Dogecoin (DOGE) Weekend Price Prediction
Dogecoin (DOGE) had an explosive breakout in early March following on the heels of Bitcoin’s (BTC) rally. While BTC hit a new all-time high, DOGE entered the top 10 cryptocurrencies by market cap.
The March momentum seems to be dying out. DOGE has faced a significant price correction over the last few days. The dogcoin is down by 12.8% in the weekly charts, 22.5% in the 144-day charts, and more than 26% over the previous month.
Also Read: Are Investors Giving up on Dogecoin & Shiba Inu Amidst Major Drop?
DOGE’s latest dip is likely due to Bitcoin falling below $64,000. The original crypto has fallen by 3.7% in the last 24 hours and by 4.8% in the last week. BTC’s decline, meanwhile, is likely because of miners capitulating. The price of mining one BTC breached the $86,000 level earlier this week. Miners have begun selling their holdings as a result.
Will Dogecoin recover this weekend?
Researchers at CoinCodex predict BTC to reclaim the $69,000 level this Sunday, June 23, 2024. If BTC rebounds, other assets may follow its trajectory. The platform does not paint a similar picture for DOGE. CoinCodex research shows that DOGE could slide down to $0.1241 on Sunday, 2024, a drop of about 0.16% from current levels.
Also Read: Cardano Founder Says Elon Musk May Hold 20% of Dogecoin Supply
Changelly also anticipates Dogecoin’s price to decline over the next few days, falling to $0.10 by early July.
According to crypto analysis firm Santiment, “Crowd sentiment has dropped significantly” for DOGE. The platform also says that FOMO is at its lowest this year.
— Santiment (@santimentfeed) June 17, 2024
Crowd sentiment has dropped significantly for XRP, Dogecoin, and Shiba Inu after their respective price drops. Patient traders who have been waiting for the crowd to give up on these large cap altcoins may finally have their buy opportunity with FOMO at a 2024 low. pic.twitter.com/Pf65huJJnd
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Dogecoin Must Hold This Level—Or Risk A 30% Price Crash
Dogecoin (DOGE) Weekend Price Prediction
Dogecoin (DOGE) had an explosive breakout in early March following on the heels of Bitcoin’s (BTC) rally. While BTC hit a new all-time high, DOGE entered the top 10 cryptocurrencies by market cap.
The March momentum seems to be dying out. DOGE has faced a significant price correction over the last few days. The dogcoin is down by 12.8% in the weekly charts, 22.5% in the 144-day charts, and more than 26% over the previous month.
Also Read: Are Investors Giving up on Dogecoin & Shiba Inu Amidst Major Drop?
DOGE’s latest dip is likely due to Bitcoin falling below $64,000. The original crypto has fallen by 3.7% in the last 24 hours and by 4.8% in the last week. BTC’s decline, meanwhile, is likely because of miners capitulating. The price of mining one BTC breached the $86,000 level earlier this week. Miners have begun selling their holdings as a result.
Will Dogecoin recover this weekend?
Researchers at CoinCodex predict BTC to reclaim the $69,000 level this Sunday, June 23, 2024. If BTC rebounds, other assets may follow its trajectory. The platform does not paint a similar picture for DOGE. CoinCodex research shows that DOGE could slide down to $0.1241 on Sunday, 2024, a drop of about 0.16% from current levels.
Also Read: Cardano Founder Says Elon Musk May Hold 20% of Dogecoin Supply
Changelly also anticipates Dogecoin’s price to decline over the next few days, falling to $0.10 by early July.
According to crypto analysis firm Santiment, “Crowd sentiment has dropped significantly” for DOGE. The platform also says that FOMO is at its lowest this year.
— Santiment (@santimentfeed) June 17, 2024
Read More