$DOGE coin holders attention

Analyst expects Dogecoin price to increase by 600% to $1.25,

Despite the decline in the crypto market, the price of Dogecoin has fallen below the support level of $0.18, indicating a bearish trend for the meme coin in the short term.

However, this decline has not discouraged Dogecoin supporters and they are still eager to see a significant increase in the price of this cryptocurrency,

Experts say the potential for a more than 400% increase is bright and the price could soon rise above $1,

Crypto analyst Javon Marks stated in an X (formerly Twitter) post that the price of Dogecoin is still bullish as it has maintained “higher low” levels despite the market decline,

Despite the poor market conditions, Dogecoin has maintained its bullish structure, indicating a major breakout,

According to him, the first major increase could take the price to $0.6533, which would be the highest in the last three years,

After that, there is a possibility of further increases and the price could reach $1.25, which would mean an increase of up to 600%.

Although Dogecoin’s trading volume is low in the current market and the daily volume is around $4 billion, which is significantly lower than the $10 billion recorded in May, investor interest is likely to increase once again,

The market remains uncertain and therefore the number of open positions has also decreased,

All these factors indicate that investors are being cautious and some clear direction is needed to restore confidence in the market,

Overall, analysts believe that the price of Dogecoin could see a strong increase in the near future, provided that these technical and market factors remain favorable,

In this regard, investors need to make decisions by carefully assessing the market situation...

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Sir, this post is not financial advice, if you want to invest in the crypto market, do your research first, then make a purchase, 😊

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