Dogecoin is displaying incredible strength as it attempts to rebound and even reach new highs. Crypto expert predicts a big Dogecoin price increase after its comeback.
Strong dogecin price suggests excellent market performance and sustained bullish momentum to new price highs. The expert published a graphic showing Dogecoin breaking over a declining trend line that has been a significant barrier for almost two years.
Technical patterns like sinking trend lines indicate unfavorable asset trends. Dogecoin's price has been falling for a long time, with falls and consolidation as it tried to break through important resistance levels.
Dogecoin's breakthrough above the falling trend line is a positive hint that price stagnation may be ending. Mark's chart analysis also suggests that Dogecoin may continue to rise towards its next price goals if it holds above its breakout point.
Dogecoin's price rise might push it to its initial optimistic objective of $0.653, according to the crypto expert. Dogecoin would rise 75% at this pricing. The expert expects the meme currency to rise 234% to $1.25 if it continues to rise.
The Dogecoin price is $0.38, growing despite market instability. The expert emphasized Dogecoin's strength as CoinMarketCap reported a 21% spike in the joke coin's price in the last week. A 14% price increase in the previous 24 hours has kept the meme currency positive.
Market analysts have given Dogecoin positive projections as its price rises. Famous crypto researcher Trader Tardigrade predicts Dogecoin will hit $1 in January 2025.
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