DeFi Daily News
Friday, August 29, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Crypto Market

Analyst Predicts 7% Rise in Dogecoin: Could It Break Through the $0.15 Mark?

Christian Encila by Christian Encila
September 11, 2024
in Crypto Market
0 0
0
Analyst Predicts 7% Rise in Dogecoin: Could It Break Through the alt=
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article
Este artículo también está disponible en español.

The realms of cryptocurrency are ever-volatile, ever-unpredictable. Within this digital ecosystem, Dogecoin, once a lighthearted meme coin, has captured not just the imaginations of crypto enthusiasts but also the meticulous scrutiny of market analysts. Amidst signs of a possible market reversal, the coin has showcased gains in recent times. However, insights from CoinCodex indicate a peculiar forecast, suggesting a 13% decline might be on the horizon, possibly pushing Dogecoin down to $0.088742 by the 10th of October, 2024.

Related Reading

Amid these speculations, a captivating perspective comes from cryptocurrency analyst Master Kenobi. Kenobi articulates a sequence of downtrend cycles, each diminishing in duration, suggesting a potential fatigue among the bears. This pattern hints at a possible stage being set for a bullish rebound.

The #DOGE bear market consisted of three major downtrend cycles. Whether it’s a coincidence or not, the first cycle lasted 540 days, nearly 1.5 years; the second lasted 364 days, exactly one year; and we are now concluding the third downtrend cycle, which lasted approximately 182… pic.twitter.com/GToZmRaPCh

— Master Kenobi (@btc_MasterPlan) September 9, 2024

Detailing further, Kenobi shared that the initial cycle spanned 540 days (about 1.5 years), followed by a second cycle of 364 days. The ongoing, third cycle, interestingly, has lasted merely 182 days, approximately six months. This compression in downtrend cycles could very well signal an impending shift in market momentum, potentially gearing up for a bullish uprising.

Dogecoin Price Action

Dogecoin’s current market position sees it trading at $0.1003, marking a 6% rise over the last seven days. The coin has seen a significant bounce from a support line at $0.089, and its price trajectory, as dictated by a bullish falling wedge pattern on its daily chart, suggests a potential jump to $0.15 should it maintain its ground above the $0.10 marker.

DOGE price up in the last week. Source: Coingecko

Fear And Market Sentiment

The market, despite showing upward movements, is ensnared by fear. With the Fear & Greed Index hovering at 33, it reflects the trepidation still rampant among investors, contrasting starkly with Dogecoin’s 15 days of gains in the past 30 days. DOGE’s inherent price movements, characterized by a stability and a positivity rate of 50%, underscore a low volatility at 4.38%. This stability, while comforting to some, also points to a potential lack of momentum necessary for a significant breakthrough.

Source: CoinCodex

The market’s mixed signals have investors tread with caution, juggling short-term optimism with longer-term uncertainties. The equilibrium of volatility and a balanced number of positive days hint at a consolidation phase, yet devoid of clear indicators for a market reversal.

Related Reading

Conflict In Forecasts

Amidst this turbulent sea, the varying forecasts present a conundrum. CoinCodex’s projection visually clashes with the current bullish undercurrent, predicting a 13.78% fall for Dogecoin by October 2024. This stark contrast lays bare the crossroads at which Dogecoin currently stands. On one hand, the short-term indicators and recent price actions suggest a brewing storm capable of propelling the meme coin into a rally. However, the bearish long-term outlook and prevalent market fear advise caution.

What this signifies for investors is a period of vigilance. With the market’s pendulum swinging unpredictably, a keen eye on short-term price movements and broader market developments becomes crucial before making any decisive investments.

Featuring an image from StormGain, the chart analysis from TradingView provides not just a glimpse into Dogecoin’s tumultuous journey, but a reminder of the cryptomarket’s unyielding unpredictability. As the clocks ticks towards the prophesied dates, the community watches, waits, and wagers on what twist lies next in Dogecoin’s tale.

For those looking to dive deeper into the swirling vortex of digital currency news, DeFi Daily News offers a treasure trove of insights, breaking news, and in-depth analyses, promising to keep you informed and entertained on all things crypto and beyond.



Source link

Tags: AnalystbreakDogecoinMarkPredictsrise
ShareTweetShare
Previous Post

Gate.io Launches ‘ChainGPT’ On Gate Web3 Tasks, Providing 113,208 CGPT Rewards For Users

Next Post

Polymarket Bets Show Harris Overshadowing Trump in Debate

Next Post
Polymarket Bets Show Harris Overshadowing Trump in Debate

Polymarket Bets Show Harris Overshadowing Trump in Debate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Jared Kushner Nears Deal to Purchase Ownership Stake in Phoenix

Jared Kushner Nears Deal to Purchase Ownership Stake in Phoenix

July 15, 2024
zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

September 17, 2024
rewrite this title Falcon Finance Launches On-Chain Insurance Fund With M Initial Capital

rewrite this title Falcon Finance Launches On-Chain Insurance Fund With $10M Initial Capital

August 28, 2025
Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

August 3, 2025
Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

July 16, 2024
I stumbled upon a Duolingo hack, and now I regret it

I stumbled upon a Duolingo hack, and now I regret it

October 12, 2024
rewrite this title Pokemon GO Rookidee Community Day PvP and PvE analysis

rewrite this title Pokemon GO Rookidee Community Day PvP and PvE analysis

August 29, 2025
rewrite this title Tron Network Fees Slashed After Vote—Here’s What to Expect – Decrypt

rewrite this title Tron Network Fees Slashed After Vote—Here’s What to Expect – Decrypt

August 29, 2025
rewrite this title and make it good for SEOAging Japan is tripling its investments to .8 billion a year in a bid to get India’s younger workers

rewrite this title and make it good for SEOAging Japan is tripling its investments to $6.8 billion a year in a bid to get India’s younger workers

August 29, 2025
rewrite this title *HOT* Amazon Basics Sandwich Bags, 100 Count only  shipped, plus more!

rewrite this title *HOT* Amazon Basics Sandwich Bags, 100 Count only $2 shipped, plus more!

August 29, 2025
rewrite this title What Taylor Swift’s Ex Joe Alwyn Thinks About Her Engagement To Travis Kelce! – Perez Hilton

rewrite this title What Taylor Swift’s Ex Joe Alwyn Thinks About Her Engagement To Travis Kelce! – Perez Hilton

August 29, 2025
rewrite this title Pepeto Presale Compared to Dogecoin: Which Meme Coin Will Lead the Next Bull Run

rewrite this title Pepeto Presale Compared to Dogecoin: Which Meme Coin Will Lead the Next Bull Run

August 29, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.