The post Dogecoin’s next price target – $0.12 or $0.22? appeared on BitcoinEthereumNews.com.

DOGE has surged by 13.14% over the last 7 days Some analysts are eyeing a 102% surge to $0.22 Dogecoin [DOGE], the world’s largest memecoin by market cap, has seen strong upward momentum over the past month. This, despite the fact that much of the crypto-market has been stuck in a vortex of volatility for a while now. In fact, at the time of writing, DOGE was trading at $0.1062 following a 1.08% hike over the last 24 hours. The memecoin also registered significant gains over the past week, surging by 13.14% on the charts. The memecoin’s high trading volume underlined DOGE’s resilience. Figures for the same soared by 30.75% to $643.9 million over the last 24 hours. Over the same period, its market cap hiked to $15.4 billion too. Needless to say, these market conditions have sparked optimism among key market players. Popular crypto analysts like Javon Marks are even predicting a 102% hike, citing a recent breakout. Could market sentiment be key? In his analysis, Marks claimed that the breakout from the falling wedge is now confirmed following a breakout retest. Source: X In context, when a breakout is confirmed, it means the price has broken through the upper resistance line of the wedge, suggesting a potential trend reversal. Usually after the breakout, prices often retest the breakout level. The retest is mostly perceived as a confirmation that the breakout is valid and offers a foundation for further uptrend. Based on this analysis, the breakout positions DOGE for a massive rally, one where it might surge by by 102% to $0.22 in the short run. According to the analyst, there might also be a sustained bull run to hit $0.6533 in the long term. Therefore, if the current breakout remains valid and DOGE sustains its current momentum, it…

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Filed under: News - @ September 15, 2024 1:03 am