Echoes Of Bull Runs Past
Hope for Dogecoin depends on a newly discovered trend reflecting its 2016 and 2020 behaviour. A similar pricing pattern existed back then before notable bull runs drove DOGE to unprecedented heights. For DOGE holders, this revelation has sparked a ray of hope; other analysts project a similar result in the next weeks or months.
monthly : it’s just a symphony ! $DOGEUSD 𝕏Ð — Olivier Ð 𝕏 (@Dark64)
Technically, things seem to be in line for a possible explosion. Indicators of purchasing and selling pressure, the Chaikin Money Flow (CMF) and Relative Strength Index (RSI), show both positive trends that point to rising market confidence.
Technically, things seem to be in line for a possible explosion. Indicators of purchasing and selling pressure, the Chaikin Money Flow (CMF) and Relative Strength Index (RSI), show both positive trends that point to rising market confidence.
Short-Term Blues And Bearish Whispers
For Dogecoin, meanwhile, not all indicators lead towards sunlight and rainbows. Though prices have lately increased, the general attitude of the market on DOGE is still somewhat negative.This hostility shows up in a notable drop in weighted sentiment, a gauge of the general tone of coin-related social media comments.
Moreover, short-term indicators such as trade volume and speed present alarming picture. Over the past week, trading volume—that is, the frequency of DOGE bought and sold—has dropped significantly.
Dogecoin Price Prediction
Technical indicators for Dogecoin are although a recent run with 43% positive days and rather low volatility is under progress. By July 4th, the present projection is for a price decline of more than 13%, landing at $0.135.
Featured image from Carrie Glenn, chart from TradingView