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The Dogecoin Prize recently experienced a major rebound, which exceeded the resistance of $ 0.23 during the weekend. This A movement upper seems to have been maintained Buyers resumed power on the market last week. Despite the already notable rally that the memes play recently appreciated, expectations remain that it will continue to increase higher, cryptographic analysts predicting an explosive rally for Altcoin.
The Dogecoin Prize remains very optimistic
The pseudonym Crypto MMBTTRADER analyst on the TradingView Website describe that the price of Dogecoin remains very optimistic. The current pump should continue because Dogecoin has not yet reached major resistance, thus putting it on a path to possibly double.
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As the crypto analyst points out, the price of Dogecoin could probably see a correction after increasing so recently. However, this should only be in the short term and would in fact feed the rally and serve as a bounce point for new gatherings. This corruption could occur just below $ 0.25. However, the analyst stresses that with the price of Dogecoin being so optimistic, it is possible that it rises above than this level Before the correction occurred.
Currently, the only thing that retains the Dogecoin price is the trend line described in red in the analyst’s table. This serves as a decisive point for the meme medal, and a break above should advance the price. In this case, the Crypto analyst expects it to increase up to $ 0.4. In addition, they add that if it exceeds $ 0.4, it would signal an extremely optimistic market, Push the price of Dogecoin to $ 0.75Then $ 1.
On the other hand, however, a failure to break over the trend line could point out the start of the downward pressure. As the graph shows, the The first lowering stop would be $ 0.13548. Further down, the downward trend could then send it below $ 0.1 to $ 0.09024.
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Doge always pulling for $ 1
Another Crypto analyst also has suggested That the Dogecoin price could go towards the $ 1 target. They explain that after the strong support of $ 0.14 support, Dogecoin is now showing signs of a bullish reversal on the weekly time. This throws a wider net for the targets of the price of the meter piece while the increased trend takes place.
From there, the Crypto analyst explains that if the The price of dogecoin can holdThen the next main target is $ 1. For this to happen, however, the confirmation of the volume and the way the price works in the coming weeks is crucial. “DOGE may well prepare for another historic race,” said the analyst.
Dall.e star image, tradingView.com graphic
