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Doge Price Prediction: After Powell's speech, Dogecoin rises 10% and forms a double bottom at $0.20 at ETF deadline.
Doge Price Prediction: Dogecoin shows bullish trend after Powell speech In the last few days, Dogecoin (DOGE) has recorded a 10% increase. This increase comes in direct connection with a speech by Jerome Powell, Chairman of the US Federal Reserve. While Powell spoke about the current monetary policy, the market reacted positively, leading to a recovery in the Dogecoin price. After Dogecoin retested the $0.20 mark, the cryptocurrency formed a double bottom signal, indicating a potential trend reversal. This technical pattern is often an indication that price is ready to move back up after a period of decline. Additionally …
Doge Price Prediction: After Powell's speech, Dogecoin rises 10% and forms a double bottom at $0.20 at ETF deadline.
Doge Price Prediction: Dogecoin shows upward trend after Powell speech
In the last few days, Dogecoin (DOGE) has seen a 10% increase. This increase comes in direct connection with a speech by Jerome Powell, Chairman of the US Federal Reserve. While Powell spoke about the current monetary policy, the market reacted positively, leading to a recovery in the Dogecoin price.
After Dogecoin retested the $0.20 mark, the cryptocurrency formed a double bottom signal, indicating a potential trend reversal. This technical pattern is often an indication that price is ready to move back up after a period of decline.
Additionally, a major ETF application is expected in the near future, which could provide further impetus for the crypto market, including Dogecoin. The opening opportunities within ETF development could have a positive impact on the entire industry, which would also benefit Dogecoin.
The current market situation and upcoming events could mean that Dogecoin remains volatile as investors react to further news and developments from the financial world.
It is now crucial for crypto investors to monitor developments in market psychology and the current trend as Dogecoin continues to head towards new price points.