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Homeprice predictionDogelon Mars Price Prediction: Can ELON Coin Rally Upwards?

Dogelon Mars Price Prediction: Can ELON Coin Rally Upwards?

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  • As per the Dogelon Mars price prediction, the price of the ELON coin is trading at $0.0000002.
  • The ELON coin price decreased by 2.82% in the last 24 hours.
  • The Dogelon Mars 52-week price bound range is $0.0000001501 – $0.0000005614.


The Dogelon Mars price prediction highlights that the stock made a high of $0.0000006 in February 2023 and since then, the ELON price is declining by making new lower lows and lower highs. The coin roughly declined 76% in a span of 6 months giving poor returns to the investors.

However, the price took support on July 16th, 2023 from $0.0000002 which showed slight interest from the bulls. Also, the volume is $89.74 Billion which is below the average volume of $203.714 Billion which shows a lack of volume in the market as of now.

This month the coin underperformed as it was down by 18.87%. Also, the ELON price was down by 38.79% in the last six months. Moreover, the Dogelon Mars coin (GEMINI: ELON) price year-to-date return is negative with a decrease of 38.35%.

Will the Dogelon Mars Coin Reverse Soon?

The ELON price respected its significant trendline forming a falling wedge pattern, which highlights that the coin price might go upwards. But as examined, the coin’s volume lacks bull’s interest and the resistance is high as the price is below major EMA’s, if the ELON coin succeeds in accumulating more buyers only then it might surge and lead the price above hurdles. The price is consolidating at the support zone. To surge above, it needs more buying volume.

Dogelon Mars Price
Source:  ELON/USD.1D.GEMINI by TradingView

On the day of publishing, the Dogelon Mars coin is trading below the 20, 50, 100, and 200-days EMA keeping the ELON coin price below, to jump over these EMA the Dogelon Mars price must accumulate buyers to surpass the hurdles. Since the coin is trading at an all-time low and also at support, it can be presumed that the price is in an indecisive state and the coin can go in any direction. If the price gets pushed by bears, the price may go downwards by breaking the support or if vice versa happens it may rally upwards as well.
 

Dogelon Mars Price Prediction
Source:  ELON/USD.1D.GEMINI by TradingView

The MACD line and the signal line are below the zero line and gave a bullish crossover, suggesting bullish signals. The current value of RSI is 44.91 points showing the coin is approaching overbought territory also it took support from the 14 SMA line and headed upwards, this indicates an upward direction and bullish sentiment in the market.

Extraction

The Dogelon Mars price prediction indicates that the sentiments and perspectives of investors and traders regarding the coin are indecisive as it is consolidating after giving a breakout from a falling wedge pattern in the 1D timeframe. The technical parameters of the ELON coin suggest the continuation of the uptrend over the daily time frame chart. The ELON coin price reflects an indecisive view at the moment.

Technical Levels:

  • The nearest support: $0.0000001.
  • The nearest resistance: $0.0000003.

Disclaimer

In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

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