Where Will Dogecoin Go Next as DOGE Surges by 4%?
Dogecoin (DOGE) has seen a small increase of 4% in its price, reaching close to $0.066. This has allowed the cryptocurrency to recover above its 21-Day Moving Average at $0.0635. However, DOGE is still trading below its other significant moving averages, including the 50, 100, and 200DMAs, as well as facing a downtrend from its yearly highs. This has led to a pessimistic outlook for Dogecoin price predictions, with resistance expected if it attempts to retest the $0.08 area. If resistance is encountered, there is potential for a retest of yearly lows around $0.0540.
In light of the challenges facing Dogecoin, investors are advised to diversify their crypto holdings. One high-risk-high-reward strategy is to invest in crypto presales. In these presales, investors purchase tokens of emerging crypto projects to support their development. These tokens are typically sold at low prices and have historically provided significant gains for early investors. Identifying promising projects with strong teams and groundbreaking visions can lead to favorable risk/reward ratios.
To assist investors, the team at Cryptonews has compiled a list of 15 crypto presales considered to be the best in 2023. These projects have visionary teams and aim to deliver revolutionary applications or platforms within the crypto industry.
It is important to note that the views expressed in this article are from industry players and are not part of Cryptonews.com’s editorial content.
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