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DOGECOIN INCREDIBLE PRICE SOON !! DOGE BREAKOUT TODAY

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Synopsis: In the last 24 hours, Dogecoin has traded at $ 0.116, with a market value of $15.40 billion and a market share of 0.86 percent. The DOGE price climbed 0.43 percent in the last day.

On May 8, 2021, Dogecoin hit an all-time high of $ 0.738. As of this writing, the price is $ 0.108 cycle low. The most recent cycle high for DOGE was $ 0.137. The current price forecast for Dogecoin is bleak.

There is now 132.67B DOGE in circulation out of a maximum supply of 0.00 DOGE. Dogecoin is currently the third most valuable Proof-of-Work currency and the first most valuable Meme Coin. By March 19th, 2022, the current value of Dogecoin is expected to rise 4.05 percent to $ 0.120. The current mood appears bearish, and the Fear & Greed Index shows extreme fear. More than 37% of the past 30 days were positive, with a price volatility of over 8%. Buying Dogecoin today is a bad idea, we predict.

Dogecoin’s support levels are at $0.109, $0.106, and $0.103. Dogecoin ($0.15) ($0.118) and ($0.121) have similar levels of resistance.

Dogecoin’s price has been steadily declining since its peak in May. We’ve regained critical support levels last seen in early 2021. Starting on December 4th, 2021, the Dogecoin price has been consolidating for three months. On February 22, DOGED fell below the $0.127 support level.

The Dogecoin bears are aiming for the $0.075-$0.119 Fair Value Gap. To create this pricing inefficiency, DOGE surged 951 percent in April 2021.

Market makers are also trying to solve this inefficiency, which is why the market is now declining. While this is a negative development, it allows lapsed investors to buy DOGE at a discount.

As a result, the present decline is the meme coin. Dogecoin’s price is predicted to continue falling and settle around $0.075 in the near future. Dogecoin’s second leg of consolidation may occur if Bitcoin continues to recover. This negative trend will be ended if the price closes above $0.127.

In this instance, DOGE will go for the $0.163 weekly resistance. If this recovery run is successful, it will represent a 28% increase, which is likely to be the top. Excluding Tether, the correlation coefficient for Dogecoin is 0.330 and for the top 100 currencies by marketcap is 0.78. Look at Dogecoin’s pricing history to see what could happen in the future. In the last month, the DOGEUSD pair has dropped 23.23 percent. A year’s return on DOGE USD is 107.21.

Since Dogecoin is favorably correlated with many other cryptocurrencies, its price movement is likely to affect other cryptocurrencies. To put it another way, any change in the value of Dogecoin will affect the value of the currency connected with it.

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