Dogecoin Recovery In Sight? Key Metrics Predict A Strong Bounce
After months of struggle in gathering momentum, Dogecoin (DOGE) might be about to undergo a dramatic price reversal. Monitoring the movements of the meme coin, analysts believe it has hit a turning point and might thus launch a quick comeback. The question at hand is whether Dogecoin can seize this opportunity and emerge from its decline, as key indicators are currently displaying bullish signals. Related Reading: Bitcoin And S&P Decline Together, But Data Predicts A Turnaround Analysts Spot Signs Of A Bottom Some analysts contend that Dogecoin has already reached its lowest price point,....
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Despite a strong community and impressive marketing efforts, the Dogecoin price has consistently declined for the majority of 2014. Despite strong community support and impressive marketing efforts, the Dogecoin price has declined consistently for the majority of 2014. The reasons for the Dogecoin price decline are not immediately clear, although the decline may be related to Dogecoin's economic model. If Dogecoin does not recover soon, Reddcoin may challenge its place as the leading social and tipping currency. Dogecoin Price Decline Continues. Dogecoin investors should be worried.....
Over the last 24 hours, Bitcoin price has dropped around 8% after failing to extend its previous upward momentum. The impact of this fall has subsequently been reflecting in altcoin charts as well. Though in this article, we will particularly focus on Dogecoin - an altcoin with the fifth richest market cap, and counting. As you notice, the price activities in last 24 hours (thanks to the CoinGecko's intuitive chart above), you may see how DOGE/USD has dropped from 15,235 to 14,342 satoshi. But overall, the meme-based cryptocurrency is still looking like its good colleagues, Litecoin and....
Dogecoin appears to be preparing for its next significant move, with a familiar price structure showing up on its price chart. According to crypto analyst (basictradingtv), the meme coin is playing out a trend of rounding bottom patterns and parabolic rallies, which have always sent its price to all-time highs. The current setup suggests that Dogecoin’s ongoing recovery from its March low may not just be a temporary bounce, but there’s a 100% chance it is the beginning of a much larger parabolic rally. Dogecoin Trading In A Familiar Cycle: 100% Chance Of Rally At the core of....