Is Dogecoin about to rise? Analysts say $0.36 is a good buying opportunity
On Tuesday, Dogecoin's price dropped to $0.3668, which is a great buying opportunity, according to analysts. Although the price has rebounded a bit now, it is still hovering around $0.39. Analysts remind everyone that if you don't buy now, you might miss the chance for a significant surge in Dogecoin.
Crypto Scofield, a technical analyst, posted an article on X stating that this is the last chance to buy Dogecoin. If you miss it, you may never catch the big explosion of Dogecoin again.
Did you know that Dogecoin previously rose from $0.089 to $0.1015? It even broke the 2021 high in November. Although it dropped a bit in December, analysts still say that buying Dogecoin now and waiting for the next big surge will definitely make money.
Crypto Scofield also mentioned that Dogecoin could reach $3 in the short term.
How is Dogecoin doing now?
The recent drop has made the risk-reward ratio for Dogecoin look quite good, and other analysts believe that Dogecoin can rise. Analyst Rose said that buying Dogecoin now and holding it long-term has low risk and high returns.
He also suggested that when Dogecoin rises to $0.7 (near the last high) or $0.9977 (breakout price), it might be a good time to consider selling. Of course, if the price continues to drop, you need to cut losses quickly at $0.32.
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