Attention! Experts Have Announced the DOGE Forecast: At the End of the Year, These Levels Are Coming!
While Dogecoin (DOGE) continues to be the focus of investors thanks to Twitter and Elon Musk, it is curious at what level DOGE will finish the end of the year.
Dogecoin: Bitcoin, Fed and FTX!
Over the past few weeks, Dogecoin has performed well overall. Before falling again as a result of the FTX collapse, DOGE managed to become the focus of the investor again at the end of October with his surprise and massive rally. In this process, DOGE performed better than many other crypto currencies. As the new year approaches, investors are wondering at what levels the Dogecoin price will be in the coming weeks. The price of Dogecoin has experienced significant ups and downs over the past week. At the end of October, we observed a large altcoin rally, which caused their prices to rise in the short term. Dogecoin doubled in value, becoming the best performing altcoin. This was partly due to Elon Musk’s purchase of Twitter.
Due to the FTX crisis, the Dogecoin price has once again suffered significant losses. However, meme coin managed to recover again in the weeks following the collapse. According to CryptTicker analysts, the DOGE may regain momentum again in December, when the first shock effects of the FTX crisis have passed and positive news from the Fed is expected. According to experts, the price of Dogecoin tends to increase significantly from time to time. However, this happens more often in the bull market.
Meme coins usually fail in a bear market. Shiba Inu (SHIB) is the best example of this. However, Dogecoin has performed much better than SHIB in the current bear market. Ultimately, this is primarily due to a combination of two factors. First of all, the DOGE rally was triggered by the Bitcoin price rising above $21,000. The takeover of Twitter by Elon Musk also served as a big catalyst.
Analysts Are Painting an Optimistic Picture!
According to analysts, so there have been ups and downs in recent weeks. We may see a stronger movement in the Dogecoin price by the end of 2022. Recently, we have seen the Bitcoin price trying to break the $17,000 resistance level, potentially triggering a rise to $20,000. This could also trigger another altcoin rally before the end of the year.
According to experts, the price of Dogecoin will be determined by whether the price of Bitcoin can still continue to rise. If this happens and altcoins rise drastically again, Dogecoin may experience a price explosion, especially at the end of the year.
Over the past two weeks, the price of Dogecoin has reached $ 0.10 and even exceeded this level. If there is an altcoin rally in the coming weeks, it may break the $0.11 resistance level. If an upward break occurs, the DOGE could rise by 20 to 30 percent in the weeks leading up to the end of the year. This indicates that the DOGE may start to move above $0.13. It seems unlikely that it will fall below $0.090 in the coming weeks. As a result, analysts predict that by the end of the year, the Dogecoin price range will be between $ 0.90 and $ 1.30. Decembers. DOGE is currently trading at $0.09818.
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