Musk-backed $DOGE expected to rise another 50%? Keep an eye on these key points!
Dogecoin has recently shown strong rebound momentum, and it's said that it might rise another 50% in the next few days.
In the past 24 hours, the open contracts for Dogecoin have increased by 19%, with traders making significant bets on this meme coin. It seems that the bulls for DOGE are gaining the upper hand.
As the leader in the meme coin space, Dogecoin's performance in recent days has truly been eye-catching. It has already risen over 45%, and it might still rise another 50%.
Why is everyone so optimistic about DOGE? Mainly because of its recent positive price movement, which has attracted interest from traders and investors, and the on-chain indicators are also quite strong.
Speaking of technicals, Dogecoin is currently stuck at a key resistance level of $0.223, which it last reached in March of this year. Given the current trend, breaking through this resistance level shouldn't be too difficult.
If Dogecoin can successfully break through and the daily closing price exceeds $0.226, it is very likely to rise to $0.34 in the next few days, with a potential increase of 50%.
Moreover, currently, Dogecoin's trading price is above the 200-day moving average, indicating that it is in an upward channel.
Recently, I plan to position myself in a potential coin that is ready to explode; doubling my investment seems quite simple. At the same time, I'm also preparing to find some potential coins to hold until the end of the year, expecting a growth of over 10 times is not a problem. If you want to keep up, leave a comment, follow, like, and share without hesitation.
