Dogecoin (DOGE) has been on a rollercoaster this past week. On June 12, the asset price fell from $0.150 to $0.134.
The price of the most popular meme coin, DOGE, has been on a rollercoaster this past week. On June 12, the asset price fell from $0.150 to $0.134.
According to CoinMarketCap, the coin price has decreased by more than 11% within the past week. This was due to the BTC price drop, which affected altcoins.
Moreover, in the last 24 hours, the bears seem to have control of DOGE, as it’s down slightly by 1.87%. Dogecoin ($DOGE) is trading at $0.14. Despite this decline, experts point to several bullish indicators suggesting a potential price rebound.
This analysis provides a hopeful outlook for Dogecoin’s future amidst its recent dip. But can DOGE bounce back?Expert Predicts Bullish Trend for Dogecoin Amid Key Indicator Turning Green
According to crypto analyst Kevin, a key Dogecoin indicator has turned green for the first time since 2020. He noted on X that the 12-day Gaussian channel on Dogecoin’s chart recently flipped green.
This change signals a possible strong bullish trend for the asset in the upcoming months. Kevin emphasized that this indicator has consistently predicted trend changes, implying a bullish reversal for Dogecoin.
In another post, he highlighted Dogecoin’s resilience compared to other altcoins, even as the broader crypto market struggles. He believes that if Dogecoin stays above the Macro 0.382 Fib level and the support zone on the weekly chart, it could move into the range of $0.26 to $0.33.
Additionally, Kevin pointed out a bullish pattern in the four-hour chart. He noted that Dogecoin’s deviation back into a larger symmetrical triangle is a positive sign.
He stressed the importance of Dogecoin moving above key moving averages and predicted it might test the $0.175 level soon, with significant liquidity. Furthermore, Kevin highlighted a substantial block of liquidity at the $0.175 level, which he considers crucial.
