Dogecoin price shows signs of strength on November 19 and could breach the $4 psychological level this cycle according an analyst. The expert speculates that this target of $4 is not “too big” and that DOGE could surpass this level due to one critical reason.
At press time, the DOGE price is trading around $03874, representing a 3.7% increase in the last 24 hours. DOGE registered an intra-day high of $0.3894 and a daily low of $0.3591.

Image source: Trading View
Following the breakout and technical analysis, the meme coin potentially soared to new all-time highs. Can Dogecoin pull this off?

Analyst Forecasts $4 Target For Dogecoin Price
Crypto analyst Zer0 has speculated that Dogecoin could soar above $4. The analyst believes the narrative behind Dogecoin is too big compared to the current market price of DOGE, meaning the meme coin is undervalued.

Source: Zer0, X
If the Dogecoin price were to soar to $4, the asset’s market cap would swell to $584 billion. Given the popularity of Dogecoin and the establishment of the Department of Government Efficiency (D.O.G.E), the meme coin will likely reach this valuation.
Another analyst, Bluntz, has predicted that while DOGE will rise, it will be a ‘slow grind’. However, the slow rise could transform into a parabolic run after about a week.
This bullish outlook is in line with the recent breakout that led to a triple-digit rally.

Dogecoin Price Rally: What Sparked the Breakout?
After hitting a high of $0.43910, DOGE began consolidating as investors rushed to book profits. The price of DOGE returned to a low of $0.3398, forming a symmetrical triangle that was part of a bullish pennant.
The breakout was caused by a heavy inflow of large investors into the coin, as on-chain metrics show. Santiment analytics shows large holders with 10 million to 100 million coins just hit a 2-year high. The last time there were this many large holders in this category was in February 2022. This category also surpassed the one million to 10 million coin category, indicating that larger whales are taking a position in Dogecoin.

Source: Santiment
This breakout is a turning point in the Dogecoin price action as it marks the end of the consolidation break and the beginning of the next leg upward.
Dogecoin’s daily trading volume had been dropping during the consolidation period, which is typical of reducing activity as investors await a clear breakout signal to jump back in.

Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, online media.

#dogecoin #doge⚡ #DOGENEWS #DogecoinDay #CPIUpdateOctober

Dogecoin whales accumulated more than 300M DOGE amid a bullish market, indicating that the meme coin's price could hit $0.4 ahead.
Dogecoin Whales Accumulation Rises Sparking Market Optimedia.
According to the data revealed by blockchain tracking platform Whale Alert on November 11, Dogecoin whales sacked 311 million coins from crypto exchanges over the past day. Per the data, the whale address DGm..dUB withdrew 200 million coins, worth $56.38 million, from the crypto exchange Binance. Further, the whale address DGG..X5S bagged 111 million coins, worth $30 million, from the crypto trading division of Robinhood. Overall, these massive accumulations, underscoring increased market confidence in the asset, set off bullish sentiments for the token across the broader industry.

Simultaneously, on-chain data by the tracker also revealed that a dormant DOGE whale woke up after roughly 11 years of dormancy, adding to the intrigue surrounding the asset’s performance. However, it’s also noteworthy that whale data spotlighted considerable whale dumps for the same token today. Notably, on-chain data flagged 98 million coins dumped to Binance & Robinhood via a series of two whale transactions recently, which also rationalizes why Dogecoin price fell sharply for a brief moment today.

Can Doge Price Hit $0.4?
Nevertheless, the massive accumulations have undermined the dumps, fueling an optimistic market sentiment for the meme coin among investors. At the time of reporting, DOGE price traded at $0.2793, up nearly 21% over the past day. The token’s 24-hour low and high were $0.2288 and $0.3011, respectively. The crypto’s rising price action aligns with the significant buying pressure brought by the Dogecoin whale accumulations mentioned above.
Moreover, the dog-themed meme coin’s intraday trading volume soared 222% to $18.60 billion, underlining increased trader interest in the asset. Coupled with the massive accumulations mentioned above, this stat projects a bullish outlook for the meme coin. Also, the weekly chart underscored 84% gains for the crypto, flagging a bull run.

Simultaneously, a recent Dogecoin price analysis by CoinGape Media indicates that wallets holding between 100 million and 1 billion coins have significantly increased their accumulation. This data further flags increased market confidence in the asset. Moreover, the analysis draws attention toward a cup and handle pattern on the price chart, accounting for a 53% potential surge ahead. This could aid the token in hitting the much-awaited $0.4 price level, aligning with the increased buying pressure in the market.

Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, Coin market cap and online media.
#dogecoin #doge⚡ #Dogecoinnews #DOGENEWS #DOGENEWS #DogecoinDay

$SHIB $BTC $BNB
With a price correction in the backdrop, Shiba Inu [SHIB] seems to be garnering focus yet again as investors await its trajectory. SHIB is currently trading at $0.00002260 following a 7% daily drop. However, discussions abound within the community about the possibility of a potential rebound. However, amidst this, one bold prediction stands out.
Lucie, a prominent member of the SHIB ecosystem previously voiced her confidence in SHIB’s future. She particularly envisions a scenario where SHIB reaches the coveted $0.01 mark. Despite the current scenario and the skepticism around SHIB’s rise, Lucie seemed resolute.
Despite a period of stagnation in Q4 2023, the community has shed light on the impressive performance of SHIB which started in late February. Pushing past skepticism, Lucie highlighted the gradual nature of such a significant price increase.
When Can Shiba Inu Realistically Achieve $0.01?
While Lucie refrains from providing a specific timeline, she advises caution against interpreting her statements as investment advice. Meanwhile, Changelly revealed that SHIB could attain this number sometime between 2033 and 2040. Meanwhile, Gemini, Google’s AI venture suggested a more optimistic outlook. It suggested that SHIB could reach $0.001 within the next 12 months. However, the asset must maintain a monthly rally of 230%.
Another factor in play is the upcoming upgrade that is scheduled for May 2. The Shiba Inu layer-2 solution is expected to improve user experience and optimize transaction fees. This could further aid in boosting the price of the meme coin.
Furthermore, the community’s ambitions have been strong. However, the path to $0.01 might be more tedious than one can expect. Lucie’s unwavering confidence, on the other hand, provides hope for Shiba Inu’s supporters.
#Shibalnu #BTC #DogecoinDay #ScamRiskWarning
Ref: watchguru