Dogecoin

bullish

2024

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Dogecoin, one of the biggest crypto winners this month, has shown a 76.71% spike in trading volume, according to CoinGlass <a href="https://www.coinglass.com/currencies/DOGE" rel="noopener noreferrer nofollow">data</a>.
Dogecoin momentum is supported by massive whale activity. Recently, Whale Alert reported a $120 million DOGE transfer to an unknown wallet.
<blockquote class="twitter-tweet">
 🚨 🚨 🚨 🚨 🚨 300,000,000 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (121,375,564 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/RwNlh59LhY" rel="noopener noreferrer nofollow">https://t.co/RwNlh59LhY</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1862387498309009865?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 29, 2024</a>
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The DOGE price has shown remarkable 150% growth in November. DOGE monthly returnshave reached 167% in this month.
<h2 id="dogecoin-price-prediction">Dogecoin price prediction</h2>
Veteran trader Brandt has recently <a href="https://twitter.com/PeterLBrandt/status/1862097630261657778?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">shared</a> his view on the future of the DOGE price.
According to Brandt, Dogecoin's chart shows an inverted head-and-shoulders pattern, which could mean that it is going back to its all-time high near $0.73.
The DOGE price could also be forming an "upsloping flag," a technical pattern often associated with continuation trends. If the flag is completed, it could mean a price target of around $0.66, which would fit with the ongoing bullish momentum.
Dogecoin (DOGE) has recently experienced significant bullish momentum, highlighted by a golden cross — a technical pattern where the 50-day moving average crosses above the 200-day moving average.
Historically, this formation signals strong upward trends and has often preceded major price rallies. DOGE's price has surged, breaking through resistance levels at $0.22 and $0.30, with rising trading volumes further validating this momentum.
Peter Brandt noted DOGE’s adherence to classical charting principles. He highlighted a similarity between its current price action and a pattern observed in 2020, where a sideways accumulation phase evolved into an inverse head-and-shoulders formation.
<blockquote class="twitter-tweet">
 DOGE <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> has been an outstanding charting market following classical charting principles I am going to follow up in a few hours with a comparison chart that will blow your mind (as long as I remember to do so at age 78) <a href="https://t.co/xKuLflPgea" rel="noopener noreferrer nofollow">pic.twitter.com/xKuLflPgea</a>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1856499088918766063?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 13, 2024</a>
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This same pattern in 2024 has contributed to DOGE’s massive 190% rally. Brandt's analysis underscores the technical strength behind Dogecoin's recent performance, suggesting the potential for sustained bullish trends. <a href="https://u.today/dogecoin-doge-skyrockets-76-in-volume-something-big-coming" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Dogecoin (DOGE) Skyrockets 76% in Volume: Something Big Coming?

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