Dogelon Mars (ELON) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Dogelon Mars price prediction, the price of Dogelon Mars is predicted to rise by 219.83% and reach $ 0.0₆3507 by July 1, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 72 (Greed). Dogelon Mars recorded 14/30 (47%) green days with 12.46% price volatility over the last 30 days. Based on the Dogelon Mars forecast, it's now a bad time to buy Dogelon Mars.

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Based on the historical price movements of Dogelon Mars and the BTC halving cycles, the yearly low Dogelon Mars price prediction for 2025 is estimated at $ 0.0₆1097. Meanwhile, the price of Dogelon Mars is predicted to reach as high as $ 0.0₆5035 next year. Using the same basis, here is the Dogelon Mars price prediction for each year up until 2030.

Dogelon Mars price prediction 2025

The Dogelon Mars price prediction for 2025 is currently between $ 0.0₆1097 on the lower end and $ 0.0₆5035 on the high end. Compared to today’s price, Dogelon Mars could gain 352.90% by 2025 if ELON reaches the upper price target.

Dogelon Mars price prediction 2030

The Dogelon Mars price prediction for 2030 is currently between $ 0.0₆2604 on the lower end and $ 0.0₆4223 on the high end. Compared to today’s price, Dogelon Mars could gain 279.88% by 2030 if it reaches the upper price target.

Dogelon Mars's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Dogelon Mars's 200-day SMA will rise in the next month and will hit $ 0.0₆1688 by Jul 01, 2024. Dogelon Mars's short-term 50-Day SMA is estimated to hit $ 0.0₆1716 by Jul 01, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 52.39, which indicates that the ELON market is in a neutral position.

Popular ELON Moving Averages and Oscillators for Sat, Jun 01, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Dogelon Mars Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Dogelon Mars Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.0₆1138, Dogelon Mars has support levels of $ 0.0₆1033, $ 0.0₇9392, and the strongest at $ 0.0₇8349. Similarly, Dogelon Mars resistance levels are at $ 0.0₆1232, $ 0.0₆1336, and $ 0.0₆1430.

Dogelon Mars Correlation

Over the past 7 days, Dogelon Mars price was most positively correlated with the price of and most negatively correlated with the price of .

Dogelon Mars price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Dogelon Mars indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Dogelon Mars, a move in one direction for Dogelon Mars would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Dogelon Mars price in the future, it’s helpful to also explore Dogelon Mars’s price history. In the last month, the ELON/USD pair is down .

How to read and predict Dogelon Mars price movements?

Dogelon Mars traders use a variety of tools to try and determine the direction in which the ELON market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Dogelon Mars price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Dogelon Mars Price Prediction Indicators

Moving averages are among the most popular Dogelon Mars price prediction tools. As the name suggests, a moving average provides the average closing price for ELON over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for ELON is a sum of ELON’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the ELON price moves above any of these averages, it is generally seen as a bullish sign for Dogelon Mars. Conversely, a drop below an important moving average is usually a sign of weakness in the ELON market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the ELON price.

How to read Dogelon Mars charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Dogelon Mars with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Dogelon Mars’s price action in 1-hour chunks. Each candlestick will display ELON’s opening price, closing price, as well as the highest and lowest prices that Dogelon Mars reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Dogelon Mars?

Just like with any other asset, the price action of Dogelon Mars is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of ELON. The market capitalization of Dogelon Mars can change significantly in a short period of time.

When trying to make a Dogelon Mars forecast, many traders also try to monitor the activity of ELON “whales”, which are entities and individuals that control large amounts of ELON. Since the Dogelon Mars market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Dogelon Mars’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.