Dogecoin Up 28% Over The Past Week And Major Bitcoin Move Could Send It Beyond $0.50, Says Veteran Trader
Portfolio Pulse from Khyathi Dalal
Dogecoin has surged 28% over the past week, with traders predicting further gains if Bitcoin breaks out. DonAlt, a crypto trader, holds Dogecoin and targets prices between $0.50 and $0.80, with a potential high of $1.50-$2.00. Bitcoin is expected to rise to $80,000-$100,000, with key support at $64,300. Dogecoin's money flow indicator has turned green, suggesting bullish momentum.
October 21, 2024 | 12:53 pm
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POSITIVE IMPACT
Bitcoin is expected to rise to $80,000-$100,000, with key support at $64,300. A breakout could lead to further gains for altcoins like Dogecoin.
Bitcoin's potential breakout is crucial for the crypto market, with traders expecting significant price increases. This could positively impact altcoins, including Dogecoin.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Dogecoin has gained 28% over the past week, with traders predicting further gains if Bitcoin breaks out. The money flow indicator has turned green, suggesting bullish momentum.
Dogecoin's recent price surge and positive money flow indicator suggest strong bullish momentum. Traders are optimistic about further gains if Bitcoin experiences a breakout.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100