Cryptocurrencies Price Prediction: Dogecoin, Polkadot & Altcoins — American Wrap 05 April
Dogecoin Price Forecast: This is what could happen after DOGE’s 30% rally
Dogecoin price (DOGE) exploded on April 3 after Twitter CEO Elon Musk updated the company’s logo to a Shiba Inu dog. However, it appears the hype is fading as DOGE is now flashing red on the 1-day timeframe This could be the beginning of a stark retracement similar to what was observed in January and November 2022, when skyrocketing social mentions catapulted the altcoin to unexpected highs.
Polkadot (DOT) price is gearing up to make April a solid winning month as nearly a 20% gain is projected to be hit by the end of April. DOT sees its price action underpinned, and even with the Relative Strength Index (RSI) dipping, the trend still points to higher numbers. Expect a nice and steady rally without big waves, which is ideal for traders to rake in gains at the end of the month.
Crypto experts argue that post a bear market structure that lasts several months, there is a “gap” to the upside in alternative currencies. This gap is usually filled when the market structure changes and results in huge upside for holders.
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FXStreet Team
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