Dogecoin Predicted to Hit $0.1 Despite Recent Drop, Says Analyst

Share on Facebook Share on Twitter

DOGE Prediction: Despite 12% Price Drop in 2024, a Value of $0.1 is Expected

Despite a significant price drop since the beginning of 2024, the price of DOGE seems ready to rise. Although DOGE has lost 12.37% of its value this year, the cryptocurrency could soon reach a value of $0.1. The price rose more strongly than the DAA (Daily Active Addresses), suggesting a buy signal.

Analyst Opinion and Buying Opportunity

Analyst Ali Martinez revealed on X (formerly Twitter) that DOGE could be on its way to $0.1. According to Martinez, the Tom DeMark (TD) Sequential has presented a buying opportunity that could also predict the run. However, the price prediction depends on the support at $0.074. If the bulls can defend this support, DOGE could reach $0.1. A break below could further lower the price.

Timing for Entry?

Traders who open long positions at the market price of $0.08 could be profitable. Again, it’s important to emphasize that the key to potential is the support at $0.074. At the time of the press release, the price of Dogecoin had decreased by 12.37% since the beginning of the year. Should the price rise to $0.1 or higher, these losses would be wiped out, potentially offering holders a 20% profit.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

Price-DAA Divergence and Buy Signals

A look at the price-DAA divergence suggests that an entry into Dogecoin at $0.08 could be ideal. DAA stands for Daily Active Addresses, i.e., the number of unique crypto addresses interacting with a particular coin. At the time of publication, the price-DAA was -45.35%. If the price had fallen more than the DAA, DOGE would have shown an exit signal. However, as the price has risen more than the DAA, this suggests a buy signal.

Bullish Divergence and Possible Trend Reversal

From a technical perspective, the Exponential Moving Average (EMA) showed that DOGE’s trend could be bullish in the medium term. This is because the 50 EMA (blue) crossed over the 200 EMA (yellow). Additionally, the 50 EMA was close to $0.085, suggesting that this point could later be the coin’s support level. Furthermore, the Know Sure Thing (KST) indicator and the price action moved in opposite directions. While the Dogecoin price reached lower lows, the KST showed signs of higher lows. This is considered a bullish divergence. Therefore, a potential upward trend reversal could be imminent.

RSI and DOGE’s Outlook

At the time of the press release, the Relative Strength Index (RSI) was at 43.23 and trying to cross the midpoint. If the RSI exceeds a value of 50, DOGE could be on its way to $0.1 faster than expected.

Sources: Santiment, TradingView

Casinos: 39
Profile Dogecoin
Symbol DOGE
Coin type Alt Coin
Transaction Speed Medium
Pros
  • One of the fastest coins for payments
  • Easy entry into the crypto world
Cons
  • As an original Bitcoin parody, offers no technical innovations
Price 0,13 €
Percent Change 24h 0,07 %
Percent Change 7d -6,85 %
Percent Change 30d -11,25 %
Percent Change 60d -8,03 %
Percent Change 1y 123,40 %
Market Cap 18.459.162.741,00 €
Official Links
Socials Reddit | X
Best 3 Dogecoin casinos
Share on Facebook Share on Twitter

The 3 best crypto casinos

100% without limit + 100 Free Spins
Welcome bonus
Cryptocurrencies (11)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
CoinKings review
Bonus Information CoinKings
Wagering requirements 35x bonus
35x free spins winnings
Minimum deposit €20
Maximum bet €5
Bonus validity 14 days for deposit bonus
7 days for free spins
  • There is no maximum bonus amount.
  • 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino

In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.

Author & Responsibility: Gregor Ziegler
Last update by Isabella Brown on 10. June 2024
Anjuan Gaming
Anjouan
Licence
Curaçao License
Curaçao
Licence
Up to 1 BTC + 100 Free Spins
Welcome bonus
BETSFTD
Cryptocurrencies (24)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Chainlink_Logo
  • dai-logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
  • Zcash Signet (black)
Bets.io review
Bonus Information Bets.io
Wagering requirements 40x deposit + bonus
40x free spins winnings
Minimum deposit 0.00034 BTC or equivalent
Maximum bet 0.00003 BTC or equivalent
Bonus validity 30 days to claim
14 days to wager
  • Minimum deposit: 0.048 BCH • 0.0068 ETH • 0.26 LTC • 154 DOGE • 20 USDT • 40 XRP • 180 TRX • 48 ADA • 0.04 BNB • 20 BUSD • 20 USDC.
  • Maximum bet per round: 0.005 BCH • 0.0007 ETH • 0.03 LTC • 15 DOGE • 2 USDT • 4 XRP • 19 TRX • 4.8 ADA • 0.004 BNB • 2 BUSD • 2 USDC.
  • Free spins are credited on “Max Miner” by Gamebeat, 20/25 free spins per a day.
How did we rate this casino

Bets.io is our number 1 among crypto casinos because they have kept everything great about Dama Casinos, such as their excellent game selection and well-known reliability, while eliminating the frustrating KYC processes and traditional payment methods that can hinder the full crypto casino experience.

Author & Responsibility: Steven Harper
Last update by Isabella Brown on 10. June 2024
Curaçao License
Curaçao
Licence
100% up to 1 BTC
Welcome bonus
Cryptocurrencies (9)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Metaspins review
Bonus Information Metaspins
Wagering requirements 40x bonus
Minimum deposit 0,1 mBTC
Maximum bet $5 per spin
Bonus validity 7 days to wager
  • There is no cap on winnings or withdrawals.
How did we rate this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Author & Responsibility: Isabella Brown
Last update by Michael Schmitz on 14. June 2024
Curaçao License
Curaçao
Licence

Latest News

Paula Winkler

Created by

After over 6 years in print journalism, I stumbled into the iGaming niche in 2017. One thing became evident to me quickly: Online Casino Reviews need more transparency! I joined the Kryptocasinos.com Team in 2023 and are the main expert for all topics related to „Player Security“.
In my private life, I am an active member of the volunteer fire department and enjoy the outdoors with my dog Ruby.
Reviewed by
Nerd of Numbers

Last update: 11. June 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.

Compare Casinos Choose up to 3 casinos to compare