Dogecoin Crashes 21% In 30 Days: But It Could Rebound Soon
Dogecoin (DOGE) is facing a steep price correction. The memecoin is trading in the red zone in nearly all time frames. DOGE’s price is down 1.6% in the daily charts, 13.6% in the weekly charts, 12.9% in the 14-day charts, and 21.7% over the previous month. Despite the massive pullback, the memecoin has risen by 40.4% since June 2024. Source: CoinGecko Why Dogecoin Could See A Recovery Soon Source: Watcher.Guru According to X user “Trader Tardigrade,” DOGE’s average directional index (ADX) seems to mirror its 2020 pattern. DOGE was trading at around $0.004 by the end of 2020. The original memecoin’s price skyrocketed to an all-time high of $0.7316 by May 2021. The rise represents a rally of about 18,175%. If DOGE experiences a similar rally, its price could surge to $31.25. #Dogecoin's weekly Average Directional Index (ADX) shows a lower low following two tops in the mid-zone. This pattern mirrors ADX behavior just before significant moves in 2020 $Doge/W1 p...