Analyst Forecasts Dogecoin May Fall 64% to $0.05 Without Bitcoin Surge

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2d ago

Dogecoin Price Prediction: A cryptocurrency analyst predicts that Dogecoin could drop to $0.05-$0.06 within 12 months if Bitcoin remains in a bear market, representing a 64% decline from its current price of $0.14.
Technical Analysis: The analyst, VisionPulsed, bases this forecast on technical indicators suggesting Bitcoin has entered a bear regime, with Dogecoin historically trending lower when Bitcoin trends higher.
Conditional Outlook: The bearish scenario for Dogecoin could be invalidated if Bitcoin reaches a new all-time high by February, which would lead to a potential price increase for Dogecoin.
Current Market Status: As of the latest update, Dogecoin is trading at approximately $0.1411, while the broader market sentiment remains cautious due to Bitcoin's performance.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Analyst Forecasts Dogecoin May Fall 64% to $0.05 Without Bitcoin Surge

About the author

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