Shiba

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 <p>A closely followed analyst says that the dog-themed meme asset Dogecoin (DOGE) is setting up the stage for a massive surge to the upside.</p>
 <p>In a new strategy session, crypto trader Ali Martinez tells his 33,200 followers on the social media platform X that the Shiba Inu (SHIB) rival’s surge of transactions exceeding $100,000 during the last month suggests interest from blue-chip investors.</p>
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 <p><em>“There’s a notable surge in DOGE transactions exceeding $100,000 in the past month, consistently hitting new highs. This uptick suggests increased interest in DOGE from institutional players and whales, potentially gearing up for a significant price spike.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_oIi1zaUAAV_LD?format=jpg&amp;name=medium" alt="" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>Fellow crypto strategist Kaleo is also expressing bullish sentiment toward Dogecoin, saying that the memecoin will have a huge rally in the next week or two that will see it shoot up to around the $0.15 mark.</p>
 <p>He goes on to say that he believes the “real” DOGE rally will spark sometime in 2024.</p>
 <p><em>“Sometime in the next week or two, Dogecoin finally starts to move. When DOGE starts moving higher, it usually moves pretty fast. </em></p>
 <p><em>I wouldn’t be surprised to see a daily from here to somewhere in the 9-10 cents range, chop there for a bit, then another daily to ~$0.15. It’ll be a fast move… maybe churn a bit higher from there, but as much as I’d love for it to go to $1+, I honestly don’t see it getting too much past twenty cents on this rally. </em></p>
 <p><em>I’m just looking for a touch of HTF (high time frame) resistance on the BTC pair around 550 [satoshis] (where I’m getting the 20 cents figure depending on what the price of Bitcoin is). I don’t think the real DOGE rally starts until later in 2024, but that doesn’t mean we can’t have some fun before then.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F-c-b2cXUAAGztB?format=jpg&amp;name=large" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Kaleo/X
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 <p>Dogecoin is trading for $0.075 at time of writing, a 1.5% increase on the day.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-rival-dogecoin-gearing-up-for-a-significant-price-spike-says-crypto-analyst-here-s-why-tbt71427.html">https://thebittimes.com/shiba-inu-rival-dogecoin-gearing-up-for-a-significant-price-spike-says-crypto-analyst-here-s-why-tbt71427.html</a></p>

Shiba Inu Rival Dogecoin Gearing Up for a ‘Significant Price Spike’, Says Crypto Analyst – Here’s Why

TheBitTimes

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