The Dotecoin price has increased over 10% in the past seven days and has provided an optimistic outlook for the leading Meme coin. This development has occurred on the basis of several factors, including Donald Trump’s decision to alleviate certain tariffs.
Why the price for dotecoin increased over 10%
Coinmarketcap data shows that the price for Dogecoin has increased over 10% in the past seven days. This price storm started especially over the weekend after reporting Donald Trumps awaited tariffs with excitement On April 2, only sectors could be limited and not feared as wide as before.
In an address yesterday, Trump also mentioned that he could give many countries a break of mutual tariffs, a step that could cool down the trade wars and provide a bullish view for them Dotecoin price And the prices for other risk assets. Therefore, this has triggered a bullish feeling for investors who battle again on mastiff, a step that triggered this increase for the Meme coin.
The Dotecoin Prize also rose due to the The latest increase in Bitcoin Price Up to 88,500 US dollars. The most important Meme coin shares a strong positive price correlation with the flagship crypto. Therefore, Dogy is obliged to gather because BTC reaches new heights. Thanks to Bitcoin’s surge, the view of the wider crypto market is optimistic, and Doke also benefits from it.
Dogecoin whales also actively accumulate in the middle of these developments, which contributed to the price boost for the Dotecoin price. This whale bought over 120 million dogen last week. House of Doge, the DOGECOIN Foundation’s company arm, also bought 10 million Doge to start his official Dotecoin reserve.
Dogen ready for the rally to $ 1
In an X -Post, the crypto analyst suggested master Kenobi that the price for Dogecoin is willing to gather at the psychological 1 -dollar level. This happened when he emphasized a massive bullish divergence, which was able to drive doge almost 1 US dollar until June of this year. The analyst had previously announced Doge is reflected A bullish pattern from the 2017 bull cycle. He predicted that the Meme coin could reach 1.1 US dollars by June if it experiences a second parabolic phase in this cycle as in 2017.
The crypto analyst Kreispax also mentioned that the price for Dogecoin continues to act in a similar pattern as in the 2017 bull cycle. He noticed that mastiff, when the second major outbreak of this cycle occurs, could rise above its current All -time high (ATH). His associated table showed that the Meme coin could collect on 4 US dollars when this outbreak occurs.
At the time of the letter, the Doge Prize has been around 0.184 USD in the last 24 hours, according to CoinmarketCap, which is over 4% in the last 24 hours.
Selected picture of Unsplash, diagram of tradingview.com
Editorial process Because Bitcoinist focuses on delivering thoroughly researched, accurate and impartial content. We comply with strict procurement standards and each page is diligently checked by our team of top technology experts and experienced editors. This process ensures the integrity, relevance and the value of our content for our readers.