Brace For Impact: Dogecoin May Plunge Before Skyrocketing 400%—Analyst
Dogecoin still remains capped at the $0.15 level with its price trading at $0.158, having decreased 0.35% in 24 hours and 2.02% in the last week. Related Reading: Bitcoin Dominates Q1: Altcoin Season Nowhere In Sight—Report Various attempts to pierce key levels have been unsuccessful, with prices going as low as $0.149 before recovering marginally. Market observers indicate that these short-term setbacks could be a prelude to monumental price swings in either direction. Possible 40% Fall Before The Huge Rally A fresh analysis published on TradingView by SwallowAcademy indicates Dogecoin....
Related News
Following the tumultuous last couple of days that saw Bitcoin plunge to lows of $28,950, the market as a whole has proceeded to make a swift recovery, with a vast majority of the top-10 cryptos once again sitting in the green. And while that may be a regular day in the office for most crypto investors, an increasing number of analysts have been issuing warnings for individuals to brace for impact as the coming few […]
Bitcoin bulls should brace for an impact from traders holding larger quantities of the cryptocurrency tokens, warns Robbie Liu.
The infamous meme token dogecoin has been skyrocketing in value rising more than 325.21% during the last 24 hours. After remaining below a U.S. cent for years, the humorous crypto asset is now exchanging hands for $0.05 per unit. The reason behind the big dogecoin price spike is similar to the recent Gamestop/Wallstreetbets story as a Reddit group called Satoshistreetbets has been behind the recent pump. In April 2019, the Tesla founder Elon Musk said dogecoin (DOGE) was his “fav cryptocurrency.” In June 2020, day traders from Tiktok decided to encourage people to buy dogecoin....
Dogecoin is on the verge of a massive breakout, according to one crypto analyst. The meme coin which has maintained a rather consistent uptrend over the last few days seems to just be getting started as analyst Ali Martinez sees a surge to $1.6. Dogecoin Price Primed For 2200% Move In a recent analysis posted […]
The overextended stock market bubble was already close to bursting, but some recent turmoil involving skyrocketing GameStop shares and a Reddit-driven short squeeze might break the already thin ice. If this happens, and the stock market turns down in a big way while Bitcoin is on critical support, there could be another sharp plunge across the greater market. GameStop: The Short Squeeze That Rocked The Stock Market Legacy markets are in an uproar today, following […]