By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TrendSnapNewsTrendSnapNews
  • Home
Reading: Crypto Analyst Says Dogecoin Price Can Rise 100% To $0.322 If This Happens
Share
Notification Show More
TrendSnapNewsTrendSnapNews
  • Home
Follow US
© 2024 All Rights Reserved |Powered By TrendSnapNews
TrendSnapNews > Uncategorized > Crypto Analyst Says Dogecoin Price Can Rise 100% To $0.322 If This Happens
Uncategorized

Crypto Analyst Says Dogecoin Price Can Rise 100% To $0.322 If This Happens

May 29, 2024 4 Min Read
Share
Crypto Analyst Says Dogecoin Price Can Rise 100% To alt=
SHARE

Crypto analyst Ali Martinez predicted that Dogecoin (DOGE) could soon enjoy a 100% price gain. He also elaborated on what needs to happen for the foremost meme coin to enjoy such a parabolic move.  

Contents
How Dogecoin Will Rise To $0.322Exciting Days Ahead For DOGE

How Dogecoin Will Rise To $0.322

Martinez explained in an X (formerly Twitter) post that Dogecoin is currently encountering significant resistance between $0.166 and $0.171, a range where 75,500 addresses have acquired almost 10 billion DOGE tokens. The analyst claimed that Dogecoin’s price could double if it breaks out from this range, with $0.322 being the next “key resistance” for DOGE. 

Dogecoin
Source: IntoTheBlock

Martinez’s analysis suggests that DOGE’s price has failed to experience a bullish reversal for some time because the meme coin continues to face significant selling pressure from these holders who had bought the meme coin between $0.166 and $0.171. These 10 billion tokens purchased by these holders represent a considerable amount of Dogecoin’s circulating supply, which is why their sell orders greatly impact Dogecoin’s price. 

However, as Ali predicted, Dogecoin could make a parabolic move to the upside if it breaks out from this resistance level. This is especially true considering that the number of holders who bought the meme coin above this range (up until $0.322) isn’t enough to send Dogecoin’s price spiraling down even if another wave of sell-offs occurs after Dogecoin enjoys a break out above $0.171. 

Martinez’s prediction follows crypto analyst Mag’s recent prediction that DOGE is poised for a 700% price explosion, which could send it to $1.7. The analyst’s prediction further cemented the belief that the foremost meme coin would rise to $1 at some point in this market cycle. 

See also  Misfiring England tumble to Iceland defeat in setback to Euros preparations

Interestingly, Martinez had predicted in March that history suggested that Dogecoin could hit $1 by mid-April, although that didn’t happen. However, it confirmed that this price level was on the cards for DOGE and a high that could be eventually attained in this bull run. 

Exciting Days Ahead For DOGE

Crypto analyst The Crypto Dog recently shared his bullish sentiment towards DOGE, claiming that there are still exciting times ahead for the foremost meme coin. He acknowledged the fact that the meme coin market has become saturated but added that there is still a “charm to her (Dogecoin) lumbering.”

He also shared his belief that DOGE still has a “place” in the grand scheme of things, suggesting that the foremost meme coin will still be a top-gainer in this bull market, although attention seems to have turned to newer meme coins like Dogwifhat and Pepe. The Crypto Dog even went as far as stating that Dogecoin will outperform Bitcoin in this market cycle. 

At the time of writing, DOGE is trading at around $0.16, up almost 2% in the last 24 hours, according to data from CoinMarketCap. 

Dogecoin price chart from Tradingview.com

DOGE pirce rising after decline | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

You Might Also Like

The King of Fighters 15 – Vice and Mature Announced for December 2024

Lego Hill Climb Adventures is a charming, simplified Trials

France National Assembly’s reelected speaker Braun-Pivet to cohabit with New Popular Front

DeFi Protocol Rho Markets Suffers $7.6 Million Loss Scare With Gray Hat Hackers

US Calls on Chinese Regime to End Its 25-Year Persecution of Falun Gong

Share This Article
Facebook Twitter Copy Link
Previous Article Bodies recovered likely those of 2 Australians, 1 American who went missing, Mexican prosecutors say Bodies recovered likely those of 2 Australians, 1 American who went missing, Mexican prosecutors say
Next Article ‘It has gone very far:’ EU countries voice exasperation over Hungary’s vetoes on Ukraine aid ‘It has gone very far:’ EU countries voice exasperation over Hungary’s vetoes on Ukraine aid
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

The King of Fighters 15 – Vice and Mature Announced for December 2024
The King of Fighters 15 – Vice and Mature Announced for December 2024
Uncategorized
Lego Hill Climb Adventures is a charming, simplified Trials
Lego Hill Climb Adventures is a charming, simplified Trials
Uncategorized
France National Assembly’s reelected speaker Braun-Pivet to cohabit with New Popular Front
France National Assembly’s reelected speaker Braun-Pivet to cohabit with New Popular Front
Uncategorized
DeFi Protocol Rho Markets Suffers .6 Million Loss Scare With Gray Hat Hackers
DeFi Protocol Rho Markets Suffers $7.6 Million Loss Scare With Gray Hat Hackers
Uncategorized
US Calls on Chinese Regime to End Its 25-Year Persecution of Falun Gong
US Calls on Chinese Regime to End Its 25-Year Persecution of Falun Gong
Uncategorized
The AI boom has an unlikely early winner: Wonky consultants
The AI boom has an unlikely early winner: Wonky consultants
Uncategorized

You Might Also Like

The King of Fighters 15 – Vice and Mature Announced for December 2024
Uncategorized

The King of Fighters 15 – Vice and Mature Announced for December 2024

July 20, 2024
Lego Hill Climb Adventures is a charming, simplified Trials
Uncategorized

Lego Hill Climb Adventures is a charming, simplified Trials

July 20, 2024
France National Assembly’s reelected speaker Braun-Pivet to cohabit with New Popular Front
Uncategorized

France National Assembly’s reelected speaker Braun-Pivet to cohabit with New Popular Front

July 20, 2024
DeFi Protocol Rho Markets Suffers .6 Million Loss Scare With Gray Hat Hackers
Uncategorized

DeFi Protocol Rho Markets Suffers $7.6 Million Loss Scare With Gray Hat Hackers

July 20, 2024

About Us

Welcome to TrendSnapNews, your go-to destination for the latest updates and insightful analysis on the world’s most pressing topics. At TrendSnapNews, we are committed to delivering accurate, timely, and engaging news that keeps you informed and empowered in an ever-changing world.

Legal Pages

  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Trending News

Helicopter carrying Iran's president apparently crashes in mountainous region

Helicopter carrying Iran's president apparently crashes in mountainous region

Para rowing – Paralympic power

Para rowing – Paralympic power

‘Portal’ installations in NYC, Dublin temporarily closed due to 'inappropriate behavior'

‘Portal’ installations in NYC, Dublin temporarily closed due to 'inappropriate behavior'

Helicopter carrying Iran's president apparently crashes in mountainous region
Helicopter carrying Iran's president apparently crashes in mountainous region
May 26, 2024
Para rowing – Paralympic power
Para rowing – Paralympic power
May 26, 2024
‘Portal’ installations in NYC, Dublin temporarily closed due to 'inappropriate behavior'
‘Portal’ installations in NYC, Dublin temporarily closed due to 'inappropriate behavior'
May 26, 2024
Stunning meteor lights up the sky over Europe
Stunning meteor lights up the sky over Europe
May 26, 2024
© 2024 All Rights Reserved |Powered By TrendSnapNews
trendsnapnews
Welcome Back!

Sign in to your account

Lost your password?