Crypto Trader Takes Bullish Position on Dogecoin (DOGE)

  • This prediction was met with mixed feelings from the crypto community.
  • DOGE is currently trading hands at $0.0783 after a 6.46% price decrease.

A well-known crypto trader and analyst took to Twitter on April 2 to share his thoughts about what the price of Dogecoin (DOGE) could do in the coming days, as well as how he plans to trade the meme coin. According to the post, the analyst is convinced that the price of DOGE will soon reach $0.08.

Dogecoin / US Dollar 1W (Source: TradingView)

The trader added to his post that he plans to take a long position on DOGE. Looking at the responses to this post, there are some mixed feelings from the community. Some people agree that $0.08 is a possibility for DOGE in the coming days, while others are a bit more doubtful of this possibility.

CoinMarketCap indicates that DOGE is currently trading hands at $0.0783 after a 6.46% price decrease over the last 24 hours. The meme coin also weakened against Bitcoin (BTC) and Ethereum (ETH) by about 4.61% and 4.88% respectively over the same time period. The analyst’s prediction did indeed happen as DOGE reached a high of $0.08415 over the last day.

At the moment, DOGE’s weekly performance is still looking up as it is in the green by more than 6% over the last seven days. DOGE’s 24-hour trading volume is currently in the red zone, and now stands at $705,736,642 after a more than 17% decrease since yesterday.

With a market cap of $10,869,902,606, DOGE is currently ranked as the 8th biggest crypto in terms of market capitalization. This places the meme coin right behind Cardano (ADA) in the 7th position and in front of Polygon (MATIC) which is ranked 9th on the list of the biggest cryptos.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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