Dogecoin Price Prediction as DOGE Overtakes Cardano – $10 DOGE Possible in 2024?
Dogecoin has witnessed a remarkable surge, touching $0.217210 with trading volumes soaring to $5.84 billion.
The meme coin’s ascent of nearly 12% positions it as the 8th largest cryptocurrency, boasting a market capitalization of over $31 billion.
Despite the absence of a maximum supply cap, Dogecoin’s circulating tally stands at 143.66 billion. Let’s take a look at Dogecoin price prediction and fundamental’s outlook.
The pivot point is established at $0.2063, with Dogecoin currently exceeding this threshold, indicating a bullish sentiment.
Resistance levels are pegged at $0.2255, $0.2449, and $0.2661. Should Dogecoin’s upward trajectory persist, these markers will be crucial to watch.
Conversely, support levels are found at $0.1888, $0.1699, and $0.1483, which could stabilize any potential downturns.
Dogecoin breaks past pivot at $0.2063, hinting at bullish run with eyes on resistances at $0.2255, $0.2449, $0.2661. RSI at 77 signals overbought territory, suggesting caution. Watch for support at $0.1888, $0.1699, $0.1483. #DogecoinPrice #CryptoTrading pic.twitter.com/MggsGIDX6r
— Arslan Ali (@forex_arslan) March 29, 2024
The Relative Strength Index (RSI) at 77 hints at an overbought condition, suggesting a possible pullback.
Additionally, the 50-day Exponential Moving Average (EMA) at $0.1756 reflects the sustained bullish trend.
The breach of the upward channel at $0.2190 hints at further potential gains, but the appearance of an inverted hammer pattern warns of a potential correction.
Dogecoin’s price rally to its highest since December 2021 has been underpinned by significant speculation within the community, particularly concerning its integration into the X platform’s payment system.
Despite the broader market’s stability,
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