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Dogecoin Price Flashes Sell Signal After 10% Jump, Is It Time To Get Out? Newsbtc 1 неделю назад

Dogecoin Price Flashes Sell Signal After 10% Jump, Is It Time To Get Out? 📉

Dogecoin, the leading meme coin by market cap, has shown a significant sell signal following a 10% price jump. This spike was influenced by Elon Musk's comments and social media hype, but analysts advise caution, anticipating a sell-off.

Crypto analyst Ali Martinez suggests on X that Dogecoin might decline after its sharp uptake, considering typical meme coin behavior. However, a continuation of the upward trend could follow this correction.

Currently, Dogecoin trades at $0.1446, significantly higher than its earlier $0.11 price, with a substantial increase over the past weeks, reinforcing the ongoing uptrend.

Further analysis by Crow, another crypto analyst, predicts Dogecoin's potential rally to $1, citing historical market patterns. While speculative, the prediction aligns with Dogecoin's past growth trends.

Despite potential risks, optimism among investors remains high, driven by increased trading volume and bullish sentiments.

Источник: www.newsbtc.com ↗

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