- Analysts suggest that the price of Dogecoin could reach $ 10 if it maintains a support greater than $ 0.19.
- Analyst Javon Marks predicts a potential rally exceeding $ 20, referring to the historic market cycles of DOGE.
- The accumulation of whales of 750 million Doges in the middle of a drop in prices indicates strong confidence of investors and a potential rebound.
The Dogecoin Prize (DOGE) drew attention to the result of recent analyzes indicating potential overvoltage. Analysts suggest that if Dogi maintains a level of critical support, he could see an important gathering. Cryptocurrency has shown resilience, remaining in an ascending channel, which could indicate an additional movement in the coming weeks.
Analyst Ali Martinez provided A distinct technical perspective on the price of Dogecoin, stressing the importance of maintaining a key level of support. According to his analysis, Doge must remain above $ 0.19 to maintain his bullish configuration. If this level has remained, the same part could see a substantial rally, targeting a potential increase around $ 10 in the next bullish phase.
Martinez’s graph illustrates an ascending price channel, showing that DOGE has historically followed a structured upward trend. He has identified multiple resistance and support areas, suggesting that the assets could continue its momentum upwards. His analysis indicates that the breakdown of less than $ 0.19 could weaken upward perspectives, while the action of prices supported above this level can cause other gains.
Could Dadecoin prize are back at $ 20?
Uplining, $ 0.3 remains a key resistance level that Dogecoin must recover to confirm a bullish reversal. A successful breakthrough above this barrier could open the door to higher price targets, including $ 0.325 and $ 0.35. If a strong momentum is strengthening, Doge could even test $ 0.4, a significant psychological level for investors and traders.
Analyst Javon Marks has common Information on the price of Dogecoin, suggesting that its historic market cycles indicate the potential of a substantial rally. The brands referred to the previous cycles where DOGE experienced exponential growth, with an increase of 90x in 2017 and an overvoltage exceeding 306x in 2021, each upward phase surpassing the previous one.
His analysis projects that if Doge follows the same scheme, he could experience another massive rally, exceeding its top of all time. The brands have stressed that Doge has demonstrated a repeated tendency of accumulation and escape phases. He suggested that if this trend takes place, Doge could reach a rally exceeding 306x, pushing its price beyond $ 20.
The accumulation of whales fuels the bullish feeling
Despite the bullish projections, the Dogecoin price (DOGE) experienced a drop of 14% in the last 24 hours, negotiating $ 0.002134. Market data show that the meme -in -part negotiation volume jumped 64.53% to $ 6.37 million, indicating increased activity and interest in investors in the middle of the last recession.
Doge’s whales bought aggressively, accumulating 750 million tokens in the middle of the recent drop in prices at $ 0.2. This large -scale accumulation suggests strong investor confidence and a potential rebound in the Dogecoin price. The activity of whales remains a crucial factor in determining the next major movement of Doge.
The latest market activity indicates an increase in the accumulation of whales while major investors have entered the recent drop to buy 750 million DOGE. Substantial membership suggests a renewal of confidence in the cryptocurrency market, signaling a potential optimistic feeling among the main holders.
The data on the chain highlights the increased activity of portfolios holding between 10 million and 100 million Doge. This increase in accumulation coincided with a slowdown in the market, reflecting the strategic positioning of whales. Analysts consider this evolution as a possible indicator of future price movements, strengthening optimism in the Dogecoin ecosystem.
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