The recent instability in the market has intensified the importance of predicting the price of dog coins. DOGE is a cryptocurrency based on popular internet memes, which has received widespread attention due to the strong support of billionaire entrepreneur Elon Musk for this asset
The recent instability in the market has intensified the importance of predicting the price of dog coins. DOGE is a cryptocurrency based on popular internet memes, which has received widespread attention due to the strong support of billionaire entrepreneur Elon Musk for this asset.
Under Musk's advocacy, the value of DOGE experienced significant fluctuations. This includes a significant increase after Tesla's CEO released every tweet about meme coins.
The recent market fluctuations have led to a 14% drop in the price of DOGE in the past 7 days. According to CoinMarketCap data, the trading price of Dogcoin is $0.07852. As the meme currency falls below the local support level of $0.084- $0.0793, let's take a look at whether the value of DOGE is rising or falling.
Dog Coin - Will it rise from critical support levels?
Careful observation of the DOE chart reveals that it received strong support of $0.084 after breaking through the horizontal line. However, the direction of dog coin prices is still uncertain.
If the entire market proves bullish, the dog coin may close above the support level of $0.084. According to CoinGap, this may push the price of DOGE up by 24%. However, if memes fail to gain momentum, it may lead to a sharp drop in prices. Perhaps all these predictions will also change completely with a tweet from Musk.
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