NewsBTC

30 January 2025
Updated 31 January

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Dogecoin Could Rise 30% If Positive Momentum Continues

Dogecoin (DOGE) shows potential for a 30% increase to $0.43 if positive momentum persists. Key points include:

• DOGE has been consolidating, indicating a possible breakout.
• Strong support levels and rising purchasing pressure suggest upward movement.
• Recent technical analysis reveals positive signals and increasing trading volume.
• The current price of DOGE is $0.3315, needing about 28% growth to reach the target.
• Market sentiment and whale behavior are influencing price movements.
• A bullish trend in Bitcoin may enhance altcoin sentiment.

Despite these prospects, market dynamics could hinder DOGE's surge if Bitcoin experiences a downturn.

Forecasts estimate a decrease of 6.80% by March 1, 2025, with a prediction of $0.3095. The Fear & Greed Index currently indicates greed at 70, yet technical indicators show neutral sentiment.