Doge-price forecast: After Powell's speech, Dogecoin increases by 10% and forms a double floor at ETF-Deadline at $ 0.20.

Doge-price forecast: After Powell's speech, Dogecoin increases by 10% and forms a double floor at ETF-Deadline at $ 0.20.

Doge Price Prediction: Dogecoin shows upward trend to Powell speech

Dogecoin (Doge) has recorded an increase of 10% in the last few days. This increase is directly related to a speech by Jerome Powell, the chairman of the US Federal Reserve. While Powell spoke about current monetary policy, the market reacted positively, which led to a recovery of the Dogecoin Prize.

After Dogecoin saved the $ 0.20 brand, the cryptocurrency formed a double floor signal, which indicates a potential trend reversal. This technical pattern is often an indication that the price is ready to move up again after a phase of the decline.

In addition, an important ETF application will be expected in the near future, which could provide further impulses for the cryptom market, including Dogecoin. The opening options within the framework of ETF development could have a positive effect on the entire industry, which would also benefit Dogecoin.

The current market situation and the upcoming events could mean that Dogecoin remains volatile, while investors react to further news and developments from the financial world.

For crypto investors, it is now crucial to observe developments in market psychology and the current trend, while Dogecoin continues to head for new price points.