DOGE cryptocurrency can be treated differently. So, in the past it was subjected to active manipulations. Musk with a help of tweets gave the readiness of the cryptocurrency market for growth at the beginning of the year. So, now the cryptocurrency DOGE is not as popular as at the beginning of the year. However, despite everything, Dogecoin is in the top 10 cryptocurrencies in terms of daily trading volumes. Therefore, we decided to make a DOGE forecast in the medium term.
The previous DOGE forecast fulfilled- the price tested $0.3
Let’s start with the fact that in the previous DOGE forecast, which we published on 21 July, we wrote about our final target in the range of $0.3. (Click on the chart to move to the previous DOGE forecast).
Buyers saw little price growth by 60% and continued to put pressure on $0.34. Buyers’ next plan is to fix the DOGE price above $0.3. Though, analyzing the trading volumes of the last two weeks and the nature of the price movement, the chances were not so high.
DOGE global forecast until the end of 2021
Now let’s look at the DOGEUSDT pair chart more globally. As you can see, last week the price of DOGE has been consolidating between two levels: $0.34 at the top and $0.29 at the bottom. In the current reality, we assume that the DOGE price may fall again in order to check whether buyers are really ready to aggressively keep the price. If that happens and we see strong trading volumes – the main DOGE forecast is continued growth.
Also, breaking and fixing the price above $0.34 – will give a strong signal to DOGE investors to continue the strong wave of growth. For both situations, the upper target is around $0.444-0.464;
If the price remains below $0.28-0.3, we will expect the DOGE price to fall to $0.2.
So be flexible, maneuverable and keep your hand on the pulse of the market. If you want to get more accurate recommendations for cryptocurrency trading – join our trade marathon!