Dogecoin

bullish

2024

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Dog-themed cryptocurrency <a href="https://u.today/dogecoin-founder-responds-as-doge-btc-skyrocket">Dogecoin (DOGE)</a> has surged by nearly 25% in the last 24 hours, reaching intraday highs of $0.4807 in Saturday's trading session.
Dogecoin hit its highest price this year, as altcoins see massive gains as Bitcoin approaches the $100,000 milestone.
In a recent tweet, <a href="https://x.com/ali_charts/status/1860203576049766702">Ali Martinez</a>, a crypto analyst, shared his bullish outlook on Dogecoin saying, "Dogecoin DOGE is in the middle of a bullish breakout to $0.82."
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> is in the middle of a bullish breakout to $0.82! <a href="https://t.co/KjLJQ7ZkNm">https://t.co/KjLJQ7ZkNm</a> <a href="https://t.co/Rib4XImoTT">pic.twitter.com/Rib4XImoTT</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1860203576049766702?ref_src=twsrc%5Etfw">November 23, 2024</a>
</blockquote> 
Ali shared a chart of Dogecoin, indicating a triangle pattern with a potential breakout target of $0.82.
This prediction has fueled further optimism about the potential for DOGE to reach new all-time highs. At current levels, Dogecoin would need to increase by nearly 42% to reach the $0.82 target.
A surge to $0.82 would imply Dogecoin surpassing its previous all-time high of $0.7376 reached May 8, 2021. At the time of writing, Dogecoin was up 23% in the last 24 hours to $0.475, but down 36.11% from its all-time high of $0.737.
<img src="https://u.today/sites/default/files/inline-images/1000021614.png" data-entity-uuid="4dda2c54-9103-4bfe-b079-2b00b33d9586" data-entity-type="file" alt="TradingView " data-caption="<a href=&quot;https://www.tradingview.com/x/rWW5qDkV/&quot;>DOGE/USD Daily Chart, Courtesy: TradingView&amp;nbsp;</a>">
Dogecoin has nevertheless achieved significant increases in the week and month, with CoinGecko data indicating that it has increased by 27% and 245% in the last seven and thirty days.
<h2 id="dogecoin-surges-on-market-optimism">Dogecoin surges on market optimism</h2>
Dogecoin has been rising over the last three days, with today's increase being the highest. Dogecoin rose from lows of $0.4 to highs of $0.48, a level not seen since May 2021, producing a giant green candle in today's trading session.
The dog coin's run had earlier stalled following its ascent to highs of $0.439, but DOGE began to rise again from lows of $0.369 on Nov. 21.
The upward-sloping moving averages and the RSI in the overbought zone signal a buyer edge. If bulls push the price above $0.48, Dogecoin might rise to $0.50, then $0.59. A further upward rise might approach the current all-time highs of $0.73 and $0.82.
In the event of declines, immediate support is envisaged around $0.33 ahead of $0.29 and $0.25. <a href="https://u.today/dogecoin-doge-skyrockets-25-analyst-predicts-082-breakout">Read original article on U.Today</a>

Dogecoin (DOGE) Skyrockets 25%: Analyst Predicts $0.82 Breakout

Table of Contents

U_Today

Other articles published on Nov 23, 2024

Wolf AI Crypto: Harnessing AI to Dominate the Cryptocurrency Landscape

Blockchain Group's 5-Point Crypto Plan for Trump Admin

New US Treasury Secretary Scott Bessent Is a Crypto Supporter

What is a Memecoin? Understanding the Popularity and Purpose of Meme-Based Cryptocurrencies

Dogecoin surges 10% as this new altcoin shakes the market, and preps for stage 2 presale

Best Coins to Hold for Bull Run: Qubetics Swells 10% at Weekend as Polkadot Targets $11, But Poly...

Join our free newsletter for daily crypto updates!