By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Analyst Predicts Dogecoin to Surge by 66%: DOGE Price Prediction
Share
Notification Show More
Latest News
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Crypto > Analyst Predicts Dogecoin to Surge by 66%: DOGE Price Prediction
Crypto

Analyst Predicts Dogecoin to Surge by 66%: DOGE Price Prediction

News Room
Last updated: 2024/07/22 at 2:33 PM
News Room
Share
4 Min Read
SHARE

Dogecoin (DOGE) has been on a bullish trend, reaching its highest monthly level near $0.139 and hitting an intra-day high of $0.1422 on July 22. This surge is attributed to heightened trader participation and speculation, with an impressive 19% increase in open interest. The positive momentum of Dogecoin is largely influenced by the overall positive trend in the cryptocurrency market, driven by Bitcoin’s renewed strength. Additionally, recent political developments, such as President Joe Biden’s announcement of not seeking re-election, have increased the likelihood of a pro-crypto candidate like Donald Trump gaining traction in the upcoming U.S. Presidential election.

President Biden’s decision to end his reelection campaign has sent shock waves through the political world, with implications for the cryptocurrency market. The surge in Dogecoin’s value to its highest monthly level reflects growing optimism among traders. This rally in DOGE has resulted in an increased open interest, indicating a strong uptrend. Analysts view Dogecoin’s breakout as a potential signal for further gains, which could also impact other coins like Floki and Shiba Inu. However, caution is advised as some predict a possible pullback in the near future to consolidate the gains.

Market sentiment has shifted from “extreme fear” to “greed,” signaling a positive outlook among traders. Despite recent gains, the volatility of Dogecoin remains a factor to consider when trading. The coin’s social volume has increased, but overall sentiment remains negative. A bullish falling wedge pattern is emerging, suggesting a potential breakout and a potential rally of up to 66%. However, bearish signals such as a rising funding rate and an increase in short positions may limit this breakout. On the other hand, bullish indicators like the MACD and MVRV ratio suggest a likely upward movement in the near term.

In terms of price prediction, Dogecoin is currently trading at $0.13908, showing a modest increase in recent hours. Technical indicators present a mixed outlook, with the RSI indicating strong buying pressure and the 50-day EMA supporting the current upward trend. Immediate resistance levels are identified at $0.14364, followed by $0.14830 and $0.15253, while support levels are found at $0.1360, $0.13012, and $0.12579. Breaking the resistance around $0.1435 could lead to further gains, maintaining the bullish sentiment for Dogecoin.

Transitioning into another opportunity, the $SHIBASHOOT token from Shiba Sharpshooter presents exciting in-game and investment opportunities. This token offers various uses within the game, enabling players to participate in activities like the “Lucky Lasso Lottery” and “Governance Roundups.” Additionally, players can earn tokens through “Campfire Stories” and by inviting friends to join. Apart from in-game perks, $SHIBASHOOT tokens can be staked in the “cactus staking program” for passive income, with an impressive APY of 1,465%. Investors can purchase $SHIBASHOOT tokens on Shiba Shootout’s website using different cryptocurrencies or a bank card, with only 770 million tokens available in the presale out of the total 2.2 billion supply. SolidProof has audited the token smart contract, ensuring transparency and security for investors. Join Shiba Shootout’s community for the latest updates and get ready to ride the upward trend with $SHIBASHOOT tokens.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room July 22, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article EUR/USD remains close to important support level of 1.0870 before busy week of US data
Next Article 300 UAE residents sample plant-based chicken and fish that can feed one billion people
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports June 10, 2025
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE May 27, 2025
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle May 23, 2025
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World May 22, 2025

You Might also Like

Crypto

Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide

May 22, 2025
BusinessCrypto

Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025

May 20, 2025
BusinessCrypto

RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain

April 14, 2025
BusinessCrypto

Forbes Lists Bitget Amongst The World’s Most Trustworthy Crypto Exchanges

February 1, 2025
BusinessCrypto

Bitget Leverages AI Algorithms for Token Listing with the Launch of Bitget Seed

January 27, 2025
BusinessCrypto

Bitget to List Official TRUMP Meme Token for Spot Trading

January 23, 2025
BusinessCrypto

Bitget LaunchX to Support Jambo’s $5 Million Fundraising for Satellite Launch Program

January 18, 2025
BusinessCrypto

Bitget Unveils Over $5 Billion Worth of BGB Token Burn in New Whitepaper

December 28, 2024
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?