Dogecoin’s Continued Decline Sees Investors Seek For Other Profitable Alternatives
The post Dogecoin’s Continued Decline Sees Investors Seek For Other Profitable Alternatives appeared on BitcoinEthereumNews.com.
SPONSORED POST* As Dogecoin’s price forecast fails to instill confidence, the meme coin’s investors seek refuge in other profitable alternatives. Many have found ETFSwap (ETFS) a viable option and are buying the token’s ongoing presale as they anticipate 10,000% returns in a few weeks. Dogecoin Under Enormous Negative Pressures As The Meme Coin Plunges Toward Crucial Level Dogecoin (DOGE) has been trading in the red for the larger portion of the last 30 days and is currently at $0.09911, a 3.84% drop in 24 hours. The meme coin’s lackluster price performance has lost its investors quite a chunk of money. Unfortunately, technical analysis of Dogecoin’s price chart forebodes more losses for the meme coin. Negative pressure from trading below the 50-day SMA coupled with the dominant downward correctional trend in the medium term have portended a sustained downward race for Dogecoin’s price. Additionally, the meme coin’s Relative Strength Index (RSI) drew way above 70, overbought compared to the price, indicating a negative divergence. Therefore, analysts expect Dogecoin’s price to edge lower and target the crucial support level at $0.07848, provided the $0.12010 resistance holds. These bleak developments have pushed several Dogecoin (DOGE) investors to more favorable investments such as ETFSwap (ETFS). ETFSwap (ETFS) Provides Superior Investment Opportunities For Investors Amid Struggling Crypto Economy ETFSwap (ETFS) has been touted by top analysts and crypto experts as the token with the greatest profit potential in 2024. Many were influenced by the incredible success of its ongoing token presale and the platform’s unique offering of hybrid institutional assets on a decentralized infrastructure. ETFSwap (ETFS) is a tokenization platform for hybrid institutional assets. The platform bridges the gap between DeFi and traditional finance, allowing traders and investors to buy and invest in ETFs backed by real-world assets such as cryptocurrency, equity, stocks, etc. On…
Filed under: News - @ August 21, 2024 10:25 pm