Крипто коомчулугу DOGE баасын 31-жылдын 2023-январына белгилейт

After the year started optimistic for most of the cryptocurrency базар, the momentum seems to be slowing down, including for the dog meme cryptocurrency Dogecoin (Бомж), which has gained over 21% since January 1 but declined more than 5% over the past day.

As it happens, the aggregated votes cast by the members of the crypto tracking platform CoinMarketCap have projected that the average price of Dogecoin on January 31, 2023, would stand at $0.08135, as per the most recent маалымат accessed by Finbold on January 25.

Provided that the projections, which are the result of 1,361 XNUMX мүчө добушу cast by press time, turn out to be correct, it would mean that the coin favored by Tesla (NASDAQ: TSLA) and Twitter (NYSE: TWTR) CEO Elon Musk will decline further, losing -4.13% or – $0.003504 to its current price.

At the same time, the machine algorithms over at the crypto monitoring website PricePredictions are slightly less лүкүлдөш than the community, having алдын ала that the price of Dogecoin would likely be at $0.086048 on January 31, 2023.

Dogecoin бааларын талдоо

As things stand, the meme token is currently changing hands at the price of $0.08483, down 5.52% on the day, as well as declining 2.56% across the previous week, whereas it has gained 12.22% during the past 30 days, as charts indicate.

At the same time, DOGE is facing каршылык көрсөтүү at $0.09438 for a change toward a кенен uptrend, while its support level at the time of publication resided in the $0.07774 area, promising to decline even further if this level is breached. 

Positive sentiment despite bleak predictions

Кызыктуусу, сезим around Dogecoin on the one-day TradingView gauges is positive, indicating ‘buy’ at 14, which is summarized by осцилляторлор being in the ‘buy’ zone at 2 and moving averages (MA) pointing at a ‘strong buy’ at 12.

Meanwhile, Dogecoin is among the crypto market’s top undervalued assets, along with Bitcoin (BTC) Ethereum (ETH), XRP, Cardano (ADA), Полигон (MATIC), Шиба Ину (ШИБ), Uniswap (UNI) жана Chainlink (LINK), deemed lower-risk салымдар.

Notably, DOGE could indeed switch to the bullish mode as its community focuses on new products such as Libdogecoin, Dogecoin Standard, and GigaWallet, or if there is positive news related to its greatest supporter, Elon Musk, which historically has led to Dogecoin pumps.

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