Dogecoin Price Looking To Close Weekly Candle Above The Yellow Line, Why $10 Is Possible If This Happens

Quick Summary:

According to Potts, when Dogecoin can rise above this line on the weekly chart, it often leads to a parabolic upward move.  With this in mind, the analyst has suggested that if  Dogecoin closes the week above $0.18, it could confirm a breakout and the start of this historically occurring "parabolic move.”  To further support his bullish Dogecoin price prediction, Potts shared Dogecoin’s previous performance when it closed above the yellow line.

With this line acting as a critical resistance level for the Dogecoin price, the analyst has predicted a breakout to $10 if Dogecoin can successfully close above it.   Dogecoin Eyes $10 Breakout Above Key Level Crypto analyst Dima James Potts has shared a new Dogecoin price analysis via X (formerly Twitter), predicting that the number one meme coin could rise to $10, marking a historic all-time high.

A rise to $10 would require Dogecoin to continue on a significant upward momentum, driven by optimistic market sentiment and certain bullish factors.  Related Reading: This Crypto Analyst Correctly Predicted The Bitcoin Price Rise To $75,000, Here’s The Full Prediction A few bullish factors have been driving the Dogecoin price towards higher levels.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Crypto Crypto news Crypto analyst Dogecoin Analyst

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 20:30:02 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 486 words

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Sentences: 62 lines

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