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Dogecoin (DOGE) Enters Bullish Mode
The price of DOGE has surged by 38% in the past 30 days and has entered a bullish mode. This could trigger a parabolic rise, potentially reaching $1.50.
The price of Dogecoin is currently within the Livermore Cylinder, which means this coin may soon rise to $1.50. Dogecoin has maintained a strong upward momentum throughout most of its bull market cycle and is expected to break through $1.
Similarly, Dogecoin's price chart for July also shows signs of a potential surge, with Dogecoin reaching a consolidation peak and possibly entering a 'melt-up' phase, setting new price peaks. The current trading price of Dogecoin is approximately $0.234, and it may require a boost from an overall market rebound to achieve this 'melt-up'.
Another potential driving factor for DOGE is its recent whale activity. In fact, the whale activity surrounding Dogecoin has reached levels not seen in months. Earlier this week, large wallets concentrated their purchases of over 1.08 billion Dogecoin within 48 hours, representing an investment capital of about $250 million. Last week's trading volume also soared by 77%, reaching $6.43 billion, indicating that market participation is on the rise.
By mid-August, Dogecoin is expected to surge and set a new price peak of $0.31. Current market sentiment is bullish, and the Fear and Greed Index shows a reading of 72 (Greed). Dogecoin has recorded 20 out of 30 (67%) up days in the past 30 days, with a price volatility of 16.92%. According to predictions for Dogecoin, now is a good time to buy Dogecoin.
#DOGE
The price of DOGE has surged by 38% in the past 30 days and has entered a bullish mode. This could trigger a parabolic rise, potentially reaching $1.50.
The price of Dogecoin is currently within the Livermore Cylinder, which means this coin may soon rise to $1.50. Dogecoin has maintained a strong upward momentum throughout most of its bull market cycle and is expected to break through $1.
Similarly, Dogecoin's price chart for July also shows signs of a potential surge, with Dogecoin reaching a consolidation peak and possibly entering a 'melt-up' phase, setting new price peaks. The current trading price of Dogecoin is approximately $0.234, and it may require a boost from an overall market rebound to achieve this 'melt-up'.
Another potential driving factor for DOGE is its recent whale activity. In fact, the whale activity surrounding Dogecoin has reached levels not seen in months. Earlier this week, large wallets concentrated their purchases of over 1.08 billion Dogecoin within 48 hours, representing an investment capital of about $250 million. Last week's trading volume also soared by 77%, reaching $6.43 billion, indicating that market participation is on the rise.
By mid-August, Dogecoin is expected to surge and set a new price peak of $0.31. Current market sentiment is bullish, and the Fear and Greed Index shows a reading of 72 (Greed). Dogecoin has recorded 20 out of 30 (67%) up days in the past 30 days, with a price volatility of 16.92%. According to predictions for Dogecoin, now is a good time to buy Dogecoin.
#DOGE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.