#doge⚡
Can Dogecoin replicate the surge of 2021, and can its price reach new highs?
Dogecoin's recent price trend is quite intriguing, reminiscent of the massive 15000% surge in 2021. This time, will history repeat itself, and can Dogecoin achieve greatness again?
The stock market has recently plummeted, with over $900 billion disappearing, and Dogecoin has also fallen by 7.4%, with the entire cryptocurrency market down 5.2%, reducing its market cap to $2.433 trillion. Currently, Dogecoin's price is $0.16211.
Can Dogecoin rise to $10?
Although there has been a slight decline recently, many people are still optimistic about Dogecoin. Some analysts believe that the kind of surge seen in 2021 may come back, and Dogecoin is expected to reach new highs.
Is Dogecoin about to soar by 15000% again like in 2021?
Tony Severino, the research director at NewsBTC, closely examined Dogecoin’s charts and discovered that a bullish crossover in the 2-month LMACD has appeared for the first time since 2021.
There’s also a trader named Allen who saw a golden crossover on the weekly chart. He said that in 2023, Dogecoin has risen from $0.069 to $0.23 based on this, a staggering increase of 233%. If it can rise this much again, Dogecoin could reach $0.47.
Dogecoin price prediction: Can it reach $10?
Currently, it seems that Dogecoin is facing some resistance around $0.18 and is in a pullback. If this resistance holds, the price may drop to $0.145.
However, if the resistance holds, the price may continue to rise, potentially reaching around $0.23, which is the current annual high. This means the price needs to increase by 44%, or rise by 60% starting from $0.145.
If Dogecoin falls below $0.145, the market may face some uncertainty. However, in the long run, Dogecoin still has a positive outlook. If the price breaks through a certain key level, Dogecoin may officially bid farewell to the bear market.
Recently, I plan to position myself in a potential coin that is about to explode; doubling my investment seems quite easy. I am also looking for some potential coins to hold until the end of the year, with expected returns of over 10 times not being a problem. If you want to keep up, leave a message, follow, and like, and I will share for free.
