Rally

Kevin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/exploring-dogecoins-potential-for-a-massive-rally/" data-wpel-link="internal">Exploring Dogecoin’s Potential for a Massive Rally</a> 
Kripto paraların tanınmış analistlerinden bir tanesi olan Kevin (eski adıyla OG Yomi), <a href="https://coin-turk.com/uzman-yatirimcidan-korkutan-dogecoin-doge-grafigi" data-wpel-link="internal">Dogecoin</a>‘in (<a href="https://coin-turk.com/dogecoin-doge-resmen-boga-kosusuna-basladi-doge-kurucu-ortagi-konustu" data-wpel-link="internal">DOGE</a>) beklenilen boğa süreci içerisinde %2.500’lük bir ralli yaşayabileceğini ortaya koydu. Yapılan analizin bir parçası olarak, bu boğa sürecinde meme coin’in ulaşabileceği temel fiyat hedeflerini de ortaya koydu. 
<h2 style="text-align: justify" id="how-much-will-dogecoin-be-worth">How Much Will Dogecoin Be Worth?</h2> 
Kevin shared a post on X expressing his views about <a href="https://en.coin-turk.com/dogecoin-holders-growth-stalls-after-february-surge/" data-wpel-link="internal">DOGE</a>. He made a price prediction that surpasses today’s market conditions: 
<blockquote> 
 Update on #<a href="https://en.coin-turk.com/dogecoin-gains-spotlight-with-surging-price-and-etf-speculation/" data-wpel-link="internal">Dogecoin</a> awaiting the weekly golden cross. We are still weeks away from this bull market milestone. Two consecutive red weeks have also caused some deviation. We need to turn green soon to continue on our path! #DOGE #<a href="https://en.coin-turk.com/two-wallets-score-big-with-popular-meme-coin-pepe/" data-wpel-link="internal">Altcoins</a> 
</blockquote> 
Additionally, the analyst pointed out in his DOGE chart that the 1.1618 FIB level is at the $3.80 region, which could meet and exceed the price level. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-345362" src="https://coin-turk.com/wp-content/uploads/2024/04/dogecoin-coin-turk-com.png" alt="" width="478" height="427"> 
The crypto analyst also drew attention to another matter, indicating that he was actually making an overly optimistic prediction. 
He mentioned that reaching the discussed levels in the expected bull cycle for Dogecoin would be more difficult compared to previous cycles due to the current market value and capital saturation. 
He also emphasized that there are now more meme coins in the market. Moreover, the analyst, citing Dogecoin’s past price movements, emphasized that this scenario remains within the realm of possibility. 
Kevin, pointing to DOGE’s past movements, marked $0.95 and $1.35 as “noteworthy” price targets for the meme coin, even if it doesn’t reach $3 levels. Similarly, other analysts also suggest that the price could move towards $1. 
Lastly, it would be useful to note that the analyst emphasized that a monthly close above $0.16 is needed to acknowledge the continuation of Dogecoin’s rise. 
<h2 style="text-align: justify" id="how-much-is-1-doge-currently">How Much is 1 Doge Currently?</h2> 
As all these price uncertainties continue in the market, eyes were on the price of Dogecoin (DOGE). At the time of writing, DOGE was trading at $0.1476 after a 1.35% drop, which is currently far from the $0.16 region mentioned by the analyst. 
In addition, the similarly declining market cap was just above $21 billion, placing it in the 8th position in the market ranking. 
On the other hand, DOGE’s 24-hour trading volume also fell over 5%, dropping to $867 million, which could be interpreted as neither sellers nor buyers being pleased with the situation. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/exploring-dogecoins-potential-for-a-massive-rally/" data-wpel-link="internal">Exploring Dogecoin’s Potential for a Massive Rally</a></h5>

Exploring Dogecoin’s Potential for a Massive Rally

Table of Contents

COINTURK NEWS

Other articles published on Apr 27, 2024

Ethereum’s Market Instability Raises Investor Concerns

Mega Dice Presale Has Already Attracted Half a Million – Top GameFi Crypto on Solana?

XRP Price: Whales Buying Spree Continues Ahead SEC Filing On April 29

Will Bitcoin Bulls Triumph Over its Current Trials?

ADA Price Struggles To Break Above Trendline – Downward Trend Persists

Why Smart Investors Are Turning to These New Cryptos for Next-Level Returns

Join our free newsletter for daily crypto updates!