DOGE Watches Uptrend: Is It Ready to Mine Its Past $0.17?
- is expected to reach a price value of $0.17.
- The coin hit a gain of $0.17 on April 5, 2022.
- DOGE hits an all-time high in May 2021.
Dogecoin, the meme coin of Elon Musk’s favorite cryptocurrency, shows signs of an expected increase in the near future. The coin can skyrocket to a value of $0.17, occurring on April 5, 2022.
At the time of writing, DOGE is trading at $0.14, with a market capitalization of nearly $19 million. It has spiked with 1.68% growth in the past 24 hours. Additionally, it leads at 11th place among the top 20 cryptocurrencies by market capitalization. Specifically, the global market capitalization hovers around 1.88 trillion USD, with a decrease of 2.03% compared to the previous day.
1-day DOGE/USDT chart (source: TradingView)
Furthermore, DOGE had a sharp drop down on February 24, 2022, which signaled a ‘hammer candlestick pattern’. Contrary to this period, the coin hit $0.17 on April 5. The key question here is whether DOGE will return to this gain anytime soon.
While looking into the past, the Dogecoin price on June 5, 2019, showed an increase of $0.0046; it then signaled a red flag until it spiked to $0.0049 on Feb 9, 2020. However, there have been slight ups and downs in the months in between.
Notably, DOGE secured an all-time high (All-time high) of $0.74 in May 2021. This increase in value occurred prior to the arrival of Elon Musk’s SNL in May 2021. But its price dropped during his live session when Elon jokingly called it ‘squeezing’.
Since ATH, the DOGE price has dropped 85%. Additionally, the coin has shown three lower lows and a special lower high from September 2021 to March 23, 2022. The trendlines that traverse this particular time period depict a wedge pattern. reduction.
Basically, DOGE’s uptrend since April 12th continues to rise so far. If this trend continues up, DOGE is expected to reach a value of $0.17.
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