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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Is Dogecoin Price Hitting Bottom Soon? Why the Level of $0.35 Could Still Happen
Dogecoin has seen its price fall once again after a month of bullish in April. This decline has affected sentiment once again, pushing investors back into the zone of fear. However, this may only be a minor blip on the radar as Dogecoin's price may be ready for a recovery. One cryptocurrency analyst specifically mentioned that it is likely that Dogecoin's price has bottomed out. Dogecoin price may have bottomed out after the crash. Cryptocurrency analyst Astronomer has predicted that the price of Dogecoin could bottom out after being rejected at the $0.18 level. The analyst pointed out that the last time this meme coin had a similar basis was in October 2024, before the price of Dogecoin rose about 500% to a new local peak of $0.5. This time, the cryptocurrency analyst believes that the current fundamentals are similar to those of 2024, as the altcoin market will bottom out. But this time, Astronomer expects the price of Dogecoin to be higher than before.
At this level, Dogecoin's price is expected to reverse and provide many rewards for investors. "In my opinion, since this is an altcoin and there are expectations that it could exceed $0.5, having multiple spot bags has priced in low risk," said Astronomer. "If you want to have defined risk to achieve defined rewards, I think that a long time as presented also makes sense." The reversal pattern is being formed. The price of Dogecoin is eyeing a potential reversal pattern after making a bottom out. This was emphasized by another cryptocurrency analyst, who pointed out that this meme coin is showing bullish divergence on the chart. At this level, the RSI is bullish, and this analyst believes that breaking above the 0.206 level from here will be a positive signal for the price. With the bullish sentiment recovering, this is driving the price of Dogecoin up. Additionally, if the meme coin can close above the trendline shown in the chart below, the price is expected to increase.
The first main target for the price is the resistance level at $0.2, which is the level that the buyers need to surpass. After that, the level of $0.27 comes into play, and the final target for a 100% increase lies above $0.33.