🕴️Cryptology experts spoke about the prospects for the movement of quotes for Dogecoin and other altcoins 🪙
Since the approval of spot Bitcoin ETFs in the US, short sentiment has intensified in the market. The Cryptology team talked about the potential price movements of three altoins: Dogecoin, Polkadot and Radiant Capital.
Dogecoin (DOGE)
How realistic is a price correction of 40%? If we find the minimum of 2024 in the next six months, as evidenced by the theory of the beginning of the “bullish” cycle, then this will be an ideal entry point into positions.
To set a swing position, we are interested in a price correction to the following levels: $0.07049, $0.04901, $0.05500.
If the price reaches $0.07049, we will begin to accumulate the position. Having seen a local manifestation of force, we can consider an increase in volume closer to the average.
As soon as we get down to the $0.05500 level, we will consider buying with limit orders in order to fully form the yearly minimum, where the targets will be focused on the $0.17098 mark.
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