DOGE, which lost 3.2% in value in the last 24 hours to $ 0.148, experienced this decline at a time when the broader crypto market remained almost stable.
Despite falling by 22.7% last week, DOGE, which has increased by 4.3% in the last 30 days and 62.3% in the last year, is 79.72% higher than its all-time high of $ 0.7316 in May 2021. is trading at a low level. However, this suggests potential gains for DOGE. In particular, the upcoming Bitcoin halving is expected to have positive effects for DOGE along with increasing market rallies.
The bulls could not maintain the critical level for DOGE's price prediction and one wonders what will happen now. However, DOGE's RSI indicator seems to be showing signs of recovery, breaking through the 50 level. Additionally, DOGE's 30-day moving average has also started to rise, indicating that the cryptocurrency is entering a recovery process.
This past week, we witnessed many DOGE transfers, especially from platforms such as Robinhood. This indicates that some large investors are accumulating the token ahead of a possible rally, observing that DOGE has found solid support at the current $0.15 level.
DOGE's potential recovery could occur due to market-wide factors, such as the Bitcoin halving, or DOGE-specific factors. Additionally, increased interest in Dogecoin and support from influential people such as Elon Musk could also increase the price of DOGE.
On the other hand, interest in new meme tokens that offer greater earning potential as alternatives to Dogecoin is also increasing. For example, multi-chain cryptocurrencies such as Dogeverse (DOGEVERSE) are attracting investor interest and raising significant funds. This token will be integrated with various blockchains and will be released in the coming period.
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So who will benefit?
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I EXPLAIN IN DETAIL.
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