Dogecoin is one of the most sought-after crypto tokens on the market. The token has been projecting a steady price pace, trading at $0.14 at press time. The token is currently experiencing pre-halving jitters, as the overall crypto market momentum has slowed down in anticipation of the Bitcoin-halving event scheduled for April 20, 2024.
Also Read: Cryptocurrency: 3 Coins to Buy Before Bitcoin Halving for 10x Returns
Despite the bearish onset of the market, Dogecoin is faring well as compared to its competitors. The token’s candlestick chart is showing the bull flag pattern, signaling its lasting potential to hold the ground steady amid market volatility.
Despite the chop for #Dogecoin The Bull Flag patter is still intact!! pic.twitter.com/w5pPzjMisu
The Dogecoin community has already started to echo the sentiment of “buying the latest doge dip,” creating a positive price uptrend for the token to undergo in the near future.
81% of all #Dogecoin holders are in profit… What you worried about??? BUY THE DIP!! pic.twitter.com/zh7GunU6Hw
Despite the building pressure on the market, Dogecoin may gain decent upticks after the Bitcoin Halving event.
However, per CoinCodex, Dogecoin may undergo a gradual price downswing first before switching gears. The platform predicts Doge to shed an additional 1% and trade at $0.14 by April 2024.
“The Dogecoin price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Dogecoin projections, DOGE will be changing hands at $0.146764 on April 24, 2024, losing -1.15% in the process.”
Also Read: Latest Prediction Forecasts Dogecoin (DOGE) To Reach $2.17
However, another crypto analytics platform, Coinpedia, forecasts Dogecoin to end April at a new price of ATH. Per the platform, Doge is expected to peak gradually and ascend to a new ATH of $0.25 by the end of April 2024.
“With a 14% jump last week and a 4.36% rise in the first half of this week, the Doge price offers a breakout entry opportunity. Considering the uptrend sustained above the 23.60% Fib level this week, a bull run to the 38.20% level at $0.25 seems feasible.”
Disclaimer: Our articles are NOT financial advice, we are not financial advisors. All investments are your own decisions. Please conduct your own research and seek advice from a licensed financial advisor.
source
This content is sourced from Watcher Guru. The copyrights for this article is owned by Watcher.Guru
