Predicting Dogoin Price: Bloomberg analyst says that Crash is coming like Doge Mirors Bitcoin
Dogecoin has seen increasing fluctuations over the past 48 hours, with a decrease in the price of $ 0.157 to a short peak of $ 0.185. Although this step was part of an increasing interest In the broader encryption marketMimi’s currency slipped to $ 0.172 at the time of writing this report. This is a price reflection Dogecoin places in a The unstable position, and once again threatened to decline to less than the level of $ 0.17, which traders were hoping to turn a new support base.
The acute height and the sharp decline on equality are the latest examples of the wrong Doge trading behavior, which now collects comparisons with other total assets, Bitcoin performance against gold.
“The Planning Self”: Dogecoin after the Bitcoin path
a plan Common on the social media platform BlooBerg Intelligence Mike Mike McGlone offers an attractive overlapping on the path of the Dogecoin market and the rate of bitcoin to gold. According to McGlone, these two aspects were moving in the same way for some time, as it showed what he referred to as “the syndrome of the scheme itself.”
In particular, the graph that the analyst shared shows that the maximum of the Dogecoin market and the Gold Cross are moving side by side since December 2024. His analysis sheds light on how both assets have respected the upper trend line during the past few months but warn that this support may not last longer.
The similarity between the Dogcoin and Bitcoin Performance for Golden Signs to McGLONE is that the descending result may be imminent. Concurrent patterns between the two schemes, both of which rise strongly in 2024 and then return to the upward support line, indicate that DOGE may enter a declining cycle instead of a full boarding cycle. In particular, McGlone expects the upward support line will be eventually violated soon.
Stagumive fears indicate
Violation of the rising trend line, as Mike McGonon predicted, will definitely send the roof of the Dogoin market. This contradicts the prevailing feelings between analysts, who are Predicting a greater gathering To the end before the end of the year.
However, McGlone not only built its DOGE airports on price movement. In his position, the expected collapse of both Dogcoin and Bitco/Gold linked to the developments of the wider macroeconomic economy, especially the possibility of the recession that strikes the United States market.
It is worth noting that the rising support line that kept the maximum of the Dogoin market is currently about $ 22 billion, making this level important for monitoring. At the time of writing this report, Dujaj is trading at $ 0.1720 with the maximum market of $ 25.63 billion. Based on its current trading supplies of 148.98 billion, the market value of Dogecoin will decrease to less than $ 22 billion if its price decreases to $ 0.147.
Distinctive photo of Shutterstock, Chart from TradingView.com
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