Although the larger part of the cryptocurrency sector has entered calmer waters, Dogecoin (DOGE) included, the popular doge meme crypto asset may still make a massive surge in the near future, considering it has just closed its first bullish monthly candle on the supertrend since 2021.
Specifically, pseudonymous crypto analyst Mikybull Crypto has observed that Dogecoin has flipped bullish on a monthly close for the first time since 2021, expressing the view that its future “is going to be explosive,” according to the X post published on April 1 and shared by Bitcoinsensus on April 2.
Dogecoin price action analysis. Source: Mikybull Crypto
Dogecoin price action analysis. Source: Mikybull Crypto
Dogecoin price analysis
For the time being, the famous doge meme crypto is changing hands at the price of $0.18486, which means it has declined 10.11% in the last 24 hours but nonetheless increased its price by 0.44% across the previous seven days, in addition to accumulating a gain of 29.17% over the past month.
Dogecoin price 7-day chart. Source: Finbold
Ultimately, the analysts’ Dogecoin prediction might, indeed, come true, although the situation in this industry can sometimes make a sudden twist, which is why doing one’s own due diligence and keeping up with any relevant Dogecoin news is important when investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
