The Dogelon Mars price prediction could be fairly bullish if it breaks out of the downtrend avoiding a lower low. Dogelon Mars coin has been in a severe downtrend since hitting its all-time high of $0.00000259 in October 2021. Dogelon price is hovering between key support and a downwards trendline. Any lower low could push the price 50% down causing panic among memecoin investors.
According to Dogelon Mars latest news, the memecoin is currently trading at $0.000000779. It is still around 70% down from its all-time high of $0.00000259. The last few months have been brutal for crypto and most of the memecoins are 80%-90% down from their ATH. Dogelon coin aims to become an interplanetary cryptocurrency. The team is marketing it as a Dogecoin killer while also emphasizing that it is not a memecoin.
Nevertheless, most crypto investors still consider Dogelon Mars crypto a memecoin. Dogelon Mars price prediction significantly depends on how its price performs in the next few days. At the moment it is sitting at a$ 432 million market cap which is huge when compared to other memecoins. ELON is the official ticker of Dogelon and it currently resides as an ERC-20 asset on Ethereum. Elon price is currently struggling to gain momentum.
As described earlier, Dogelon Mars price has been facing intense sell pressure since October 2021. The price hit $0.000000623 on 24th February after the news of turbulence from Eastern Europe. However, the price bounced off and is now more than 27% up from the recent low. For a bullish Dogelon price prediction, the coin must not close a daily candle below $0.000000605 level.
Any breach of this level could give bears enough momentum to push it further 50% down. On the other Dogelon Mars price needs to break out of the downward trendline to target any bullish targets. Any higher high than $0.000001150 can give it enough momentum to hit $0.000002 level by end of the year. Many investors are aiming for the targets like $0.01 for ELON price. Such price targets seem to be out of the realms of possibility due to its massive circulating supply of 1 Quadrillion.
This post was last modified on Mar 03, 2022, 19:59 GMT 19:59