Dogecoin market (DOGE) has been in a downtrend since a long time. In the last couple of months the meme coin has dropped to as low as $0.08. DOGE however has seen a 60% increase in value over the past 12 months. At the time of publication, DOGE was valued at $0.1005. There had been no notable changes in price over the last day.
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Prices and market predictions
Leading Analysts’ Insight
Ali Martinez, a prominent cryptocurrency analyst, says that the price of $0.11 should be closely monitored. It is possible because at the current price, many addresses are holding large amounts Dogecoin. A staggering 23,400 address are holding more than 31 billion DOGE, according to the tweet. The analyst went to X, and said:
“If you’re anticipating a Dogecoin breakout, keep in mind the key resistance level at $0.11, where 23,400 addresses are holding nearly 31 billion DOGE.”
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Can DOGE reach $0.11 by September?
Dogecoin is likely to end September on a sad note. Changelly data shows that DOGE’s price will drop by double digits in the last week of Septembre. It will end the month with a price of $0.008800, which is a drop of 12% from current levels. DOGE’s price will be $0.089644 at the end of September, representing a drop of 10%.
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Long-Term Outlook for the Market
Dogecoin could see a rise in value despite the current bearish market. Elon Musk’s continued endorsement of the meme coin may even lead to a surge in its value. Dogecoin will grow more rapidly if the market remains stable. You’ll be kept informed on the latest developments!
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Source: watcher.guru