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>
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<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>
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<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%

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