Can bulls push DOGE to ATH?

Yesterday, Dogecoin rose to $0.484, smashing its local highs. DOGE fans were delighted since the meme currency appeared primed for further increases. Following a modest retracement, the price failed to break over this important barrier.

Top analyst and trader Cheds said Dogecoin is testing its range highs on X. His technical analysis suggests that a breach above these levels might launch DOGE to new highs.


The next few days will decide if Dogecoin continues to rise or consolidates. Traders are watching $0.484 for a breakthrough or further selling pressure.

Dogecoin Key Testing Levels

Dogecoin is testing liquidity levels around $0.44 and below $0.50, attracting traders. DOGE's next big move depends on these levels' support and resistance. Analysts think Dogecoin will reach new highs if it breaks these milestones.

In a comprehensive technical study on X, top analyst and trader Cheds highlighted Dogecoin's fight with range highs from November 24. DOGE has failed to confirm a clear breakout, which would start a fresh rise, despite several tries. Cheds predicts a strong increase once the meme currency clears these crucial levels, perhaps pushing the price to its all-time highs for the first time since 2021.

Breaking over $0.50 and holding for many days will boost Dogecoin. Bulls might trigger another parabolic surge, reigniting DOGE's record highs.

Final Supply Before Rally

Investors are becoming upset with Dogecoin's $0.43 price following weeks of sideways consolidation and unsuccessful breakouts. DOGE has failed to overcome critical resistance levels, and market players are losing patience.

All eyes are on $0.44, a crucial Dogecoin price milestone. If DOGE can maintain above this level in the following days, a breakthrough might occur, boosting investor excitement and pushing into higher resistance zones.

#DOGE #AltSeasonBoom? $DOGE