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Dogecoin Forecast – Course in Free Fall! Where to invest again

 


In our last Dogecoin forecast , we wrote that the price could rise a little in the near future and then continue to fall. However, the Dogecoin price has not increased further and has instead steadily lost value. Currently the price is $0.1170 and is close to our target ($0.10). But how could the Dogecoin course continue in the near future? Will we see a bullish reaction at $0.10 or sooner? We'll enlighten you!


What needs to happen for Dogecoin to rise?

The Dogecoin price has formed a trend line during the current descent, which is steadily pushing the price down. As long as the trend line does not break, we do not expect prices to rise. As the price shows no signs of breaking the trendline any time soon, we expect the price to continue falling towards $0.0875 - $0.10. There are two supports. One is a horizontal at $0.0875 and psychological support at $0.10. If the two supports fail, the price could drop many more percentages.


Dogecoin price has one last chance to prove bullish at $0.10. If the price fails to hold the support, which we expect to do over the next few months, the price could drop to the nearest support. This is about 90% below the next support ($0.10). If the price breaks the $0.10 support, we will see rates of $0.0075 – $0.01. There is the next support zone where the Dogecoin course could find buyers. In our view, the price would be reasonably valued by the market as soon as the price hits the 1 cent mark.

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