đ Dogecoin Price Could Surge 85% If THIS Happens đ¶
đ Dogecoin ( $DOGE ) is up 350% this year and could surge another 85% if it clears key resistance. Supported by Elon Muskâs D.O.G.E. initiative and growing whale accumulation, DOGEâs momentum aligns with Bitcoinâs recent performance, adding fuel to its bullish outlook.
đ The weekly chart shows DOGE breaking out in November after consolidating for over two years between $0.050â$0.2280. It now trades above $0.2278, invalidating the bearish double-top pattern and climbing past the 50-week and 25-week moving averages. DOGE reached $0.4840, surpassing the 38.2% Fibonacci level, and is forming a bullish flag patternâa strong continuation signal.
đ If DOGE breaks resistance, it could rally to $0.7383, its all-time high, representing an 82% gain. A surge to the psychological $1 mark would then be in play. However, a drop below $0.2813 (61.8% Fibonacci level) would invalidate this bullish setup, risking a fall back to support at $0.2278.
đł Catalysts for Growth:
Bitcoin Rally: DOGE thrives when BTC leads altcoins higher.
Whale Activity: Santiment data shows whales continue accumulating DOGE, signaling confidence.
Elon Musk: Muskâs statements have historically boosted DOGEâs price. Speculation about a DOGE ETF by 2025 could also drive momentum.
đ„ With these factors in play, Dogecoinâs potential for a massive breakout remains strong. All eyes are on key resistance levels to see if DOGE can hit new highs! đ
