DOGECOIN (DOGE) continues to show resilience, maintaining the support above the upper limit of a long-term ascending channel.
Analyst Ali Martinez highlighted This key technical development in a tweet today. He suggested that if Doge supported this level, he could pave the way for a gathering around $ 4.
Dogecoin’s current price action
To date, DOGE is negotiated at $ 0.2,665, up 5.5% in the last 24 hours. The latest upward trend has improved the weekly Red Dogecoin trajectory, now showing a 2%gain. However, there is 21% significant on the monthly time.
The graph accompanying Martinez’s tweet reveals that Doge remained above a crucial ascending trend line, strengthening the bullish feeling. The same part had previously tested lower fibonacci support levels at less than $ 0.19183 (0.786 retrace) and rebounded strongly, signaling the buyer’s continuous interest.
Technical perspectives: the road at $ 4
Fibonacci extensions suggest that if Doge continues its ascending trajectory, it could first target key resistance levels, starting with the level of 1.00. This coincides with $ 0.73905. Overcoming this level is important for MastiffBecause it marked its summit of all time during the previous Haussier market.
Overcoming this obstinate resistance could open the door to another rally at the level of significant fibonacci following 1.272, with a target price of $ 4.10.
In particular, with Dogecoin merchant at $ 0.2,665, reaching $ 4.10 would mean a gain of 15x or a price assessment of 1,438%.
Road to higher thresholds for Doge
Interesting fact, another bullish momentum could push the Price to $ 10.04 And $ 36.32, according to long -term projections on Martinez’s graphic.
These ambitious price objectives would imply several dollars of market capitalization. Analysts like Martinez have often neglected the implications for the market capitalization of two -digit price ranges for Dogecoin.
While criticism consider these aspirations as an unexpected, these Daring predictions persist in the cryptographic community.
Although the two -digit price remains speculative, DOGE has historically surprised the market with explosive price movements. These movements are often fueled by the enthusiasm of retail and social media threshing, including Elon Musk.
Market players saw an overview of this during the last quarter of 2024. While the Doge price has dropped by more than 58% From the summit he has reached then, market players look forward to the next explosive movement.
For Doge to support its upward perspectives, Martinez’s graph suggests that it must hold above the range from 0.19 to 0.25 $ 0.25 and establish a force near the resistance areas.
At the time of the press, Dogecoin is negotiating above this level while the wider cryptography market resumes momentum after previous down fears. As a result, Dogi is preparing to be one of the best artists.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.