Shiba

2024

Parabolic

Dogecoin

Read

<ul>
 <li>Dogecoin’s recent surge sees it trading at $0.169, up 9.78% over 24 hours and 40% weekly.</li>
 <li>Analyst Ali predicts Dogecoin could reach $1 by mid-April, drawing parallels with historical price patterns.</li>
 <li>Dogecoin’s price action indicates a potential retest of $0.20 resistance or fallback to $0.12 support level based on buyer behavior.</li>
</ul>
<p>Dogecoin is trading at $0.169, marking a significant 9.78% increase over the previous 24 hours. Moreover, the cryptocurrency has witnessed a remarkable weekly surge of approximately 40%.</p>
<p>Crypto analyst Ali has caught attention with a daring forecast regarding DOGE’s price trajectory. Ali suggests that Dogecoin could reach the $1 mark by mid-April, drawing parallels from historical price trends. Presenting a comparative chart of Dogecoin’s past performance, Ali highlights similarities between the current price pattern and previous bullish markets observed in 2017 and 2021.</p>
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   <p lang="en" dir="ltr">This may sound wild, but if history is any guide, <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> $DOGE&nbsp;could hit $1 by mid-April! <a href="https://t.co/UAgldPcDbh" rel="noopener noreferrer nofollow">pic.twitter.com/UAgldPcDbh</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1766039677608296715?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 8, 2024</a>
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<p>According to Ali’s analysis, periods of significant price rallies are often preceded by phases of consolidation, characterized by range-bound trading. Should history repeat itself, Ali predicts a potential parabolic breakout for Dogecoin in mid-April, projecting a staggering 525% surge from its current valuation of approximately $0.17.</p>
<p>Examining Dogecoin’s recent price action, the cryptocurrency has steadily climbed from its low of $0.09 since February 26. Although there was a surge that pushed DOGE above the $0.20 resistance level on March 5, profit-taking prevented the breakout from being sustained.</p>
<p>At present, buyers are striving to maintain the price above $0.17, with Dogecoin reaching intraday highs of $0.172. Should buyers succeed in keeping the price above this level, a gradual retesting of the local peak at $0.20 could be anticipated. Conversely, a decline from current levels might lead Dogecoin to the $0.12 support level, where buyer interest is expected to increase.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
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 <li><a href="https://cryptonewsland.com/dogecoins-parabolic-rally-expected-by-april-analyst-predicts/" rel="noopener noreferrer nofollow">Dogecoin’s Parabolic Rally Expected by April, Analyst Predicts</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/crypto-expert-forecasts-dogecoin-to-hit-1-by-mid-april/" rel="noopener noreferrer nofollow">Crypto Expert Forecasts Dogecoin to Hit $1 by Mid-April!</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Crypto Expert Forecasts Dogecoin to Hit $1 by Mid-April!

Crypto News Land

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