Is It Ready to Tap Its Past $0.17? -Breaking
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Doge follows upward trend: Can it tap past $0.17 to continue its upward trend?- It is likely to surpass its value of $0.17.
- A $0.17 price increase was achieved by the coin on April 5, 2022.
- DOGE hit an all-time record in May 2021.
Dogecoin, the meme coin which is Elon Musk’s favorite crypto, indicates signs of an expected surge in the near future. It could reach its April 5th, 2022 price of $0.17.
DOGE currently trades for $0.14 with a marketcap of close to $19million. In the last 24 hours, it has seen a 1.68% increase in price. Additionally, it is the eleventh most valuable cryptocurrency according to market capital. The global market cap is currently at $1.88 trillion with a 2.3% decline over the past day.
1 day chart DOGE/USDT (source TradingView
Furthermore, DOGE had a strong bear push downwards on February 24, 2022, which signaled a ‘hammer candle pattern’. Contrary to all this, DOGE reached $0.17 at the end of April. It is unclear if DOGE will soon return to the surge.
Looking back at the past revealed that the Dogecoin price on June 5, 2019 was $0.0046 higher. This signaled the beginning of a warning sign and it rose to $0.0049 on February 9, 2020. In the meantime, there were minor spikes and falls.
DOGE reached its All-Time high of $0.74 in May 2021. This value hike occurred prior to Elon Musk’s SNL appearance in May 2021. But its price plunged during his live session as Elon jokingly called it a ‘hustle’.
DOGE’s price fell by 85% since its ATH. Additionally, DOGE price showed distinct lows and highs that were lower than usual between September 2021 – March 23, 2022. This time frame shows a falling wedge pattern as the trend lines pass through it.
DOGE’s upward trend since April 12 is continuing to climb. DoGE will reach $0.17 if this upward trend continues.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. The information contained in this article shouldn’t be taken as advice. CoinQuora urges users to conduct their own research prior to investing in cryptocurrency.
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