Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels

Quick Summary:

A bounce of this support level could send Dogecoin to the $0.55 target.  The crypto analyst also indicated that the Dogecoin price is showing significant strength, surpassing long-standing resistance levels, which MadWhale mentioned signals an important shift.

He noted that Dogecoin has been testing this Fib level but faced rejection on November 19.  While the analyst is confident that the Dogecoin price will eventually break above this resistance level, he remarked that it must happen "cleanly and violently” if the foremost meme coin is to witness any major price rally to the upside.

The analyst predicted that the foremost meme coin could witness a significant rally and highlighted support areas that market participants should focus on.  Dogecoin Price To Witness A 37% Surge In a TradingView post, MadWhale predicted that the Dogecoin price would likely witness a 37% rally to $0.55 soon.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Dogeusdt Doge price Analyst DOGE news Dogecoin price Crypto news Doge Dogeusd Dogecoin Crypto analyst Dogecoin news Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 22:30:07 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23749355

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