Saturday, July 20, 2024

Why the upcoming pullback is an urgent opportunity to acquire dogecoin.

Like every stock and crypto in the stock market, Dogecoin has experienced a steep price loss. This crypto though, has seen an upward trend of 55% since a massive sell off on June 13th, 2022. Dogecoin prices have gone up $.07 and analysts expect the price to keep going up after testing barriers. This crypto is on many traders’ watch lists for the current week.

Dogecoin has been trading at $.0735 and market watchers fully expect the price to rise further. A 55% rise in prices is heartening and the expected trading price to touch $.24 and higher. The current trend is very bullish and is expected to pull back a bit before going higher. According to technical information, the next test will be at the $.0378. This is considered a great price point and investors are being encouraged to put in a buy stop for the short term.

Analysts say that if the price rise is invalidated, then a breach should be expected to be below the levels of June 13th. Prices would be $.049. If the bears take over, it could result in a massive sell off leading to a 75% decrease in Dogecoin prices, from the current level. Most investors are jittery but also buoyed by the uptick in prices – more than half a million wallets showed purchases of close to 10.8 billion tokens. This is a heartening development and expect to see more activity in the dogecoin sector.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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