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## Has the Cost of Dogecoin (DOGE) Reached Its Lowest Point? The MACD Indicator Suggests a Change in Trend
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## MACD Shows a Possible Dogecoin Increase
Information from TradingView shows that Dogecoin Cost Forecast for March 15’s Moving Average Convergence Divergence (MACD) indicator backs a positive change in the meme coin’s cost.
To make things clear, the MACD assists market viewers in watching and spotting possible buy and sell signals, force, and trend changes.
Dogecoin’s MACD line reveals that the meme coin has been trending in a sideways direction from the close of February into March. The MACD line seems like it may go higher than the signal line, and this event could cause a cost increase in DOGE. This could put DOGE on a route to get back $0.20, a cost level where the meme coin stopped for about 11 days. Experts expect that if the cost becomes stable, DOGE could increase to higher levels. However, DOGE has gone below this support level, and the current bounce may show a change.
At the time of writing, DOGE’s cost is being traded at $0.1715 in the crypto market. However, DOGE investors aren’t actively taking part in the meme coin’s trading, as trading volume has dropped by 32.09% to $1.02 billion.
Dogecoin (DOGE) has gone up 1.64% in the last day, being traded at $0.1714, hinting that the meme coin may have reached its lowest point. Notably, DOGE has shown some positive signals, showing that it has ended its sell-off time and is ready for an increase.
## Is it Possible for DOGE to Reach $4 in the Distant Future?
Experts are counseling financiers to practice vigilance concerning Dogecoin because of a “demise intersection” configuration on its expense diagrams. The 23-day moving normal has plunged underneath the 200-day moving normal, making the cost decline from $0.24 to $0.16. Extra examination proposes another demise intersection might occur.
In any case, a few anticipate Dogecoin might revitalize to $4 in the long haul, as the MACD pointer shows idealistic signs. As per Ali Martinez, assuming Dogecoin’s cost stays somewhere in the range of $0.16 and $0.19, the value diagram could ascend to $4.
The approaching days will uncover whether Dogecoin can keep up with its ongoing value pattern and start its excursion to more elevated levels.
