Here is the latest and most complete forecast analysis for today for Dogecoin (DOGE):
--$DOGE
Current market and technical situation
Dogecoin is currently trading around $0.23 USD with a slight decrease over the last 24 hours (~ -0.7%).
Technical analysis from Bitget indicates a strong 'Strong buy' signal on the daily interval: moving averages and several oscillators show the advantage of buyers (12 'buy' vs 1 'sell').
TradingView, on the other hand, states the indicators as neutral - no clear buy or sell signals.
Investing.com presents mixed signals: short-term - 'Strong Sell', medium-term - 'Neutral', and long-term - 'Strong Buy'.
According to TipRanks, average and long-term indicators show a cross-section of Buy, with a predominance of positive results on moving averages (MA).
---$DOGE
Short-term price forecasts
Binance estimates a growth of about +5% in the next 30 days, which gives a possible current level of ~$0.2330 USD.
Traders Union forecasts a price of around $0.229 in the weekly perspective, and within four weeks - around $0.260 USD.
Coinlore predicts today's range in the range of $0.2128 - $0.2292, with tomorrow's price around $0.2294.
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Market context and sentiment
Blockchain.news reports a possible scale of short-term growth - technical signals suggest a potential move towards $0.30 - due to the formation of a golden cross and Fibonacci rebound.
At the same time, blockchain.news reports a decrease in DOGE of about -9%, despite large purchases by whales (2 billion DOGE), which may indicate selling pressure, but also possible support and stabilization.
BeInCrypto notes that the price is 14% above the monthly level and 130% above the yearly level, and a jump above the $0.24 level on the 4-hour chart could initiate further bullish breakout - with an invalidation level at $0.21 USD.
Ainvest.com reports the filing of a spot DOGE ETF application by Grayscale, which drives speculation and may increase demand.
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Summary - Forecast for today
Scenario Possible price movement
Bullish Increase to the level of $0.24 and potentially testing $0.25-$0.26
Neutral Consolidation around $0.23 - $0.233
Bearish Correction down to $0.22 - $0.225
Today's range: most likely around $0.23 - $0.233, with the possibility of a significant increase with positive technical signals and market sentiment.
Conclusions for investors
Buy signals have the advantage, especially according to Bitget and long-term indicators on TipRanks and Investing.com.
There may be a short-term increase if a breakout above $0.24 is confirmed - which may result from whale activity or hopes for an ETF.
So far, market activity is moderate - fluctuations may depend on crossing key resistance/support levels.
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