Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price Target

Quick Summary:

This recent upward momentum has reignited bullish sentiment among investors, but DOGE still faces critical resistance levels that it must overcome to maintain its rally.Reclaiming the $0.43 level is essential for bulls to sustain momentum, as this would signal renewed confidence and set the stage for a push toward multi-year highs around $0.48.Breaking above the $0.48 mark would mark a significant milestone for DOGE, potentially triggering a larger rally as the cryptocurrency enters uncharted territory.

Related Reading: XRP Breaks Out Of Bullish Flag Pattern – $4 Target In Sight If Dogecoin continues to reclaim critical levels and maintain its momentum, the resulting push could be substantial.

According to Martinez, DOGE is trading within a multi-year ascending parallel channel, a formation that suggests strong bullish momentum.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Dogecoin Dogeusdt Dogecoin price Doge Dogecoin ATH Dogecoin price analysis Dogecoin news Dogecoin $1

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 19:00:59 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 651 words

Reading Time: 4 minutes read

Sentences: 69 lines

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Copyright Owner: © NewsBTC

News ID: 25293319

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