Will Dogecoin Zoom Pass $2 as JetBolt Continues Epic Run
The post Will Dogecoin Zoom Pass $2 as JetBolt Continues Epic Run appeared on BitcoinEthereumNews.com.
SPONSORED POST* Dogecoin remains a critical focus of market discussions as its price consolidates near $0.40. Despite a modest 0.47% drop in the past 24 hours, Dogecoin has managed a 14.43% gain over the month, signaling underlying bullish momentum. But can this meme-fueled giant zoom past the coveted $2 mark? Meanwhile, JetBolt (JBOLT) is gaining the spotlight with its epic presale run. Offering groundbreaking zero-gas technology and an innovative staking system on top of unique presale perks, JetBolt is setting itself apart as an exciting contender in the crypto race. Will Dogecoin’s price forecast deliver the breakout buyers are hoping for, or is JetBolt’s momentum a sign of where the market is headed? Let’s find out. Dogecoin Price Forecast: Can Dogecoin Zoom Pass $2? From a technical perspective, Dogecoin’s price action mirrors a wave four consolidation phase, as observed through Elliott Wave analysis. Resistance zones between $0.42 and $0.45 have proven difficult to breach, with sideways movement suggesting market indecision. Chart Showing Dogecoin’s Resistance Zones Between $0.42 and $0.45 from Crypto Online on YouTube Analysts believe a breakout above $0.45 could propel Dogecoin toward $0.60, completing the fifth wave and providing the foundation for higher targets. Conversely, failure to break this resistance could drive the price toward support zones near $0.34, where the 50-day moving average aligns. Amidst this stagnation, whale activity provides a promising signal. Reports from IntoTheBlock indicate that large DOGE transactions surged by 41.12% over the past week, with over 60.9 billion DOGE moved in a single day. Historically, such whale movements often precede significant price rallies, as they reflect renewed confidence among high-net-worth holders. Market sentiment is also being shaped by external catalysts. Elon Musk’s continued support for Dogecoin, coupled with rising mentions of the pro-crypto Department of Government Efficiency (D.O.G.E.), has fueled speculation about potential…
Filed under: News - @ December 17, 2024 3:29 pm