🐶 DOGE Bulls Hold at $0.15 — Is the Rally Still Alive? The
fulldeg
Updated at: 7 hours ago
{"content":"🐶 DOGE Bulls Hold at $0.15 — Is the Rally Still Alive?
The price of Dogecoin (DOGE) has dropped by more than 4% in the last month, which shows that there has been a somewhat stronger negative trend in the last few weeks. Like Bitcoin, the top altcoin and memecoin has seen big changes in the market since it hit a local high of $0.249 on May 22.
The trendline for Dogecoin right now goes through the $0.150 price level. The expert says that market bulls need to protect this price range, which not only makes it more likely that the price will go up, but also stops a collapse and a full switch to a negative market.
It's interesting that every time the price retests the highlighted trendline, it bounces and starts a parabolic surge. Between 2023 and 2024, prices went up by $0.059 to $0.210 (about 255% increase), and in 2024, they went up by $0.095 to $0.470 (about 395%). Ali Martinez, on the other hand, gives a cautious price goal, saying that a defense of the $0.15 support level would allow for a swift positive recovery to at least $0.220.
Still, with strong bullish pressure like what we've seen in past rallies, DOGE investors may anticipate the price to go up to around $0.24, with the possibility of going back to the local market top of $0.47.
DOGE is now trading at $0.164, which is a little price increase of 0.91% on the daily chart and 0.56% on the weekly chart. The memecoin's daily trading volume has dropped by 56.81%, which shows that interest in the market has dropped a lot.
DOGE will stay around $0.160 for the next five days, but they also say that the price will go up to $0.193 in a month. In the meanwhile, their long-term predictions reveal that prices aren't likely to rise much in the long run. For example, they estimate prices to reach $0.197 in three months and $0.169 in six months.
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