Dogecoin, a meme coin, and Elon Musk’s favorite cryptocurrency, has captured the attention of the crypto community with its unconventional origins and fluctuating price. In May, the value of Tradecurve’s token soared by 50%, but market analysts have spotted more bullish signs. In this article, we will discuss price analysis for Tradecurve
Dogecoin (DOGE) Price Analysis
Dogecoin’s price is currently mirroring the movements of Bitcoin, resulting in a decline to three-month lows. Traditionally influenced by various factors, Dogecoin’s appeal, particularly driven by its charm and the “Elon Musk effect,” seems to be fading, causing panic among investors. The launch of PEPE and other new meme coins have also contributed to shifting focus from Dogecoin, but it still remains the biggest meme coin, with a market cap of $9.4 billion.
While, the short-term outlook for a price recovery appears bleak, as altcoin recently witnessed a bearish crossover on the Moving Average Convergence Divergence (MACD) indicator, Dogecoin (DOGE) still remains bullish on longer time frames. Dogecoin currently trades at $0.06682 above the critical $0.062 support level.
The last time Dogecoin tested this support, the price of the token rallied as high as $0.1.5. This, along with the recent developments in the Dogecoin community could cause a price surge that could take the price of DOGE first to reclaim the $0.07000 level, before looking ahead to $0.095. However, if the prevailing downtrend forces the price of Dogecoin to break below the support level of $0.062 and push towards lower levels, such as $0.057.
Tradecurve (TCRV) Increases By 50%, Is Another Price Rise Imminent for TCRV?
While Dogecoin holders are currently hoping for a bullish reversal, a newcomer, Tradecurve (TCRV) recorded an incredible 50% price increase in May. The price jump of TCRV was sparked by an influx of new investors and traders into the project’s presale. Tradecurve has piqued the interest of the crypto community because it is building a decentralized trading platform that taps into some of the largest financial markets in the world.
Tradecurve offers different tradable assets such as forex, commodities, cryptocurrencies, CFDs, and stocks. The forex market alone registers daily trade volumes of over $7.5 trillion – several times more than what the crypto market records. This will ensure there is always massive liquidity within Tradecurve and is poised to rival prominent players such as Binance and Gemini in terms of trading volume. To further enhance the trading experience, Tradecurve plans to launch a trading academy, providing educational resources for new traders to learn about trading strategies and techniques, ultimately improving their trading skills.
This underscores the potential appeal and profitability of investing in TCRV, with market experts predicting a 50x surge for TCRV while still in presale, and another price surge could push its value by 100x of what it is now. At the time of this writing, Tradecurve (TCRV), is in the third stage of its presale, and you can buy a token for just $0.015 a piece.
To learn more about the Tradecurve (TCRV) presale, please visit the links below:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official