Dogecoin is all set to undergo a massive price transformation as the token hovers at a stable price spot of $0.41. Doge has recovered slightly as Bitcoin surge optimism returns to the market, with BTC trading at $96K once again. Can Dogecoin claim a new price spot amid sparkling new developments? Let’s find out.
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Dogecoin Flips Porsche: Here’s How
Dogecoin has added a new feather to its cap. The toke has managed to flip luxury car maker Porsche’s market cap as momentum surrounding the token hits new highs. The news of the Musk and Trump regime taking over the US has proven particularly lucrative for Doge, adding more strength and support to the token’s price trajectories. In addition to this, the market is rife with speculations on how Doge may soon be deployed on X and Tesla for making active payments, fueling the token to scale new highs again. At the same time, a Doge ETP by Valour is also set to launch, adding more strength to Dogecoin’s price.
Per CoinMarketCap, Dogecoin has soared nearly 148% in the last one month and is consistently gaining momentum while basking in the bullish waves of change.
Per Ali, Dogecoin is currently at a very sensitive point in its chart trajectory. Discussing the development in detail, Ali shared how Doge is currently trading at a very crucial point in its price chart as it battles the $0.40 resistance point. The analyst was quick to share that if Doge managed to break past the $0.40 price level, it could soon hit $0.43. If the token falls prey to the resistance, it may then drop as low as $0.34. However, it seems that the token has managed to scale past $0.40, as Doge is currently sitting at $0.41 at press time.
“#Dogecoin $DOGE is at a very critical resistance point. A sustained break above $0.40 will send it to $0.43, but failing to clear the $0.40 resistance will trigger another dip to $0.36 or even $0.34.”
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The Token’s Price Prediction for December 2024
December might be critical for DOGE, as the token is expected to note volatility in its price value. Per CoinCodex, Doge may soon drop by 6% to sit at the $0.38 price level in December 2024.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -6.47% and reach $0.383448 by December 28, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 77 (extreme greed). Dogecoin recorded 18/30 (60%) green days with 35.68% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
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