Dogecoin, this popular cryptocurrency, has been quite hot lately.
Although it dropped to $0.267 on December 20, it seems to have stabilized above $0.3. A crypto expert who has been quite popular on social media remarked that this price might just be the starting point for Dogecoin to hit new highs; he even believes that Dogecoin could soar to $23!
This expert is crypto researcher Ali Martinez, who made this bold prediction based on fractals on Dogecoin's weekly chart. What is a fractal? It refers to those patterns on price charts that tend to repeat; they might be able to tell us how Bitcoin's price will change. Since 2014, Dogecoin has been following a weekly declining triangular pattern.
Moreover, this bullish fractal has appeared several times, and each time Dogecoin's price broke through this pattern, it experienced a significant surge. Just like in 2017, when Dogecoin broke through this fractal, its price soared to a new high of $0.01877. In 2021, Dogecoin broke through the descending triangle again, reaching a historical peak of $0.7 during the bull market. Now, Dogecoin has once again broken through this historical fractal.
Martinez stated that based on the weekly chart, Dogecoin could experience a significant rise in the next year. He even predicts that in the coming months, Dogecoin could increase by 7500%, which would be about $23!
The day before, Dogecoin had risen by 2.5%, reaching around $0.32. Although its single-day performance was decent, Dogecoin hasn't made any profit this week.
Currently, Dogecoin's market capitalization has reached $47.4 billion, making it the seventh-largest cryptocurrency. This popular currency seems set to continue its momentum!
Don't let short-term fluctuations confuse you. Rose will guide you, revealing a potential coin that is expected to multiply tenfold or more! Follow Rose to find your way out of confusion and towards financial freedom! Like + comment for free sharing!
