Dogecoin to hit $1.5 Soon | Dogecoin Price Prediction (1 July 2022)
By July 1, 2022, the value of dogecoin is anticipated to increase by 10.79 percent and reach $ 0.075352 based on our most recent price projection. Our technical indicators indicate that the current mood is bearish, and the fear & greed index is currently at 14. (extreme fear).
Several websites have conflicting opinions on the cryptocurrency’s long-term prospects following its sharp decline in the first half of 2022, including gov capital forecasts the crypto. 50 day SMA. $ 0.079549. SMA of 200 days. $ 0.129582. RSI for 14 days: 47.90.
In 2022, doge is expected to reach its maximum price of $0.0815, which will be the closest to the $1 or $1.5 level.
Dogecoin Price Today in India is ? 5.1 with a 24-hour trading volume of ?41,56,55,97,650. In the last 24 hours, DOGE-INR price has decreased by -3.51%. Dogecoin CoinMarketCap rank is 10. The circulation supply of Dogecoin is 1,32,67,07,64,299.894DOGE coins, with maximum circulating supply being unlimited.
Dogecoin Price Prediction for Last week In India
The DOGE price prediction for June 2022 will soon be made public by cryptocurrency specialists. During this month, the minimum and maximum trading costs might both be $0.085. It is anticipated that Dogecoin will typically be worth roughly $0.088.
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Latest News of Dogecoin in India for June 2022
A 20% RALLY FOR DOGECOIN IS SET TO TAKE PLACE IN JULY! PERFECT TIME TO BUY?
Since May 11, the price of DOGE has appeared to be drawing a bump-and-run-reversal (BARR) bottom, a technical pattern that denotes prolonged trend reversals in a bear market. It includes three productive stages: Initiate, Bump, and Run
During the Lead-In phase, the price consolidates within a constrained and sideways range, indicating an investor bias conflict in the short term. That comes after the Bump phase, in which the price falls and then rises suddenly, resulting in a price breakout that is identified by the Run phase. Dogecoin appears to be in the Bump Phase as it waits for a breakout over the resistance of the falling trendline at the BARR bottom. Let’s say DOGE surpasses the specified price cap. Technical analysis dictates that it would then target a run-up toward the BARR’s origin level. As a result, DOGE’s price is on track to reach $0.0941, up more than 20% from the price on June 27. Notably, the upward objective and the token’s 50-week exponential moving average both fall within this range.
79 percent of the time, according to a report by seasoned investor Thomas Bulkowski, BARR bottom has achieved its profit goal. Interestingly, the breakout stage of the pattern often results in an average 55 percent increase, indicating that DOGE’s ability to reach $0.123 is still a possibility.
Due to a flurry of technical and fundamental variables, Dogecoin’s rise to $0.0941 might not have allowed it to break out of its bearish trend. From a technical standpoint, as it rises, the price of DOGE runs the risk of falling into a bull trap. Notably, a rising wedge formation on the coin’s lower-timeframe charts signals the coin’s bearish tendency. More specifically, DOGE has formed a rising wedge by being in an uptrend within a band delineated by two ascending, contracting trendlines.
When the price breaks below the wedge’s trendline, a bearish reversal is typically the result of this technical situation. As it occurs, the price may decline up to the maximum distance between the upper and lower trendlines of the wedge.
Potential breakout points for DOGE’s rising wedge are between $0.07 and $0.08. Therefore, if the wedge breakdown occurs as planned, the token might drop between 15% and 25% from its present price levels, near the $0.05–$0.06 range. The Federal Reserve’s rate increases and the shrinkage of its $9 trillion balance sheet are two examples of fundamentals that support the short- to medium-term technical bearish view.
Source: Analyticsinsight
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Text source: BuyUcoin Blog
