Dogecoin (DOGE) prices might be about to go through the roof. Famous crypto researcher Javon Marks thinks that the value of DOGE could go up by 378%, which could push the meme currency to an all-time high of $0.6533. If this prediction comes true, it will be a huge change for DOGE, whose road has always been like a roller coaster.
Javon Marks compares Dogecoin’s price fluctuation to a market shakeout, which entails a small decline to eliminate weaker investors before a big surge. breached a major resistance level after recovering from a severe fall, signalling a market turn towards optimism. Marks thinks this breakthrough might push DOGE to $0.6533, a 378% increase from its current price.
(Dogecoin) continues to recover here, making the recent pullback look more and more like a shakeout and these prices can be near ready for a massive continuation towards the $0.6533!
This target ($0.6533) remains well in play due to prices of Dogecoin holding broken out of…
— JAVON⚡️MARKS (@JavonTM1)
Dogecoin is trading at $0.1316 at the time of writing, a little 3.50% rise in the past 24 hours. Supported by a notable 31% increase in trade volume, this upswing conforms with a short-term optimistic trend. The more people participating in the market, the more interest and expectation of further price changes implies.
The Road To $0.6533
Marks underlines that the only obstacle on the way to get $0.6533 is time. Any pullbacks during this period, he says, are probably support levels that help to sustain the general advance. Having previously exceeded the vital 50-day EMA at $0.127, DOGE’s price is currently hanging at the 100-day EMA at $0.134. This support level has shown to be crucial as it shows great buying activity at this pricing range.
DOGE market cap currently at $19.9 billion. Chart:
Still, the path to $0.6533 is not without difficulties. At 59.69 right now, the RSI indicator points to the market reaching overbounded area. This suggests that, should the price keep rising without a time of stabilisation, the bulls may become tired even if there is still space for upward mobility.
DOGE Price Forecast
Though the general view is positive, show DOGE’s price can decline. The present Dogecoin price forecast is that by August 21, 2024, the price of Dogecoin will drop by -14.25% to $0.118211.
Source:
Combining a Fear & Greed Index with a score of 70 (Greed) with technical indicators reflecting the present market attitude—which is optimistic—this projection is formed. With 6.90% price volatility over the past 30 days, Dogecoin recorded 16/30 (53%) green days signaling that right now is a good time to buy it.
Beyond the first target, Marks advises exceeding and maintaining over $0.6533 to release another 90% rise, therefore driving DOGE to a price of $1.25. For this meme coin, reaching this milestone would be a historic triumph raising its price to levels not seen in previous significant market boom. Such a climb would confirm DOGE’s place in the crypto market and maybe draw fresh investors, therefore greatly increasing its market valuation.
Featured image from ComicBook, chart from TradingView
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
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Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!
So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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