Dogecoin, which is currently trading at $0.42, has the potential for a 120% surge, reaching $0.82, if support remains at $0.37, according to analyst Ali. The cryptocurrency’s bullish sentiment is driven by Elon Musk’s White House connection and his involvement with the DOGE department. Current market indicators show a bullish momentum, with the Fear & Greed Index at 82.
Technical analysis suggests a bullish pattern is forming on price charts. However, CoinCodex forecasts a 6% decline to $0.39 by December 25, 2024.
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<p>The post Dogecoin Poised for Bullish Breakout: Analysts Predict 120% Surge Amid Strong Technical Signals and Market Momentum first appeared on CoinBuzzFeed.</p>
