Our Dogelon Mars price prediction suggests that the ongoing relief rally is likely to continue and it can go up another 20%. Most altcoins are significantly up from their last week lows as Bitcoin price is gaining stability above the $20 level. While some analysts are terming the current price action a dead cat bounce, many investors are still loading up their long-term bags at current levels.
Dogelon Mars coin dipped to the $0.00000022 level last week as Bitcoin price slid below $20,000. Nevertheless, the coin immediately recovered above its $0.00000025 support, and it is now trading at $0.00000028. ELON has gained 8.2% in Friday’s trading session so far and overall it is 28.2% up from its last week low.
Dogelon coin has been one of the most hyped memecoins of 2021. The leading ‘dogcoin’ hit an all-time high of $0.00000259 in October 2021 which briefly put it at a market cap of $1.2 Billion. However, the euphoria was short-lived as the Dogelon Mars price faced an intense sell-off in the following months. It is now 89% down from last year’s highs and could even go lower.
According to Dogelon mars news today, Dogelon Mars is now supported on the Binance 2.0 bridge. This would allow a seamless transfer of ELON coins from Ethereum to the Binance Smart Chain. The coin is currently not available on most of the major exchanges. Dogelon Coinbase listing also seems to be a far cry, considering the projects have very little to no fundamentals.
Dogelon Mars Price Prediction
Technical analysis of ELON USD price chart shows that the coin is finally showing some strength. The 4H close above the 0.00000028 resistance level means that there could be more gas in the tank. If the price closes a daily candle above this level then bulls might target the $0.00000033 level in the next week.
It is also worth mentioning here that this Dogelon Mars price prediction would be invalidated in case of a break of $0.00000025 support. However, as long as Bitcoin price stays above $20,000, the Dogelon coin relief rally is likely to continue.