{"id":412095,"date":"2024-08-06T09:30:52","date_gmt":"2024-08-06T04:00:52","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=412095"},"modified":"2024-08-06T14:29:13","modified_gmt":"2024-08-06T08:59:13","slug":"dogecoin-expert-predicts-drop-below-7-cents-is-a-1-surge-still-likely","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-expert-predicts-drop-below-7-cents-is-a-1-surge-still-likely\/","title":{"rendered":"Dogecoin: Expert predicts drop below 7 cents &#8211; Is a $1 surge still likely?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Crypto analyst predicts Dogecoin could dip below 7 cents before potentially surging to fulfill a $1.00 prophecy.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Despite bearish trends, large Dogecoin holders show confidence, signaling a possible trend reversal above $0.105 support.<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/dogecoin-doge-price-prediction-33\/\" target=\"_blank\" rel=\"noopener\">Dogecoin [DOGE]<\/a> has recently experienced considerable volatility, mirroring the broader instability across crypto markets.<\/p>\n<p><span style=\"font-weight: 400;\">Crypto analyst CryptoKaleo has predicted a significant drop to below 7 cents, raising concerns among investors and traders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CryptoKaleo <\/span><a href=\"https:\/\/x.com\/CryptoKaleo\/status\/1820314425129042234\"><span style=\"font-weight: 400;\">shared<\/span><\/a><span style=\"font-weight: 400;\"> on X:\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cFinally got the break back beneath ten cents. Price is currently hanging around support from the lows we saw last month. Still see there being a decent chance we get one last flush to sub 7 cents from here. After that &#8211; no more pain. Just a few months of chop before full send to fulfill the prophecy of $1.00+.\u201d<\/span><\/p><\/blockquote>\n<figure id=\"attachment_412096\" aria-describedby=\"caption-attachment-412096\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-Kaleo.jpeg\"><img decoding=\"async\" class=\"wp-image-412096 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-Kaleo.jpeg\" alt=\"\" width=\"1200\" height=\"475\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-Kaleo.jpeg 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-Kaleo-300x119.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-Kaleo-1024x405.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-Kaleo-768x304.jpeg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><figcaption id=\"caption-attachment-412096\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">As of press time, the price of Dogecoin stands at <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">$0.082<\/span><\/a><span style=\"font-weight: 400;\">, marking a 23.91% decline in the last 24 hours and a 38.86% decrease over the past week. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a circulating supply of 150 billion DOGE, the market capitalization is valued at approximately $11.96 billion.<\/span><\/p>\n<h2><b>DOGE indicators reflect bearish momentum<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The price trend of Dogecoin has been below the middle Bollinger Band, indicating a bearish momentum. The widening of Bollinger Bands typically suggests increased volatility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Chaikin Money Flow (CMF) was at -0.19, signifying selling pressure and capital outflow from DOGE. This negative CMF value reinforces the bearish sentiment as it indicates money is leaving the asset.<\/span><\/p>\n<figure id=\"attachment_412097\" aria-describedby=\"caption-attachment-412097\" style=\"width: 1524px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-tradingview.png\"><img decoding=\"async\" class=\"wp-image-412097 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-tradingview.png\" alt=\"\" width=\"1524\" height=\"1074\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-tradingview.png 1524w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-tradingview-300x211.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-tradingview-1024x722.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-tradingview-768x541.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGE-tradingview-1200x846.png 1200w\" sizes=\"(max-width: 1524px) 100vw, 1524px\" \/><\/a><figcaption id=\"caption-attachment-412097\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Additionally, the Relative Strength Index (RSI) was at 30.53, nearing the oversold threshold of 30. This could signal potential short-term reversal or consolidation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, considering the overall bearish context highlighted by other indicators, the RSI alone should not be the sole indicator for buying decisions.<\/span><\/p>\n<h2><b>Decreased network activity<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Meanwhile, there has been a sharp decline in active addresses, now around 47.3K, down from peaks exceeding 345K. Transaction counts have shown sporadic spikes but generally follow a downward trend, currently at 204K.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This decline points to reduced network activity and user engagement with DOGE.<\/span><\/p>\n<figure id=\"attachment_412098\" aria-describedby=\"caption-attachment-412098\" style=\"width: 2230px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/santiment-DOGE.png\"><img decoding=\"async\" class=\"wp-image-412098 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/santiment-DOGE.png\" alt=\"Dogecoin\" width=\"2230\" height=\"1150\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/santiment-DOGE.png 2230w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/santiment-DOGE-300x155.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/santiment-DOGE-1024x528.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/santiment-DOGE-768x396.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/santiment-DOGE-1536x792.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/santiment-DOGE-2048x1056.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/santiment-DOGE-1200x619.png 1200w\" sizes=\"(max-width: 2230px) 100vw, 2230px\" \/><\/a><figcaption id=\"caption-attachment-412098\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Despite the bearish indicators, an AMBcrypto <\/span><a href=\"https:\/\/ambcrypto.com\/why-dogecoins-decline-could-set-the-stage-for-a-400-hike\/\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\"> indicates that large holders&#8217; outflow has decreased from a high of 192 million to 42 million.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">DOGE Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\"> This suggests that large Dogecoin holders are not selling their assets, implying confidence in a potential trend reversal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If Dogecoin closes above the critical support level at $0.105 on daily charts, it may reverse the trend and attempt to challenge the $0.13 resistance level.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analyst warns of imminent drop below 7 cents for Dogecoin, before a hike to $1.<\/p>\n","protected":false},"author":95,"featured_media":412128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,6387,66,3,4,20],"tags":[6427,6428],"class_list":["post-412095","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-dogecoin-news","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto","tag-new-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Expert predicts imminent drop below 7 cents\u2014Is a $1 surge on the horizon?<\/title>\n<meta name=\"description\" content=\"Dogecoin faces a potential plunge below 7 cents amidst volatility, as indicators show bearish momentum and decreased network activity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/dogecoin-expert-predicts-drop-below-7-cents-is-a-1-surge-still-likely\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin: Expert predicts drop below 7 cents - Is a $1 surge still likely? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Analyst warns of imminent drop below 7 cents for Dogecoin, before a hike to $1.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/dogecoin-expert-predicts-drop-below-7-cents-is-a-1-surge-still-likely\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-06T04:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-06T08:59:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/News-Articles-FI-Editors-73.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Olivia Stephanie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Olivia Stephanie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"AnalysisNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/dogecoin-expert-predicts-drop-below-7-cents-is-a-1-surge-still-likely\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/dogecoin-expert-predicts-drop-below-7-cents-is-a-1-surge-still-likely\\\/\"},\"author\":{\"name\":\"Olivia Stephanie\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/5648bbf6234d3152a00b4b1409f817d6\"},\"headline\":\"Dogecoin: Expert predicts drop below 7 cents &#8211; 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