The price of Dogecoin fell to less than $ 0.14 on Tuesday, April 8, as it recorded 20 % losses on the weekly time frame. Bulls traders continue to express optimism that the next bounce stage can push Dog to new levels at all times.
With fresh stimuli such as Trump’s strategic reserve and expected flows from Altcoin Etfs under Sec -View, is it $ 100 realistic goal for Dogecoin?
Could the price of Dogecoin reach $ 100?
Amid the collapse of the global market, Dogecoin (Doge) continues to attract great attention. It is worth noting that it is the largest mechanical depending on the market value, at a large world dwig while society remains one of the most active encoders.
With the encryption markets decline to its lowest weekly levels at $ 0.14, Bull continues to weigh the possibilities of high prices of Dogecoin to their highest levels at all times that exceed $ 100.
A realistic look at the DOGECOIN’s trading supply and basic market mathematics raises great doubts about DOGE price expectations of $ 100.
according to Coingecko dataDOGECOIN has a circulating supply of more than 148 billion symbols. In $ 100, Dogecoin will get the maximum market for $ 10 trillion.
Even if the total offer has reached $ 100 billion, reaching $ 100 per code will require obtaining the market value of $ 10 trillion.
This is approximately five times the maximum market market of Apple, the most valuable companies in the world, and more than Appl, NVIDIA and Microsoft shares combined
In comparison, the total bitcoin offer is 21 million coins, and has not yet broken a sustainable assessment of $ 1.5 trillion. The assessment of $ 10 trillion for DOGE will exceed the M2 money money of many major economies, making the target price unlikely sporty in the current economic conditions.
DOGECOIN: Cap technical signals upside down at $ 0.25 in the near term
As of April 8, Dogecoin is trading near $ 0.19, a decrease of approximately 10 % from the highest monthly level at $ 0.21. However, the DOGECOIN price expectations indicate that Dogecoin may have difficulty collapsing over $ 0.25 in the short term. Unless it is a major catalyst – such as X Doge or another tweet from Elon Musk – the bullish capabilities appear in this domain, while the prediction of $ 100 remains a target of distance.
Dogecoin is currently working at approximately $ 0.14, which is much lower than the highest level in early April, which is $ 0.21, with a clear decrease in bullish condemnation. The chart shows a wedge pattern that falls in textbooks – Saudi Arabia significantly – but Dogecoin has not yet performed the occurrence of an outbreak, which doubts the capabilities of the assembly without external stimuli.
The RSI is sits at 32.57, indicating excessive sale conditions, but it remains decisively less than the 50 neutral sign. This indicates twice the momentum despite the technical preparation of the reflection. The real bullish hacking RSI will require the restoration of 50 along with expansion in size, which is currently sitting at 6.11 million silent.
The nails of the size, such as those seen in early February, previously failed to maintain the bullish momentum. A 20.87 % decrease over four days reflects a support re -test rather than re -testing, confirming more frequency in the market. VWAP now exceeds slightly lower than the price at $ 0.1396, indicating that DOGE is circulating under the medium -balanced value – an additional declining braid.
The outbreak of the confirmed spaciousness can be targeted 0.4247 dollars, but until the Duj is closed above $ 0.25 with confirmation of the size, the declining bias dominates. In this DOGECOIN price expectations, traders must prepare for extended monotheism or deeper decline without news dependent on the lead to lead the bullish momentum.
The long -term price condition depends on the benefit, not the noise
The historical storms of Dogecoin were driven by feelings. However, the continuous growth at institutional levels requires usage cases in the real world. Currently, DOGE is accepted by a few traders and transformation platforms, but lacks the functions of the ETHEREUM or Enterprise attractiveness for XRP.
However, the speed of the rapid treatment of currency and low fees can support a state of small defenses or retail sale in emerging economies. However, a wide interest should be proven before the goal of one dollar is recovered.
Society’s support remains the strongest assets of Dogecoin
While the basics of the basics and calculations of the maximum market limits severe goals, Dogecoin is still one of the few cryptocurrencies with consistent global support. Society has funded projects such as moon missions and charitable initiatives, which gives it unique cultural importance.
The Elon Musk effect also pumped its price periodically, although these moves tend to be short -term. In order for Doge Price to make meaningful gains in the short term, the wider financial market must be recovered from the turmoil surrounding the US Trade War.
Related questions (common questions)
no. With 100 billion coins, Dog will need the maximum market worth $ 10 trillion – more than Apple, Microsoft and Bitcoin combined.
Technical charts show twice the relative strength index, a driver, and a low size. Without big incentives, $ 0.25 is still a strong resistance.
Motivates include approvals on ETF, Trump’s encryption plan, and potential musk approvals – although nothing currently guarantees continuous momentum.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
partner: