As a seasoned crypto investor with over a decade of experience in this wild and unpredictable world of digital assets, I must say that the recent surge of Dogecoin (DOGE) has caught my attention. Having witnessed the meme coin’s meteoric rise in 2021, I was initially skeptical about its potential to reach new highs. However, the recent bullish forecast by analyst Ali Martinez and the chart pattern he presented have fueled a renewed sense of optimism within me.
In the past day, the digital currency based on dogs, Dogecoin (DOGE), experienced a significant increase of around 25%, peaking at an intraday high of $0.4807 during Saturday’s market activity.
2021 has seen Dogecoin reach its peak price yet, with altcoins experiencing substantial growth, coinciding with Bitcoin’s approach towards the $100,000 mark.
In a recent tweet, crypto analyst Ali Martinez expressed optimism about Dogecoin (DOGE), predicting it could surge up to $0.82 due to a current bullish trend.
#Dogecoin $DOGE is in the middle of a bullish breakout to $0.82!
— Ali (@ali_charts) November 23, 2024
Ali posted a diagram showing the Dogecoin trend, hinting at a triangle structure that might result in a possible upward surge towards $0.82.
This forecast adds more enthusiasm to the belief that Dogecoin could hit unprecedented peak values. As it currently stands, for Dogecoin to touch the predicted $0.82 price point, it requires an approximately 42% surge in its value.
Reaching a price of $0.82 for Dogecoin would mean it surpassing its prior peak ($0.7376, reached on May 8, 2021). As I write this, Dogecoin has risen by 23% over the past day to $0.475. However, it is currently 36.11% below its all-time high.
Over the past week and month, I’ve observed noteworthy growth for Dogecoin. The figures from CoinGecko reveal an impressive 27% rise over the last seven days, and a staggering 245% surge in the last thirty days.
Dogecoin surges on market optimism
Over the past three days, Dogecoin has experienced an upward trend, with today being its most significant surge. Starting from a low of $0.4, Dogecoin reached a high of $0.48, a level not visited since May 2021, resulting in a large green candle during today’s trading period.
Earlier, the upward momentum of the Dogecoin (DOGE) had slowed down after reaching a peak of $0.439, but starting from November 21st, its value started to increase again from a low of $0.369.
When moving averages trend upward and the RSI is in the overbought zone, it suggests a potential advantage for buyers. If bulls manage to drive the price beyond $0.48, Dogecoin could possibly climb to $0.50, then reach $0.59. A further increase might bring it close to its current record highs of $0.73 and $0.82.
In the event of declines, immediate support is envisaged around $0.33 ahead of $0.29 and $0.25.
Read More
- EUR ARS PREDICTION
- CHR PREDICTION. CHR cryptocurrency
- EUR CAD PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- USD BRL PREDICTION
- SAFE PREDICTION. SAFE cryptocurrency
- ULTIMA PREDICTION. ULTIMA cryptocurrency
- KSM PREDICTION. KSM cryptocurrency
2024-11-23 16:16