Crypto analyst Ali Martinez says that Dogecoin’s (DOGE), between $0.166 to $0.171, faces significant resistance. Analyst Ali Martinez points out that between $0.166 to $0.171, 75,000 wallets have bought around 10 billion DOGE coin. If DOGE is able to overcome this obstacle, its price will double and reach $0.322, an increase of almost 100%.
Also Read: Dogecoin ETF Approval: A Potential Cryptocurrency Milestone?
Since its peak of $0.21 in March, DOGE’s value has been hammered. DOGE experienced a surge in price after US SEC approved Ethereum ETFs last week. DOGE’s daily chart is up by 0.6%, the 14-day chart has an increase of 11.2%, and the month prior was 17% higher.
How high will Dogecoin (DOGE), in June of 2024, go?
The following is a list of ChangellyIn 2024 DOGE may reach a price maximum of $0.178, something it could achieve in October. A price of $0.178 would represent a 11.25% increase from the current level.
Telegaon on the other side paints a much more positive picture for DOGE as compared with Changelly. According to the platform, DOGE is expected to reach $0.59 as its maximum in 2024. The platform predicts that DOGE will reach a maximum price of $0.59 in 2024.
Also Read: Dogecoin: Here is When DOGE Could Rally 525% And Hit $1
CoinCodex suggests that Dogecoin may experience a price correction this June. Platform predicts DOGE will fall to $0.1445 by June 17th, 2024. The platform predicts that DOGE will fall to $0.1445 on June 17, 2024.
Dogecoin may also be a component of X’s upcoming payments platform. We may see a surge in price and adoption if the social media giant allows DOGE payment. Elon Musk has also said that Tesla will likely begin using DOGE to pay for vehicles. The two developments combined could propel DOGE all the way to space.
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Source: watcher.guru