Dogecoin forecast – THIS level must hold for the price to rise!

Dogecoin price was able to recover and could make a high of around $0.0785. After that high was formed, price plummeted. However, this crash was not necessarily negative. The Dogecoin course was able to reach the GoldenPocket of the last upward movement. If this GoldenPocket holds for the next few days, the price could form an uptrend in the near future. This short-term uptrend could increase the price by around 30%. After that, however, we see the price drop again as there is resistance there ($0.079). It is very unlikely that the Dogecoin price will form a sustained upward trend. However, a trend reversal could occur in about 7 months, so keep your eyes peeled.

The entire crypto market is in the middle of a descent. The US released inflation figures yesterday. These have never been as high as in 1981. The current inflation rate is 9.1%. Of course, this news also has a negative impact on the crypto market, which is why some cryptocurrencies dropped sharply yesterday at 2:30 p.m. Due to this, we do not assume that the Dogecoin price will sustain the GoldenPocket and form an upward trend.

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