased its price by 0.44% across the previous seven days, in addition to accumulating a gain of 29.17% over the past month.

Ultimately, the analysts’ Dogecoin prediction might, indeed, come true, although the situation in this industry can sometimes make a sudden twist, which is why doing one’s own due diligence and keeping up with any relevant Dogecoin news is important when investing.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source: https://thebittimes.com/doge-s-first-bullish-monthly-supertrend-close-since-2021-signals-stratospheric-surge-tbt84226.html

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.