Annual Forecast for Dogecoin (2022)
DOGE has maintained a steady bearish momentum since May 2021, after it peaked at $0.7390. The meme coin has battled in futility to scale the descending trendline as it continues to refresh new lows.
That said, DOGE is on track to record its most bullish weekly candle in over five months following the recent Tesla-induced spike. This spike pushed the cryptocurrency to the critical trendline but failed again to breach it as the eleventh-largest cryptocurrency retraced mildly after the retest. However, this is the most bullish DOGE and the broader crypto market has been in the whole of 2022, indicating that a bullish sentiment could be returning since its bearish foray in November.
For 2022, popular estimates opine that the meme coin could retake its all-time high at $0.7390 and possibly hit the $1.5 mark.
Meanwhile, my resistance levels are $0.2000, $0.2100, and $0.2175, and my support levels are $0.1800, $0.1650, and $0.1600.
Total Market Capitalization: $2.04 trillion
Dogecoin Market Capitalization: $25.7 billion
Dogecoin Dominance: 1.26%
Market Rank: #11
That said, DOGE is on track to record its most bullish weekly candle in over five months following the recent Tesla-induced spike. This spike pushed the cryptocurrency to the critical trendline but failed again to breach it as the eleventh-largest cryptocurrency retraced mildly after the retest. However, this is the most bullish DOGE and the broader crypto market has been in the whole of 2022, indicating that a bullish sentiment could be returning since its bearish foray in November.
For 2022, popular estimates opine that the meme coin could retake its all-time high at $0.7390 and possibly hit the $1.5 mark.
Meanwhile, my resistance levels are $0.2000, $0.2100, and $0.2175, and my support levels are $0.1800, $0.1650, and $0.1600.
Total Market Capitalization: $2.04 trillion
Dogecoin Market Capitalization: $25.7 billion
Dogecoin Dominance: 1.26%
Market Rank: #11
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.