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- 1 Dogelon Mars crypto gained nearly 5% this week, thus recovering more than 75% of last week’s fall.
- 2 The technical indicators point to a short-term indecisive trend outlook.
Dogelon Mars crypto is a mixed bag in today’s session. The price experienced moderate gains in the morning. However, the trend turned south in the afternoon, eroding the morning.
Moreover, ELON crypto price noted moderate gains in the earlier sessions this week. However, the price closed in red on Friday, signifying the presence of bears at the upper levels. The price has again reverted back into the bearish territory.
Dogelon Mars Crypto Price Technical Analysis
The chart shows that ELON/USD reversed after a bull run and turned bearish since mid-November 2023, making lower highs and lower lows. Moreover, the bulls tried to catch the trend near the 20-Day EMA but failed and the crypto resumed fall.
The price has also been respecting the Fibonacci extension levels, which were derived from the swing high of $0.1539 and the swing low of $0.0899.
On the lower side lies the 50-Day EMA which is halting the further decline, thus forming a range of consolidation. Investors and traders need to keep a watch on the range as the breakout or breakdown may decide the further trend.
Moreover, the breakout may resume the broader term trend which is positive. The breakdown may indicate a possible trend change and the price may experience further fall in the price.
Dogelon Mars Crypto Volume Analysis
The volume analysis shows that the ELON crypto has received a total of $20.97 Million in volume in the past 24 hours which is 13.08% more than the previous day. The Dogelon cryptocurrency had a market cap of $96.923 Million and ranked 359th among all the cryptos.
The volume to market cap ratio is 21.45% highlighting high volatility in the crypto.
Dogelon Mars Crypto Prediction January 2024
As per the most optimistic view of our analysts, the ELON price could reach a high of $0.000000211 by the end of the month. The bearish view of analysts hopes for a breakdown below the recent support after which the price may drop to a low of $0.000000146.
Dogelon Mars Crypto Price Prediction 2024
The price prediction for 2024 shows that Dogelon Mars crypto may advance to a high of $0.000000315 by the end of year 2024. Whereas, the less optimistic analysts estimate a price target of $0.000000268 by the end of year 2024.
Dogelon Mars Price Prediction 2025
The price prediction for the year 2025 shows that the crypto could attain a high of $0.000000396 as per the most positive view of our analysts. The most negative view of the analysts assumes that the price could reach $0.000000317 by the end of financial year 2025.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
