Dogecoin Eyes 100% Rally As Key Resistance Nears Breakout: Analyst

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Dogecoin Eyes 100% Rally As Key Resistance Nears Breakout: Analyst - NewsBTC

Quick Summary:

Could go sideways for a bit to build momentum but we should be good for a 2x from here before the next major resistance.Once we reclaim $0.36 we can start talking about new ATHs again.” Related Reading: Pundit Gives Dogecoin Price 30-40% Chance Of Crash To $0.165 As RSI Enters Oversold Levels Thus, he identifies $0.36 as the inflection point that could pave the way to reclaiming historic highs above $0.76, but stresses that he wants to see a decisive break above this resistance first.Until then, he sees $0.15 as a robust support floor and maintains confidence that DOGE’s price action may mimic its bullish structure from September 2024.

Crypto Balo (@btcbalo) and Cas Abbé (@cas_abbe) both shared technical charts suggesting a new leg up for DOGE, highlighting specific price thresholds, Fibonacci retracement levels, and a recently confirmed bullish pattern.

Related Reading: Crypto Analyst Calls Dogecoin Chart A Beauty’ As Key Indicators Align Based on these observed price structures, Balo anticipates that Dogecoin could move sideways for a brief period to gather momentum.