Price Prediction: Dogecoin (DOGE) to Breach Weekly High and HUH Token (HUH) to Surge 110%

Dogecoin’s (DOGE) price has rebounded reaching $0.1360 once more and bulls appear to be on track for an acceleration that could take out yesterday’s weekly high. Meanwhile, HUH Token (HUH) has surged over 50% over the past 24-hours after the token’s creators launched a social media campaign that saw hundreds of prominent social media influencers promoting the new cryptocurrency.

Dogecoin (DOGE)

DOGE is attracting bulls with a 12% gain as it sets the stage for a surge higher. The ASIA PAC session pushed DOGE price action lower, but bulls in the European session halted the bearish attempt and forced a reversal even before the price could properly retest the historical $0.1360 level. Another reason for bulls to enter is that the Relative Strength Index has remained relatively stable, implying that the US session will see an increase in demand and buying volume.

With the increase in demand, the weekly high could be broken and $0.16 would be a target for bulls who may be waiting to book some profits or unwind some of their trades. With that move, the Relative Strength Index (RSI) will have moved into the middle of its bands between buyers and sellers, leaving some room for further gains in the coming days and weeks. A weekly close above $0.16 would signal an extension of the uptrend into the following week, with $0.19 possibly on the horizon as well.

DOGE Daily Chart According to TradingView

While markets appear bullish at the moment, some looming headwinds could quickly overwhelm it and drive markets to the downside. This could result in bulls being squashed against $0.1360, triggering colossal demand on the selling side. With this, the risk is that price action will retrace its steps below the blue descending trend line, signaling a resumption of the downtrend and setting the stage for $0.09 after a break below $0.1.

HUH Token (HUH)

HUH Token (HUH) has surged over 50% over the past 24-hours after the token’s creators launched a social media campaign that saw hundreds of prominent social media influencers promoting the new cryptocurrency.

HUH’s price has now formed a strong upward trend on a 1-hour chart and looks set to continue its gains after breaking a ket resistance level.

HUH Token bulls are now eyeing a further rise to the next major resistance level at $0.00006017, which would constitute a 110% increase from current levels.

As shown on the chart, HUH’s volume has spiked massively over the past 24 hours, indicating that its team’s new social media campaign seems to be working. As a result, HUH Token was ranked in the top 20 cryptocurrencies on PancakeSwap at the time of writing.

With over ten thousand holders, HUH Token expects to have millions by the end of the year as it rolls out its ambitious plans including a play-to-earn game and a social media platform for web3.0 called the “MetHUHverse”, the details of which are available in their WhitePaper.

HUH Token also offers a unique referral scheme, where holders can refer friends and receive 10% of their initial deposit. The referrals are unlimited, meaning holders can continuously make new commissions with each referral.

HUH Token rocketed 3500% after its launch on December 6, 2021, and with its new media campaign and a sense of positivity now returning to the global cryptocurrency markets, HUH looks set to retest its previous all-time high.

This self-dubbed “utimeme” is available on decentralized exchanges Uniswap, PancakeSwap, and BitForex with plans of launching on tier-2 exchanges in the coming months.

For more information visit:

Buy On HUH Website: https://swap.huh.social/

Buy On PancakeSwap: https://bit.ly/35qgxsy

Ulani Uriah

Umar Nisar was born and raised in the busy city of Abbottabad. As a journalist, Umar Nisar has contributed to many online publications including PAK Today and the Huffing Post. In regards to academics, Umar Nisar earned a degree in business from the Abbottabad UST, Havelian. Umar Nisar follows the money and covers all aspects of emerging tech here at The Hear Up.

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