Elite

Dogecoin

Rekt

<p>Dogecoin (DOGE) has seen its price decline over 5% on Monday amid a broader downturn in the cryptocurrency market. However, according to prominent analyst Rekt Capital, the meme-inspired token may be gearing up for a significant rally in the coming weeks.</p>
<p>In a recent tweet, Rekt Capital <a href="https://x.com/rektcapital/status/1734144509565432198?s=20" target="_blank" rel="noopener noreferrer nofollow">pointed out</a> that Dogecoin’s weekly close has reclaimed the $0.096 level as support. This area had previously acted as resistance throughout much of 2023. Now that DOGE has regained it as a support floor, Rekt Capital suggests the path of least resistance is to the upside.</p>
<p><em>“Successful retest here would enable a +31% move,”</em> wrote Rekt Capital about the $0.096 level. This implies a potential target around $0.13 if DOGE can confirm this area as support.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="726" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-1024x726.png" alt="" class="wp-image-396631" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-1024x726.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-300x213.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-767x544.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-1536x1089.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-2048x1452.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-494x350.png 494w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-311-788x558.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-311.png 1786w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Dogecoin is currently trading hands around $0.095, which means it is essentially right at the make-or-break support zone described by Rekt Capital. So far, buyers have defended this key level despite today’s broader market turbulence.</p>
<p>If Dogecoin manages to reclaim $0.096 as support in the coming days and weeks, it could be the precursor to a rally back towards the $0.13 resistance. In such a hypothetical scenario, DOGE would gain over 30% from current levels.</p>
<p>Of course, Dogecoin is still vulnerable to downside in the near-term if bearish momentum resumes and $0.096 fails to hold up. In that case, DOGE may look to its 2023 bottom near $0.06 as the next line of defense. Although with crypto sentiment improving recently, the odds seem to favor the bulls right now.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/elite-crypto-analyst-lays-out-how-dogecoin-doge-could-surge-by-31/" rel="noopener noreferrer nofollow">Elite Crypto Analyst Lays Out How Dogecoin (DOGE) Could Surge by 31%</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Elite Crypto Analyst Lays Out How Dogecoin (DOGE) Could Surge by 31%

Table of Contents

CaptainAltcoin

Other articles published on Dec 11, 2023

From Skeptic to Supporter: Mike Novogratz Flips on Ripple; XRP Army Celebrates

The Oasis Networks (ROSE) Is Rising Upward, Will It Still Rise?

Lean Community and FreeLIB Newsletter - Week #49

Blockchain Analysts Have Discovered a New Hidden AI Crypto Gem – How Does it Work?

SHIB Faces Resistance Despite Significant Growth Potential: Analyst

Argentina holds back on the US dollar – Here is why

Join our free newsletter for daily crypto updates!