Altcoin NewsPrediction

Meme Crypto Dogecoin Price Moons, Hits Almost 100% Increase

  • Dogecoin skyrocketed in its market price to almost 100% in the last 24 hours.
  • Bullish DOGE price prediction is up to $.030
  • The bearish price prediction for DOGE is $.004

The crypto world never fails to come up with big surprises that always catch investors’ attention globally. In fact, meme cryptocurrency Dogecoin is trending, and this has nothing to do with Tesla CEO Elon Musk.

Today, Dogecoin skyrocketed in its market price to almost 100% in the past 24 hours. As a result, the market capitalization of the crypto boost to over $1.5 billion. In other words, the crypto is in a bullish position.

Now that you know the latest details about Dogecoin, is Dogecoin a good investment this 2021? Are you already interested? Therefore, join me and together let us find out in this CoinQuora Dogecoin price prediction article.

DOGE Price Prediction 2021

DOGE ALMA and MACD
DOGE ALMA and MACD (Source: TradingView)

Based on the graph above, the crypto continues to survive the crypto world’s wild market volatility. Also, the chart shows how DOGE boosted its price from $.0046 on January 1, 2021, to .0139 after 24 hours. For this reason, the price of the crypto has achieved an increased rate of almost +200%, a rate investors favored.

Currently, DOGE token trades a high price $.0123 above the Arnaud Legoux Moving Averages (ALMA) indicator. If this keeps on, the crypto might go beyond its resistance level of $.0145. If this happens, DOGE may reach the bullish price of $.025 to $.030. Of course, this is most likely to happen if the market continues to favor the crypto.

On the other hand, if the bullish market turns against the crypto, DOGE might break out from its uptrend position. In short, DOGE price may fall to almost $.006 with a decline rate of -44.9% from its current price.

In this case, DOGE must recover and regain its uptrend position above ALMA. Otherwise, the bearish market could overcome DOGE and drag down its price even further to $.004.

Meanwhile,  the moving average convergence/divergence (MACD) of the crypto is about to perform a bullish crossover. Hence, traders can expect a bullish trend in the days to come.

Read More: How Has Dogecoin Survived So Far?

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies

Jay Manila

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.

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