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<p>The post <a href="https://coinpedia.org/price-analysis/dogecoin-doge-price-top-analyst-sees-doge-price-poised-for-600-rally-in-coming-days/">Dogecoin (Doge) Price: Top Analyst Sees Doge Price Poised For 600% Rally in Coming Days</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://markets.coinpedia.org/dogecoin/">Dogecoin</a>, the beloved meme-inspired cryptocurrency, is making headlines once again as renowned crypto analyst Ali Martinez unveils bullish signals on its technical charts. Martinez suggests that Dogecoin could skyrocket to nearly $1.5 by April, representing a remarkable 600% rally.</p> 
<h2 class="wp-block-heading" id="h-dogecoin-s-technical-charts">Dogecoin’s Technical Charts</h2> 
<p>According to Martinez’s analysis, Dogecoin’s weekly price chart reveals a descending triangle pattern, typically considered bearish, which has been in play since its peak in May 2021.&nbsp;</p> 
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   <p lang="en" dir="ltr">I feel my fellow degens have been distracted with the new shiny <a href="https://twitter.com/hashtag/memecoins?src=hash&amp;ref_src=twsrc%5Etfw">#memecoins</a>, but <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> remains the most important <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw">#altcoin</a> in this sector.<br><br>From a technical perspective, <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> seems to mirror the 2018-2021 pattern. If so, <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> could be at the very beginning of a massive… <a href="https://t.co/WGREwsxPcb">pic.twitter.com/WGREwsxPcb</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1774509832629854365?ref_src=twsrc%5Etfw">March 31, 2024</a>
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<p>However, recent price action has resisted this pattern, with Dogecoin breaking above the triangle’s upper trendline in November 2023. This breakout signals a significant shift in market dynamics, overturning previous bearish sentiment.</p> 
<p>Further into the analysis, Martinez <a href="https://coinpedia.org/price-analysis/dogecoin-back-above-0-2-doge-bulls-gearing-up-aiming-for-another-15-jump-ahead-of-quarterly-close/">projects a parabolic rise</a> for Dogecoin based on historical price patterns from the 2018-2021 bull market. Prediction from this pattern, Martinez suggests that Dogecoin could skyrocket to nearly $1.5 by April, representing a remarkable 600% rally.&nbsp;</p> 
<p>Also Read : <a href="https://coinpedia.org/price-analysis/top-memecoins-preparing-for-an-explosive-100-rally-in-april/">Top Memecoins Preparing for an Explosive 100% Rally in April</a></p> 
<h2 class="wp-block-heading" id="h-dogecoin-hitting-6-2-nbsp">Dogecoin hitting $6.2&nbsp;</h2> 
<p>Looking ahead <a href="https://coinpedia.org/news/dogecoin-surpass-2021-previous-high-of-0-2-is-0-3-next/">Martinez highlighted</a> the Fibonacci retracement levels to identify key areas of support and resistance in Dogecoin’s price action. With Dogecoin’s price surpassing the crucial 0.5 Fibonacci retracement level in March, around $0.19057, further upside potential is suggested.</p> 
<p>Martinez believes that Dogecoin’s price could reach around $1.50, which aligns with Fibonacci extension levels, serving as a potential resistance level.</p> 
<p>After reaching $1.50, Martinez <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">expects Dogecoin</a> to take a break and trade between its previous highest price and the 1,272 Fibonacci level. Then, the rally might continue, and Dogecoin could surge to $2.27, $3.95, and $6.22. Eventually, Dogecoin’s price could reach above $6.30.</p> 
<p>Overall, Martinez’s analysis suggests that Dogecoin’s price could go up significantly in the coming months.&nbsp;</p> 
<p>Also Check Out : <a href="https://coinpedia.org/price-analysis/theta-displays-a-bearish-reversal-theta-network-to-plunge-15/">THETA Displays A Bearish Reversal! Theta Network To Plunge 15%?</a></p> 
<h2 class="wp-block-heading" id="h-dogecoin-price-analysis">Dogecoin Price Analysis</h2> 
<p>Currently, Dogecoin is <a href="https://markets.coinpedia.org/dogecoin/">trading at $0.20</a>, representing a slight drop of 1.75% over the last 24 hours. Despite this decrease, there has been a notable surge in trading volume, reaching $3.1 billion, marking a significant increase of 43%.</p>

Dogecoin (Doge) Price: Top Analyst Sees Doge Price Poised For 600% Rally in Coming Days

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