Market Performance: Dogecoin (DOGE) experienced a decline of over 2% during the Thanksgiving holiday, with trading volume dropping by 38% to $918 million, which was a sharper decline compared to Bitcoin and Ethereum.
Technical Analysis: Analysts have identified key resistance at $0.20 and support at $0.080 for Dogecoin, with uncertainty about future price movements as it remains in a consolidation zone, according to the Elliott Wave theory.
ETF Launches: Two spot exchange-traded funds (ETFs) for Dogecoin, the Grayscale Dogecoin Trust ETF and Bitwise Dogecoin ETF, launched on Wall Street, attracting a combined $2.16 million in net inflows.
Current Price: As of the latest data, Dogecoin was trading at $0.1506, reflecting a 2.23% decrease in the last 24 hours, while the newly launched ETFs showed positive performance in their trading sessions.
Wall Street analysts forecast BWOW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BWOW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast BWOW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BWOW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 20.368
Low
Averages
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Current: 20.368
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Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
