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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-analyst-donalt-predicts-significant-gains-for-dogecoin/" data-wpel-link="internal">Crypto Analyst DonAlt Predicts Significant Gains for Dogecoin</a> 
The world of cryptocurrency is always filled with excitement and dynamism. As prices rise or fall, investors and analysts are constantly engaged in a process of prediction and analysis. This week, the focus is on a crypto analyst known by the name DonAlt. The analyst is particularly famous for accurately predicting the bottom of <a href="https://coin-turk.com/analist-kritik-fiyat-seviyelerine-isaret-etti-bitcoindeki-yukselis-ivmesi-devam-edecek-mi-2" data-wpel-link="internal">Bitcoin</a> in 2022. Now, he is making predictions about <a href="https://coin-turk.com/twitter-2-0-ve-dogecoin-elon-musk-neler-planliyor" data-wpel-link="internal">Dogecoin</a>. Let’s take a look at the analyst’s approach. 
<h2 style="text-align: justify" id="donalt-expects-a-5x-increase-for-dogecoin">DonAlt Expects a 5x Increase for Dogecoin</h2> 
DonAlt offers interesting observations about the recent uptrend in <a href="https://en.coin-turk.com/dogecoin-an-analysis-of-optimistic-and-harsh-price-predictions/" data-wpel-link="internal">Dogecoin</a> (<a href="https://en.coin-turk.com/doge-chart-analysis-noteworthy-formation-support-and-resistance-levels/" data-wpel-link="internal">DOGE</a>). Dogecoin’s status as the leading meme coin gives it a unique position in the markets, making it an asset that should be closely watched. According to the analyst, reaching a price of 1 dollar from current levels “may not be very likely” for Dogecoin, but the uptrend presents significant potential. The analyst sees a 5x potential that could push the price to the 0.8 dollar region. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-331691 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/dogecoin-coin-turk-com-.webp" alt="" width="1262" height="705"> 
DonAlt notes that Dogecoin has started to rise after finding strong support against <a href="https://en.coin-turk.com/bitcoins-volatile-price-movement-and-its-impact-on-altcoins/" data-wpel-link="internal">Bitcoin</a> in its latest price movement. According to him, what makes DOGE interesting is its return to support on the BTC chart. DonAlt mentions the factors that would invalidate Dogecoin’s bullish thesis: 
<blockquote> 
 “If we look above 0.05 dollars, there is a target of rising to 1 dollar. Since the price is at 0.16 dollars, it will be the most suitable entry point for the journey to 1 dollar.” 
</blockquote> 
<h2 style="text-align: justify" id="will-bitcoin-s-uptrend-continue">Will Bitcoin’s Uptrend Continue?</h2> 
Bitcoin has continued its uptrend, according to DonAlt, despite the price correction above the all-time high of 73,000 dollars reached earlier this month. 
<blockquote> 
 “Overall, we are still in a big uptrend. This is really a big uptrend. Therefore, dips should be seen as buying opportunities. If the monthly chart shows a downtrend, you are in the best phase with a bearish outlook if you pull back. If you reclaim most of the February monthly candle, that’s when you’re in the best phase.” 
</blockquote> 
According to the analyst, if BTC falls below the 60,000 dollar support level, the next support level would be about 22% below the current price. 
<blockquote> 
 “My bearish scenario is this: If we close March with a red candle and then see the 60,000 dollar support on the weekly timeframe, a descent towards a 52,000 dollar support zone will be in question if the price drops below this support.” 
</blockquote> 
Bitcoin is trading at 66,287 dollars at the time of writing this article. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-analyst-donalt-predicts-significant-gains-for-dogecoin/" data-wpel-link="internal">Crypto Analyst DonAlt Predicts Significant Gains for Dogecoin</a></h5>

Crypto Analyst DonAlt Predicts Significant Gains for Dogecoin

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