Gearing Up, DOGE Heads to US$2.40-23.26
Crypto asset analyst, Ali Martinez, said Dogecoin (DOGE) has entered a parabolic bull run phase. One of the strong signals is that whales have bought millions of DOGE, confirmed the upload on November 15, 2024. He even dared to say the price could reach US$2.40-23.26.
In the upload he refers to his X status on November 15 2024, at which time the Dogecoin whale was tracked to have bought 140 million DOGE in the last 24 hours. That much meme coin is equivalent to US$56 million!
He even boldly said, the market seems more enthusiastic about buying DOGE than BTC.
“As Dogecoin prepares for a historic bull run, crypto fans seem to prefer DOGE to BTC,” it said.
Then, from a technical point of view, he believes that the crypto with the Kabosu dog meme symbol has not yet reached the overbought zone, aka overbought.
From one analysis image, he thinks the price could target US$2.40 to US$18, referring to the November 12, 2024 upload.
However, he warned, with such a large price forecast for $DOGE , he warned the market to prepare for a very sharp correction.
Dogecoin reached its all-time high price on May 8, 2021, namely US$0.7376. Currently, its value has decreased by 46.54 percent compared to that record.
In facing the potential for a parabolic Dogecoin bull run, investors are reminded to remain careful and not get carried away by mere euphoria. Ali Martinez has given his views, including the potential for a spectacular price of up to US$23.26, but he also warned of the risk of a sharp correction like that which occurred in the past after touching the peak.