Elite Crypto Analyst Lays Out How Dogecoin (DOGE) Could Surge by 31%

2023-12-12 23:30

Dogecoin (DOGE) has seen its price decline over 5% on Monday amid a broader downturn in the cryptocurrency market. However, according to prominent analyst Rekt Capital, the meme-inspired token may be gearing up for a significant rally in the coming weeks.

In a recent tweet, Rekt Capital pointed out that Dogecoin’s weekly close has reclaimed the $0.096 level as support. This area had previously acted as resistance throughout much of 2023. Now that DOGE has regained it as a support floor, Rekt Capital suggests the path of least resistance is to the upside.

“Successful retest here would enable a +31% move,” wrote Rekt Capital about the $0.096 level. This implies a potential target around $0.13 if DOGE can confirm this area as support.

Dogecoin is currently trading hands around $0.095, which means it is essentially right at the make-or-break support zone described by Rekt Capital. So far, buyers have defended this key level despite today’s broader market turbulence.

If Dogecoin manages to reclaim $0.096 as support in the coming days and weeks, it could be the precursor to a rally back towards the $0.13 resistance. In such a hypothetical scenario, DOGE would gain over 30% from current levels.

Of course, Dogecoin is still vulnerable to downside in the near-term if bearish momentum resumes and $0.096 fails to hold up. In that case, DOGE may look to its 2023 bottom near $0.06 as the next line of defense. Although with crypto sentiment improving recently, the odds seem to favor the bulls right now.

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The post Elite Crypto Analyst Lays Out How Dogecoin (DOGE) Could Surge by 31% appeared first on CaptainAltcoin.

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Dogecoin (DOGE) на Currencies.ru

$ 0.1481 (-0.20%)
Объем 24H $1.955b
Изменеия 24h: 4.43 %, 7d: -5.66 %
Cегодня L: $0.148 - H: $0.1491
Капитализация $21.372b Rank 9
Цена в час новости $ 0.0965883 (53.33%)

doge dogecoin analyst prominent rekt capital according

Источник: captainaltcoin.com

doge dogecoin → Результатов: 126


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Фото:

Dogecoin (DOGE): As DOGE Day Approaches Will Elon Drop Hints? Dogecoin Rival Launches On 420

As the crypto community gears up for the eagerly anticipated Dogecoin (DOGE) Day, speculation is rife about potential moves by influential figures like Elon Musk. Will the tech mogul, known for his cryptic tweets that have historically sent Dogecoin (DOGE) soaring, drop hints that could influence DOGE’s trajectory? Amidst this […]

2024-4-3 19:54


Can Bitcoin Rally Сontinue? Here’s 3 Crypto to Keep an Eye On: Nuggetrush (NUGX), Dogecoin (DOGE), Shiba Inu (SHIB)

As Bitcoin leads an impressive rally, the cryptocurrency market is witnessing a resurgence of meme coins. Amid this whirlwind of digital currency frenzy, investors cast a spotlight on three meme coins poised for the limelight, including the iconic Dogecoin (DOGE), the playful Shiba Inu (SHIB), and the daring NuggetRush (NUGX).

2023-12-7 16:00


После 9 лет бездействия криптокиты Dogecoin переместили 7 млн DOGE

Четыре криптокита, владеющие Dogecoin (DOGE), переместили с начала 2023 года сотни тысяч долларов в ведущей монете-меме. У всех у них есть одна общая черта — до этого они не проявляли активности более девяти лет.

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