Dogecoin: DOGE predicted to rise 60%!
Markets are volatile again, Bitcoin falls below the $61,000 mark!
This price drop is contrary to the usual upward trend of the cryptocurrency market in October.
Not only Bitcoin, but other crypto assets have also fallen. The global cryptocurrency market value has shrunk by 2.7% in just 24 hours, and now only has $2.23 trillion.
Dogecoin was not spared, and the daily chart shows that it fell by 1.9%, and it fell by 3.2% compared to last week.
But then again, although there has been some adjustments recently, Dogecoin has risen a little on the 14-day and monthly charts, up 0.9% and 5.8% respectively, and has risen by 69.3% from October 2023 to now.
Let's talk about the SEC, which recently filed another appeal in the Ripple XRP case.
So why did the cryptocurrency market fall today?
It may be that the geopolitical situation in the Middle East is tense again. Iran has launched an attack on Israel, and everyone is worried that the conflict will escalate.
In this way, investors may not dare to take risks, and funds in the cryptocurrency market will flow out.
Speaking of Solana SOL, some analysts predict that it will hit a record high by the end of 2024.
As for Dogecoin, some analysts say it may rise by 60%.
A cryptocurrency analyst named Ali Martinez said that Dogecoin is now retesting the breakout point from a descending wedge.
If this point can be held, Dogecoin may rebound to $0.16. In other words, from the current price to $0.16, it can rise by about 60%.
But not everyone is so optimistic. Changely analysts think that Dogecoin may continue to fall this month, and may fall to $0.094 by the end of the month, which is about 6% from now.
Firm belief comes from the understanding and insight into the profound economic logic behind the cryptocurrency market. If you have been chasing ups and downs, often being trapped, without the latest news in the cryptocurrency circle, and without a direction, click on the avatar to view the introduction and share the 10x coin selection!
