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

85% on Polymarket betting Ethereum won’t see new all-time high by 2025 
Biraajmaan Tamuly6 hours ago85% on Polymarket betting Ethereum won’t see new all-time high by 2025 A decision on Ethereum ETF options has been pushed back to November, four days after Blackrocks’s IBIT options tradi
Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone
Este artículo también está disponible en español. Once again, Bitcoin has brought excitement to the cryptocurrency landscape as analysts predict an upward trajectory for
Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle
Este artículo también está disponible en español. Crypto analyst Trader Tardigradehas highlighted a bullish pattern that has formed on the Dogecoin price chart. Based on
U.S. government sends 3,940 Bitcoin to Coinbase exchange
Vince Quill3 hours agoU.S. government sends 3,940 Bitcoin to Coinbase exchangeData from Arkham Intelligence indicates the Bitcoin was seized from Banmeet Singh, a convicted drug dealer, during his January 2024 trial.2170
Bitcoin whales blamed as BTC price slips 2.8% after nearing $66.5K
William Suberg7 hours agoBitcoin whales blamed as BTC price slips 2.8% after nearing $66.5KBitcoin bulls’ hopes are dashed once again as liquidity grabs erase the latest BTC price recovery.4867 Total views7 Total share
Devere CEO Expects Further Volatility in Crypto Market Before Year-End — Says Savvy Investors Will Benefit From Panic Sellers
Devere CEO Expects Further Volatility in Crypto Market Before Year-End — Says Savvy Investors Will Benefit From Panic Sellers The CEO of Devere Group, a financial advisory and as
Bitcoin Maxi Max Keiser Isn’t Buying The Hype Around New Crypto Holding Companies
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Keep Your Coins Act: US Lawmaker Introduces Bill to Protect Privacy in Cryptocurrency Transactions
Keep Your Coins Act: US Lawmaker Introduces Bill to Protect Privacy in Cryptocurrency Transactions A U.S. congressman has introduced the “Keep Your Coins Act” in orde
Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign
Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agenc
SEC custody rule made crypto regulation a ‘political football’ — Rep. Nickel
Brayden Lindrea7 hours agoSEC custody rule made crypto regulation a ‘political football’ — Rep. NickelThe SEC’s proposed crypto custody rule and its “hostility” to the industry isn’t in Joe Biden’s “bes
South African Regulator Warns Crypto Investors to ‘Be Prepared to Lose All’ Following Collapse of Bitcoin Trading Company MTI
South African Regulator Warns Crypto Investors to "Be Prepared to Lose All" Following Collapse of Bitcoin Trading Company MTI The Financial Sector Conduct Author
Today’s Cryptocurrency Data Aggregators Offer a Plethora of Onchain and Market Insights
Today"s Cryptocurrency Data Aggregators Offer a Plethora of Onchain and Market Insights In the early days, there were only a few web portals with cryptocurrency statistics and data