dogecoin Its price fell 10% for the week, making it the worst performer among the top 10 assets with the recent market correction. A few days ago, the situation was completely different and the value of the meme coin rose above $ 0.22 for the first time since November 2021, which presented a completely different scenario.
Many analysts believe that DOGE will recover soon and rise to new highs. An example of this was the analysis of Trader Tardigrade, who recently claimed that Dogecoin is running the “7-year cycle.” He compared the asset’s price performance to years ago, claiming $2, $9 and even $40 were possible.
As we reported as Koinfinans.com, the popular name Mayne touched on the current market performance of the asset and said two possible scenarios. predicts. Dogecoin could lose support near $0.18 and enter a “much larger correction,” or the bulls could step in and “the party can continue.”
Big spot here for Doge imo.
NEWS CONTINUES BELOWBulls really want this area to hold, I think losing support here opens the door for a much larger correction.
RR skewed positively for longs, if we hold and can reclaim that old high the party continues. pic.twitter.com/HgSX60XuXv
— Mayne (@Tradermayne) April 3, 2024
Previously, Rekt Capital and Bitcoin early adopter Davinci Jeremie also outlined his bullish predictions. The former argued that DOGE could rise towards $0.30 due to the start of a new “macro trend,” while the latter stated that the meme coin is a must-have asset in investors’ portfolios.
