Fun

Analyst Says Dogecoin Price Could Explode 4,500% To $18 From Here If This Happens

News Feed - 2024-11-12 09:11:02

Este artículo también está disponible en español.


Crypto analyst Ali Martinezpredicted that the Dogecoin price could rally significantly, leading to double figures for DOGE. This comes as the crypto market continues to trend upward, with Dogecoin standing out as one of the top gainers.  Dogecoin Price To Explode And Reach $18


In an X post, Martinezpredicted that the Dogecoin price could explode by 4,500% and rally to $18. He stated that this will happen through a test of the middle or upper boundary of the channel, which puts the DOGE target at $2.40 or $18. Dogecoin will need to test the upper boundary to reach the $18 target, while only a test of the middle boundary will put the price at $2.40.  Related Reading Bitcoin Price Signals Bullish Continuation With SuperTrend Rising, Here’s The Next Target After Beating $81,000 1 day ago Source: X


In an earlier X post, Ali Martinez offered a more bullish outlook for the Dogecoin price. He predicted that the foremost meme coin could rise to as high as $23.26 in this bull run. He claimed that Dogecoin was about to go “parabolic” and cited historical patterns to prove why such a parabolic rally could happen.  Source: X


Based on historical patterns, the analyst stated that a potential top might lie between 1.618 and 2.272 Fibonacci levels, which would put the Dogecoin price between $3.95 and $23.26. Martinez also alluded to Elon Musk’s impact on Dogecoin when he previously stated that DOGE could reach $23in this market cycle. 


The Dogecoin price has been on a massive bull run since Donald Trump won the elections, partly because of Elon Musk’s proposed Department of Government Efficiency (D.O.G.E), which would positively impact the meme coin. For context, the Doogecoin is up 139% since Trump’s victory.  Update On The DOGE Bull Run


Crypto analyst Master Kenobi, who rightly predicted the start of the Dogecoin bull run, has provided an update on what could happen next for the Dogecoin price. He stated that DOGE could range between $0.33 and $0.40 for a while before it pushes to its current all-time high (ATH) at $0.73.  Related Reading Bitcoin Price Enters ‘Second Breakout Of The Cycle,’ Analyst Puts Peak Above $150,000 2 days ago Source: X


The analyst further remarked that there will likely be a potential rejection in the initial phase, which he claimed is welcome. This rejection will then be followed by a consolidation period of around one to two weeks, similar to the previous cycles. The analyst also raised the possibility that the Dogecoin price is already replicating its price action in the last cycle. 


If so, Master Kenobi remarked that this sets the Dogecoin price for a breakout and strengthens the probability of a continued upward trend. Crypto analyst Trader Tardigrade predicted that Dogecoin could rise to as high as $30 if it mirrors its price action in the 2021 bull run. 


At the time of writing, the Dogecoin price is trading at around $0.41, up over 48% in the last 24 hours, according to datafrom CoinMarketCap.  DOGE pushes above $0.4 | Source: DOGEUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

News Feed

FBI Public Service Announcement Warns of ‘Increased’ Crypto ATM, QR Code Fraud
FBI Public Service Announcement Warns of "Increased" Crypto ATM, QR Code Fraud The Federal Bureau of Investigation (FBI), America’s domestic intelligence and security servic
NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate
NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate sponsored ETH in Mellieha is the latest in a long line of NFT experiments that aim to challenge tradi
Venezuelan Authorities Shut Down Power Supply to Bitcoin Miners in Key State
Venezuelan Authorities Shut Down Power Supply to Bitcoin Miners in Key State Regional authorities in one of the key states of the country, Carabobo, suspended th
Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023
Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023 After the March rate hike by the Federal Reserve, economists believe that the recent
Crypto community triumphs: Token2049 attendees brave Dubai storms
Ezra Reguerra10 hours agoCrypto community triumphs: Token2049 attendees brave Dubai stormsAva Labs founder Emin Gün Sirer said that while there were challenges, it was “worth it” because of the energy the crypto com
Bitcoin bull Cathie Wood: ARK Invest BTC price target 'well above' $1M
William Suberg9 hours agoBitcoin bull Cathie Wood: ARK Invest BTC price target "well above" $1MARK has "brought forward" its expectations for where Bitcoin will be by 2030, as BTC price strength sees another al
Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December
Este artículo también está disponible en español. The world’s largest cryptocurrency may be at risk of a supply shockas demand from United States (US) Spot Bitcoin Exch
Eswatini Central Bank Partners With German Firm to Explore CBDC
Eswatini Central Bank Partners With German Firm to Explore CBDC Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon af
US gov’t Bitcoin sale ‘doesn’t affect anything’ as analyst blames bears
William Suberg30 minutes agoUS gov’t Bitcoin sale ‘doesn’t affect anything’ as analyst blames bearsGovernments divesting themselves of their BTC is a non-event, but Bitcoin bears make sure that the market feels t
Cardano Launches Testnet to Move Closer to Smart Contracts, Polymarket Odds Bet Against Project
Cardano Launches Testnet to Move Closer to Smart Contracts, Polymarket Odds Bet Against Project On July 14, IOHK, the Cardano network developers, announced the p
Tom Mitchelhill7 hours agoOnlyFans’ parent company bought $20M of Ethereum as revenue surgedFenix International, the parent company of OnlyFans, purchased the cryptocurrency between 2021 and 2022.5229 Total views14 Tot
Nivesh Rustgi3 hours agoCurve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loansA Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the pos