Dogecoin

Rally

Coin

The cryptocurrency market has taken a significant hit amid the ongoing conflicts between Iran and Israel, leading to sharp sell-offs. Despite the turbulence, some analysts remain optimistic about certain tokens. One seasoned crypto analyst has forecasted a notable rally for the original meme coin. 
<h2 id="a-180-rally-prediction-for-the-original-meme-coin">A 180% Rally Prediction for the Original Meme Coin</h2> 
Amidst the market sell-off, experienced analyst Ali Martinez has pointed out key metrics for Dogecoin. The potential rally comes at a time when DOGE is trading in line with the broader market. Martinez has highlighted significant increases in on-chain activities, such as the number of new addresses. The weekly chart for Dogecoin, according to Martinez, shows the MACD (Moving Average Convergence Divergence) indicator signaling a potential bullish crossover. If this occurs, Martinez suggests that a 180% rally could be on the horizon. 
Historically, this pattern has accurately predicted substantial upward movements for Dogecoin. Martinez cites previous examples where DOGE surged by 90% and another instance where it skyrocketed by 180%. The same MACD pattern, which triggered those rallies, seems to be forming again. Dogecoin is currently hovering around the $0.10 mark. If it were to rise by 180%, <a href="https://thebitjournal.com/shib-and-dogecoin-set-for-major-price-movements-analyst-predicts/" target="_blank" rel="noopener">DOGE</a> would reach $0.29. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-47901 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Grafik-1-4.jpg" alt="Seasoned Analyst Predicts a 180% Rally for This Meme Coin! = The Bit Journal" width="680" height="427" title="Seasoned Analyst Predicts a 180% Rally for This Meme Coin! 34"> 
<h2 id="other-analysts-also-predict-a-bullish-run-for-doge">Other Analysts Also Predict a Bullish Run for DOGE</h2> 
In addition to Martinez’s forecast, another crypto analyst known as Lucky is also bullish on Dogecoin. He believes the meme coin is showing signs of solid upward momentum. According to Lucky, technical indicators support the possibility of further gains. DOGE recently broke out of a descending wedge formation that had been forming since mid-April and bounced off key support levels. Fibonacci extension levels also point to potential price targets beyond $0.22.<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-47900 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Grafik-2-2.jpg" alt="Seasoned Analyst Predicts a 180% Rally for This Meme Coin! = The Bit Journal" width="680" height="383" title="Seasoned Analyst Predicts a 180% Rally for This Meme Coin! 35"> 
<h2 id="increasing-on-chain-activity-for-dogecoin">Increasing On-Chain Activity for Dogecoin</h2> 
Alongside price predictions, Martinez has identified a notable increase in Dogecoin’s on-chain activity over the past six months. This increase in activity supports the possibility of a price surge for the meme coin. Data from the crypto analytics platform Santiment reveals that as of October 2, active addresses for DOGE reached 84,306. Additionally, Santiment’s data indicates that despite recent price drops, whale investors remain significantly engaged with Dogecoin. In fact, as of September 28, whale activity reached its highest level since May, with 1,203 whale transactions recorded. Meme coin. 
Moreover, within just three days, 63,689 Dogecoin addresses conducted transfers, reaching levels not seen since April 2-4. This uptick in activity underscores the significant movement within the network, suggesting that whale investors may be positioning themselves for a potential rally. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-47899 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Grafik-3-2.jpg" alt="Seasoned Analyst Predicts a 180% Rally for This Meme Coin! = The Bit Journal" width="680" height="379" title="Seasoned Analyst Predicts a 180% Rally for This Meme Coin! 36"> 
As always, the views and predictions expressed by analysts are their own and do not constitute financial advice. The Bit Journal encourages all investors to conduct thorough research before making any investment decisions. 
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Seasoned Analyst Predicts a 180% Rally for This Meme Coin!

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The Bit Journal

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