Dogecoin

April

Rise

Gains

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-gains-over-2-in-24-hours/" data-wpel-link="internal">Dogecoin Gains Over 2% in 24 Hours</a> 
Dogecoin (DOGE) gained over 2% in the last 24 hours, catching <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>‘ attention again. Data reveals that the largest memecoin saw a 2.17% price drop in the last 7 days. DOGE lost momentum in the past few days, dropping to $0.12 before rising back to $0.13, and renowned <a href="https://en.coin-turk.com/latest-altcoin-price-analysis-ceek-and-chiliz-chz-coin-reviews/" data-wpel-link="internal">crypto analyst</a> Ali Martinez made a notable prediction for the altcoin. 
<h2 style="text-align: justify" id="strong-if-history-repeats-dogecoin-could-rise-by-up-to-230-strong">If History Repeats, Dogecoin Could Rise by Up to 230%</h2> 
Popular crypto analyst Martinez indicated that Dogecoin’s recent price movements might signal a bull run to a new peak. Martinez noted that in 2016 and 2021, DOGE consolidated within a descending triangle pattern before experiencing a three-digit price surge. 
<img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-374808" src="https://coin-turk.com/wp-content/uploads/2024/07/Dogecoin-DOGE-Altcoin.jpeg" alt="" width="1200" height="639"> 
He expressed that the current situation is similar and expects a similar rise, stating, “Dogecoin is moving within the same pattern we saw before. It consolidates in a descending triangle, rallies by 140% to 230%, and then pulls back by 56% to 60%.” Martinez also mentioned that he has recently increased his DOGE purchases and has not sold his holdings. 
<h2 style="text-align: justify" id="strong-other-analysts-like-martinez-are-also-positive-about-doge-strong">Other Analysts Like Martinez Are Also Positive About DOGE</h2> 
Other popular crypto analysts, like Martinez, are optimistic about Dogecoin’s <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>. Mags and KALEO emphasized the memecoin’s high potential. 
Mags noted last month that the consolidation phase had ended and could result in a “parabolic” rise. KALEO suggested that DOGE has the ability to rise quickly after a prolonged horizontal movement and could even surpass Bitcoin. 
Dogecoin’s Relative Strength Index (RSI) value also indicates a potential rise. As known, RSI measures the speed and change of price movements and ranges between 0 and 100. A level above 70 indicates a potential price drop, while lower levels suggest a potential rise. Currently, the RSI is at 50, similar to the period in late March and early April when DOGE rose above $0.22. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-gains-over-2-in-24-hours/" data-wpel-link="internal">Dogecoin Gains Over 2% in 24 Hours</a></h5>
The post <a href="https://en.coin-turk.com/dogecoin-gains-over-2-in-24-hours/" data-wpel-link="internal">Dogecoin Gains Over 2% in 24 Hours</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Dogecoin Gains Over 2% in 24 Hours

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