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.
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.
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
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