#doge⚡
Can Dogecoin repeat the surge of 2021, can the price hit a new high?
The recent price trend of Dogecoin has caught some attention, reminiscent of the massive 15000% surge in 2021. This time, will history repeat itself, and can Dogecoin achieve greatness again?
The stock market has recently plummeted, with over 900 billion dollars disappearing in an instant, and Dogecoin has also dropped by 7.4%, while the entire cryptocurrency market fell by 5.2%, with a market cap shrinking to 2.433 trillion dollars. Currently, Dogecoin's price is 0.16211 dollars.
Can Dogecoin rise to 10 dollars?
Although there has been a slight decline recently, many people are still optimistic about Dogecoin. Some analysts believe that the kind of explosive growth seen in 2021 may return, and Dogecoin is expected to reach new heights.
Will Dogecoin skyrocket by 15000% like in 2021?
Tony Severino, the research director at NewsBTC, closely examined the Dogecoin chart and found that the two-month LMACD has shown a bullish crossover for the first time since 2021.
Another trader named Allen spotted a golden crossover on the weekly chart. He mentioned that in 2023, Dogecoin rose from 0.069 dollars to 0.23 dollars thanks to this, achieving a growth of 233%. If it can increase as much this time, Dogecoin could reach 0.47 dollars.
Dogecoin price prediction: Can it reach 10 dollars?
Currently, Dogecoin is facing some resistance around 0.18 dollars and is in a pullback. If this resistance cannot hold, the price may drop to 0.145 dollars.
However, if the resistance holds, the price may continue to rise towards around 0.23 dollars, which would be this year's high point. This means the price would need to increase by 44%, or start rising 60% from 0.145 dollars.
If Dogecoin falls below 0.145 dollars, the market could be in a bit of trouble. However, in the long run, Dogecoin still looks promising. If the price breaks through a certain key level, Dogecoin may officially bid farewell to the bear market.
Recently, I plan to ambush a potential coin that is ready to explode, doubling is quite simple, and I am also looking for some potential coins to hold until the end of the year, with an expected growth of over 10 times being quite feasible. If you want to keep up, leave a message, follow, like, and share without charge.
