Dogecoin

Billy

Strong

The current state of the cryptocurrency market has both analysts and traders buzzing with excitement. Well-known trader and analyst Peter Brandt has expressed optimism about the original meme coin, Dogecoin (DOGE). Brandt shared a DOGE/USDT chart, indicating that Dogecoin has broken out of a downtrend channel after being stuck for about half a year. According to Brandt, this breakout could signal the start of a new upward move for DOGE. 
<h2 id="peter-brandt-expects-a-strong-rally-for-dogecoin">Peter Brandt Expects a Strong Rally for Dogecoin!</h2> 
As reported by Turkish NY Radio, meme coins have made significant moves as the market gains momentum. After a long pause, <a href="https://www.turkishnyradio.com/analyst-signals-a-bullish-trend-for-dogecoin-and-other-altcoins/" target="_blank" rel="noopener">Dogecoin </a>has delivered a rally, much to the delight of its investors. Some analysts suggest that this could be just the beginning. Before entering a downward channel, Dogecoin had spent two years trading within a horizontal channel, between a low of $0.05 and a peak of $0.2100 in March. Since then, the cryptocurrency has been declining but is now showing signs of a breakout. Brandt highlighted that even a longer-term chart looks constructive for the meme coin, playfully stating, “Play nice, little doggy.” 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-15593" src="https://www.turkishnyradio.com/wp-content/uploads/2024/09/Dogecoin-DOGE-breaking-out-of-a-downtrend-as-predicted-by-analyst-Peter-Brandt.-The-Dogecoin-logo-is-prominently-displayed-w.webp" alt="Dogecoin DOGE breaking out of a downtrend as predicted by analyst Peter Brandt. The Dogecoin logo is prominently displayed w" width="1792" height="1024" title="Legendary Analyst Gives the Signal for This Meme Coin: It's Ready to Run! 22" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/09/Dogecoin-DOGE-breaking-out-of-a-downtrend-as-predicted-by-analyst-Peter-Brandt.-The-Dogecoin-logo-is-prominently-displayed-w.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/09/Dogecoin-DOGE-breaking-out-of-a-downtrend-as-predicted-by-analyst-Peter-Brandt.-The-Dogecoin-logo-is-prominently-displayed-w-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/09/Dogecoin-DOGE-breaking-out-of-a-downtrend-as-predicted-by-analyst-Peter-Brandt.-The-Dogecoin-logo-is-prominently-displayed-w-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
In the last 24 hours, Bitcoin’s 1.8% gain has coincided with Dogecoin’s impressive 7.4% rise, reaching a local peak of $0.1236 before slightly retreating to $0.1234 at the time of writing. 
<h2 id="analyst-doge-aiming-to-confirm-its-breakout">Analyst: DOGE Aiming to Confirm Its Breakout!</h2> 
Meanwhile, seasoned crypto analyst Ali Martinez believes that Dogecoin is currently trying to confirm its breakout after surpassing the $0.111 resistance level. Martinez also noted that in the past two days, whales have accumulated 1.4 billion Dogecoins from centralized exchanges, further boosting confidence in the meme coin’s potential rally. 
<h2 id="dogecoin-s-founder-calls-on-sec-for-clarification">Dogecoin’s Founder Calls on SEC for Clarification</h2> 
In another development, Dogecoin co-founder Billy Markus has called on SEC Chairman Gary Gensler to officially recognize that Dogecoin is not a security. Markus, who goes by Shibetoshi Nakamoto on social media, pointed out that Dogecoin was built on Bitcoin’s code. He argued that since the SEC classifies Bitcoin as a commodity, the same status should be granted to DOGE.

Legendary Analyst Gives the Signal for This Meme Coin: It’s Ready to Run!

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