Dogecoin Has Successfully Cleared All Major Resistance Levels,' Says Analyst, Poised To Reach $0.14 Levels If This Happens
Portfolio Pulse from Mehab Qureshi
Cryptocurrency analyst Ali Martinez has indicated that Dogecoin (DOGE) has cleared all major resistance levels and could surge to $0.14 if the $0.095 support level holds. This assessment is based on the activity of 63,280 addresses that have purchased 3.2 billion DOGE. Another analyst, Captain Faibik, predicts a potential 700% increase in DOGE's price by July 2024, targeting $0.70. Currently, DOGE is trading at $0.099, experiencing a slight decline.
December 11, 2023 | 6:26 am
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Dogecoin (DOGE) has cleared major resistance levels and is supported at $0.095, with potential to reach $0.14 according to analyst Ali Martinez. Another analyst, Captain Faibik, predicts a 700% increase to $0.70 by July 2024.
The positive sentiment from analysts regarding the support level and potential price targets for Dogecoin suggests a bullish outlook in the short term. The specific mention of the support level and the recent purchase activity by a significant number of addresses provide a strong basis for the potential price increase. However, the cryptocurrency market is known for its volatility, and predictions, especially those with high percentage gains, should be taken with caution.
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