DOGECOIN MASSIVE BREAKOUT !! DOGECOIN PRICE PREDICTION

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Synopsis:Dogecoin price today is $ 0.090, with a 24-hour trading volume of $ 596.46M, market cap of $ 12.04B, and market dominance of 0.88%. The DOGE price increased 2.70% in the last 24 hours.

Dogecoin reached its highest price on May 8, 2021 when it was trading at its all-time high of $ 0.738. The lowest price since it’s ATH was $ 0.067 cycle low. The highest DOGE price since the last cycle low, was $ 0.094 cycle high. The Dogecoin price prediction sentiment is currently bearish.

Dogecoin price in US Dollar has decreased, by -37.67% in the last 1 month. DOGE is down -10.73%, against Ethereum and down -19.00% against Bitcoin in the last 1 month.

Crypto experts project that Dogecoin, might plunge 70% in the next few weeks. At the time of this writing, Dogecoin had plummeted for the past 12 months. Dogecoin had lost 80% of its value in the past year. That’s how bad Dogecoin has been performing.

Experts believe that Dogecoin’s lack of use case, is one of the reasons $DOGE might tank even further. which has real use cases, Dogecoin is just another meme coin. The major use of Dogecoin is to be used as a digital currency for payments. Dogecoin token has no real use case or an ecosystem to run.

The other reason Dogecoin might tank 70%, is the huge number of whales selling. This is a big problem for most meme coins, not just Dogecoin. The number of Dogecoin holders has been decreasing fast, which is reflected in the ever-reducing price

The fast growing competition from more attractive coin,t is another reason Dogecoin might drop 70%. there are projects that are posting fast growth have been attracting most of the Dogecoin investors.

With these projects, expected to start exploding, more Dogecoin investors are expected to leave to join them. That’s how the Dogecoin price might hit 70% in the next few weeks. According to our current Dogecoin price prediction, the value of Dogecoin will rise by 5.16% and reach $ 0.095, by May 20, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing Extreme Fear. Dogecoin recorded 38%, green days with price volatility over the last 30 days. Based on our Dogecoin forecast, it’s now a bad time to buy Dogecoin.

Based on today’s classical pivot point, with the value of $ 0.090, Dogecoin has support levels of $ 0.088, $ 0.084, and the strongest at $ 0.082. Similarly, Dogecoin resistance levels are at $ 0.094, $ 0.097, and $ 0.101. Dogecoin price is positively correlated with the top 10 coins by marketcap with a value of 0.909, excluding Tether and positively correlated with the top 100 coins, by marketcap excluding all stablecoins with a value of 0.828.

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