Dogecoin was always referred to by the media as an important crypto-coin that dominated its sector. Elon Musk, the CEO of Tesla has endorsed this token and it is well known that its prices are constantly being revised to keep its stability. Doge’s price at the time of publication was $0.1291, a 3% increase in 24 hours. How high could the trade of tokens be in August? We’ll find out.
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Dogecoin Descending Triangle – Details
Dogecoin now enters the market. “potential” Bullish environment. According to cryptocurrency analyst Ali Martinez Doge is consolidating to a descending triangular formation. The analyst believes this to be a positive sign.
Martinez noted how Doge is set for a price rally, which may push its momentum by a staggering 140%–200%. The token is also retracing by 56–60%. After the analysis was complete, the analyst revealed how Doge might enter a spectacular bull run. The kind that helps push the price of doge by a staggering 140%–230%.
“I haven’t sold one single DOGE. I’ve just been buying!#Dogecoin is playing the same pattern we’ve seen before. It consolidates in a descending triangle, sees a 140% to 230% rally, and retraces by 56% to 60% before entering a bull run. So now we just wait!!!.”
Martinez went on to explain that it is time for one to explore Doge, and then buy the dip. The analyst has himself been buying the dip in the past.
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Dogecoin price forecast
Dogecoin is yet to prove its true worth to the rest of the world, despite stellar metrics and price predictions. According to ChangellyThe token could increase by 2 percent in July, to $0.123.
“Crypto experts have analyzed Dogecoin prices in 2024, so they are ready to provide their estimated trading average for July 2024: $0.123. The lowest and peak DOGE rates might be $0.122 and $0.125.”
In August, it is possible that there will be friction behind the token and the price may drop to $0.122.
Analysts predict that the price of DOGE will reach $0.114 by the summer’s end in 2024. Dogecoin prices may be as low at $0.106 by August 2024. In August 2024, the expected maximum value could be $0.122.
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Source: watcher.guru
