Dogecoin Climbs Back Above 8 Cents: 'Expecting 45%-50% Bullish Rally In Case Of Successful Breakout,' Analyst Says
Portfolio Pulse from Khyathi Dalal
Dogecoin (DOGE) has seen a positive shift, trading 1.9% higher on Friday, with analysts predicting a 45%-50% rally if it maintains above the 8-cent level. This uptick is attributed to increased transactions, SpaceX accepting DOGE for a mission, and significant whale activity. Despite a slow start to the week, optimism is bolstered by a growing number of DOGE holders and a surge in new addresses.
February 09, 2024 | 9:53 pm
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Dogecoin's positive momentum, supported by increased transactions, SpaceX's acceptance, and whale activity, suggests a potential for a significant rally.
The article highlights a series of positive developments for Dogecoin, including increased transaction volume, acceptance by SpaceX for a mission payment, and significant whale transactions. These factors contribute to a bullish outlook for Dogecoin, with analysts predicting a substantial rally if it maintains its support level. The optimism is further supported by the growing number of DOGE holders and a surge in new addresses, indicating a strengthening network.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100