On April 18, traders found strong support on the downside and started a recovery, which promptly saw the price of Dogecoin (DOGE) rise to $0.15. With this price adjustment, Dogecoin price prediction took a positive turn suggesting a bullish takeover.
According to information from multiple sources, DOGE increased from a low of $0.14, rising 9% to an intraday high of $0.1536 on April 18. The well-known meme coin seems ready for a comeback, supported by rising trading volume and a solid technical configuration.
DOGE can hit the $1 mark shortly as suggested by the analysts working on Dogecoin price prediction. Various emerging projects have also been gaining momentum with their 25X ROI potential.
Dogecoin Price Prediction As DOGE Shows An Uptick In Trading Activity
With a notable spike in trading volume over a day DOGE, a dog-themed meme coin, may have rekindled investor interest. According to data, the volume of spot trades rose by 22% in a single day to reach $2.26 billion.
The notable surge in trading volume suggests that traders are keeping a close eye on Dogecoin’s price movements and points to renewed interest and activity surrounding the cryptocurrency. This has compelled the analyst to work on Dogecoin price prediction as the coin is most likely to hit the $1 level.
A bullish RSI divergence backs DOGE recovery
Before a stretch of increasingly bullish divergence between Dogecoin’s price and the relative strength index (RSI), the cryptocurrency recovered on April 18. Notably, DOGE’s price decreased from April 13 to April 18, setting lower lows. However, its four-hour RSI increased and formed higher lows simultaneously.
Technical analysis convention dictates that a divergence between declining prices and rising RSI signifies the strength of the current downtrend. When local prices drop, it encourages traders to purchase more, which starts a recovery. Therefore, DOGE is likely to exhibit a massive recovery.
However, DTX Exchange takes the spotlight with its soaring presale and 25X ROI potential, captivating investors.
DTX Exchange’s (DTX) Presale Soars As Investors Eye 25X ROI Potential
DTX Exchange (DTX) is a trading exchange that enables users to trade cryptocurrencies, forex, equities, and contract-for-differences (CFDs). The platform boasts state-of-the-art infrastructure and innovative trading features, offering users unparalleled opportunities. Notably, DTX will be the first large-scale exchange to provide users with 1000X leverage, all while eliminating the need for KYC (Know Your Customer) requirements.
With minimal trading costs, traders can maximize their investments thanks to the platform’s community-centric strategy. In addition to having access to prospective airdrops, community members are entitled to governance and voting rights. The platform offers various products, including the DTX wallet and multitier accounts, catering to a wide range of user requirements and enhancing the overall trading experience.
The ongoing presale presents marks a prime time for investors to be a part of DTX Exchange and play an integral role in shaping its future. DTX is poised to capitalize on this market opportunity, especially given its presale price of $0.02. It has readily raised about $300K within no time. It will soon sell at the $0.075 level in stage 2.
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