Dogecoin Price Prediction as DOGE Pumps Up 4% – Where Next?
Dogecoin (DOGE) has pumped up a little over 4% on Friday, with the world’s most popular meme coin last trading close to $0.066.
That means DOGE has managed to recover back above its 21-Day Moving Average at $0.0635.
The Friday recovery comes as crypto markets shrug off reports that the SEC has told spot bitcoin ETF applicants that their filings are inadequate, with a helping hand from a downside surprise from the latest US PCE inflation report.
Price Prediction – Where Next for Dogecoin (DOGE)?
However, DOGE is still trading to the south of its other major moving averages such as the 50, 100 and 200DMAs, as well as a downtrend from the yearly highs.
As a result, Dogecoin price predictions remain pessimistic, with the cryptocurrency still likely to find resistance if it is able to retest resistance in the $0.08 area.
If Dogecoin was to recover back to the $0.08 area and then find strong resistance, a retest of yearly lows in the $0.0540 area would be on the cards.
Dogecoin (DOGE) Alternatives to Consider
Investors should always be on the lookout to diversify their crypto holdings.
One high-risk-high-reward investment strategy that some investors might want to consider is getting involved in crypto presales.
This is where investors buy the tokens of up-start crypto projects to help fund their development.
These tokens are nearly always sold very cheap and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023.
Disclaimer: This section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
