Is DOGE Poised to Reach $0.10 Soon with $650 Million Trading Volume and Positive Price Predictions?
Dogecoin, the most popular meme coin, has experienced a dip in price, falling alongside the rest of the crypto market due to regulatory pressure. Investors are now waiting for key economic data releases in March and the FOMC meeting at the end of the month to determine the direction of the market. Dogecoin’s price stability at $0.074 is attributed to investors’ strong conviction that the crypto will turn things around. Meanwhile, Elon Musk, the CEO of Tesla, who holds Dogecoin, Bitcoin and Ethereum, announced that he is switching his focus from crypto to AI. He warned investors to be careful with technology, calling for the creation of an ethically run AI company to rival OpenAI. In terms of Dogecoin price predictions, support at $0.074 is a critical point to watch, and declines may become apparent should Dogecoin slide below this point. If there is a break above the seller congestion area at $0.10, Dogecoin may be able to reclaim a position past $0.08 and attack the seller congestion zone once more. The IOMAP model by IntoTheBlock also shows that there are roughly 35.45 thousand addresses that bought 34.23 billion DOGE between $0.0738 and $0.0758. Investors in this cohort may keep Dogecoin price profitable despite widespread regulatory oversight of the industry.
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