Price: $0.19201 -2.9321%
Market Cap: 28.17B 1.1038%
Volume (24h): 4.38B 0.2%
Dominance: 1.1038%
Price: $0.19201 -2.9321%
Market Cap: 28.17B 1.1038%
Volume (24h): 4.38B 0.2%
Dominance: 1.1038% 1.1038%
  • Price: $0.19201 -2.9321%
  • Market Cap: 28.17B 1.1038%
  • Volume (24h): 4.38B 0.2%
  • Dominance: 1.1038% 1.1038%
  • Price: $0.19201 -2.9321%
Home > Information news > Dogecoin’s Price Surge: Will It Continue?

Dogecoin’s Price Surge: Will It Continue?

Release: 2024/03/19 06:50 Reading: 477

Original author:COINTURK NEWS

Original source:https://coinmarketcap.com/community/articles/65f8917dcb986e0ba8628d38

You can also read this news on COINTURK NEWS: Dogecoin’s Price Surge: Will It Continue?

Dogecoin (DOGE) has experienced a significant decline in price and value over the past few days. However, despite the recent price drop, DOGE‘s charts have revealed a 78% increase over the last 30 days. Will this upward trend lead DOGE to reach $0.2 in the coming weeks?

Dogecoin’s Santiment Charts

The value of Dogecoin fell to $0.140 on March 17th. As the token’s value decreased, so did network activity. According to Santiment data, the daily active addresses of the meme token declined last week. The number of transactions also followed a downward trend, suggesting less investor interest in cryptocurrency transactions. However, the meme token registered a recovery in the last day due to changes in overall market conditions. According to the 21milyon.com website, DOGE has shown an increase of over 6% in the last 24 hours.

The recent uptrend has given investors hope that the upward trend will continue, potentially leading DOGE to touch $0.2. Over the past week, as social volume decreased, so did DOGE’s popularity. The sentiments surrounding the cryptocurrency also continued to trend downward, as seen by the prevailing negative sentiment. The derivative market is also showing a strong downtrend, which minimizes the chances of DOGE touching $0.2 in the short term.

DOGE Price Prediction

The funding rate for the cryptocurrency dropped at the time of writing, suggesting that derivative traders are not actively buying DOGE. A decrease in this metric during a price increase could indicate that the bullish surge might soon end. Dogecoin’s Relative Strength Index (RSI) showed a decline. The Money Flow Index (MFI) also followed a similar downward trend, indicating that DOGE’s bullish surge might soon come to an end.

In conclusion, Dogecoin has seen a price decline in recent days but has shown a significant 78% increase over the last 30 days. Investors are curious whether the $0.2 target will be achieved. However, the downward trend in the derivative market and the drop in the funding rate increase uncertainty.

The post first appeared on COINTURK NEWS: Dogecoin’s Price Surge: Will It Continue?

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.