Will DOGE Exceed $0.1 by March 2023?
Dogecoin has lost almost 10% of its value in the past week due to Bitcoin’s flash crash towards the end of last week. At the time of writing, the crypto market’s aggregate value fell by 0.61%, hovering around the $1tn mark. Dogecoin fell substantially below $0.08 at the end of last week, having previously traded between $0.095 and $0.071 in November 2020. However, if bearish conditions continue, the cryptocurrency could slip beyond $0.071 or $0.068. DOGE’s largest resistance lies around the $0.077-$0.094 mark, with 391.75k addresses holding 34.69 billion DOGE tokens up to that point. With both Bitcoin and Ethereum sharing a 0.9 correlation at the time of writing, market participants will monitor the market leaders for directional bias, and other altcoins, including DOGE, will follow.