According to U.Today: Dogecoin (DOGE) is experiencing a surge in bullish momentum, with market analysts predicting further upward movement. Renowned on-chain analyst Ali Martinez has highlighted a potential breakout, suggesting that if Dogecoin maintains support at $0.139, the meme coin could rally to $0.175. Martinez’s recent tweet emphasized that breaking the $0.143 resistance level could lead to a substantial 25% price rally.
Technical Analysis Points to Potential Rally
Dogecoin has been consolidating around the $0.11 mark, but a climb to the $0.175 target could transform this price point into strong support. This anticipated rally is notable, even though it falls short of Dogecoin's all-time high of $0.73 reached in May 2021. At the time of writing, Dogecoin is trading at $0.1472, with a 6.14% surge in the last 24 hours and a trading volume increase of 111.89% to $1.77 billion, indicating heightened market interest.
Bullish Sentiment Dominates as DOGE Eyes $0.175
With Martinez's consistent outlook, Dogecoin appears poised for continued gains. Should DOGE achieve the $0.175 target, it could set the stage for further bullish momentum in the coming weeks. Investors and traders will closely watch the $0.143 and $0.175 levels as critical points for future price movement.
