• Crypto Tony believes that if DOGE can obtain a day by day shut above $0.07, the Memecoin may go increased.
• On the time of writing, DOGE was buying and selling at $0.06886 after a 0.33% improve in worth.
• Technical indicators advised that DOGE may rise to $0.077 throughout the subsequent week.

Famend cryptocurrency dealer and investor Crypto Tony predicted on Twitter yesterday {that a} memecoin rally could possibly be simply across the nook. In accordance with the dealer, if Dogecoin (DOGE) achieves a day by day shut above $0.07, it is going to be “a showtime for the bulls” and Memecoin will rise once more.

On the time of writing, nearly all of cryptocurrencies had been buying and selling within the pink, however DOGE was in a position to see the value rise within the final 24 hours of buying and selling. Cryptocurrency market monitoring web site CoinMarketCap confirmed that DOGE is buying and selling at $0.06886 after gaining 0.33%.

Which means that DOGE is buying and selling somewhat nearer to the day low of $0.06792 than the 24 hour excessive of $0.07142. Memecoin’s rise in worth additionally meant that its weekly efficiency was nonetheless firmly rooted within the inexperienced zone of +5.26%.

Moreover, DOGE’s 24-hour buying and selling quantity elevated by virtually 50% to roughly $446 million. Memecoin has a market capitalization of $9,642,168,317, rating because the eighth largest amongst cryptocurrencies. This put him in seventh place, simply behind Cardano (ADA).

From a technical standpoint, DOGE has made additional lows previously few weeks and has been buying and selling at present ranges. Moreover, a major bullish flag was triggered on DOGE’s day by day chart because the 9-day EMA broke above the 20-day EMA line on Saturday. Since then, the 2 technical indicators have acted as assist for cryptocurrency costs.

If DOGE breaks out of the $0.07 resistance and closes the day by day candlesticks within the subsequent few days, a rally to $0.0770 is feasible within the subsequent week. Continued shopping for stress may push Memecoin worth to the following main resistance stage of $0.0830.

Alternatively, if DOGE fails to shut the day by day candlestick above the aforementioned $0.07 stage by July 17, 2023, there could also be a danger of a fall to the 9-day EMA line. On this situation, DOGE worth may drop to $0.0671.

Disclaimer: As with all data shared on this pricing evaluation, views and opinions are shared in good religion. Readers ought to do their very own analysis and due diligence. Readers are strictly liable for their very own actions. COIN EDITION AND ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY DIRECT OR INDIRECT DAMAGES OR LOSSES.