#DOGE看涨情绪飙升
Dogecoin recreates bull market miracle, analysts reveal rising channel!
Well-known analyst Ali Martinez predicts that Dogecoin (DOGE) may soar 4443% to $18. He mentioned that Dogecoin is currently in an upward channel and the market enthusiasm remains unabated.
Dogecoin continues to attract a lot of attention, and the bull market in the cryptocurrency market continues with no signs of slowing down. Today, Dogecoin soared 53%, from a low of $0.2846 to a high of $0.4359.
It is worth noting that the last time Dogecoin reached such a price was during the bull market in 2021.
Just nine days ago, Dogecoin was as low as $0.1428. Since then, it has soared 205% in less than two weeks. From the monthly chart, Dogecoin has risen 330% from $0.1015.
In this unexpected reversal, analysts believe that Dogecoin still has a lot of upside potential compared to recent price action. One of them is well-known on-chain expert Ali Martinez.
🔸 Dogecoin may rise another 4443%
Martinez emphasized in a post today that Dogecoin is currently in an upward channel. This channel has two key boundaries: the middle boundary and the upper boundary, which may act as resistance when the price rises.
Martinez pointed out that if the price of Dogecoin tests the middle boundary, it may reach about $2.40. However, if the price continues to push higher and tests the upper boundary of the channel, then it may theoretically soar to $18.
It is worth noting that from the current price of Dogecoin of $0.3962, it will take another 506% increase to reach the lower boundary of this target price. And if the upper boundary comes true, it will mean an increase of 4443% from the current value.
🔸 Dogecoin aims higher
Martinez's bold prediction builds on his previous analysis, in which he used the Fibonacci levels of historical trends to set a more aggressive upper limit target for Dogecoin.
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