Dogecoin

Captain

Rekt (rektarb.xyz)

Rekt

<p><a href="https://captainaltcoin.com/meme-coin-whales-accumulate-dogecoin-as-top-analysts-predict-money-rotation-from-xrp-to-doge/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> displays potential bullish momentum as crypto analysts identify a correlation between DOGE and Bitcoin price movements.&nbsp;</p>
<p>Trading experts Captain Faibik and Rekt Capital share technical analyses suggesting DOGE could target higher price levels. This comes with particular attention to symmetrical triangle patterns and ascending support levels.</p>
<h2 class="wp-block-heading" id="strong-pattern-suggests-potential-doge-movement-strong"><strong>Pattern Suggests Potential DOGE Movement</strong></h2>
<p>The DOGE chart by Captain Faibik exhibits a symmetrical triangle formation on the 4-hour chart. The pattern shows convergence between higher lows and lower highs, with support near $0.38 and resistance around $0.44.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="579" src="https://captainaltcoin.com/wp-content/uploads/2024/12/GeACWTRW4AAkbzz-1024x579.jpeg" alt="" class="wp-image-593654" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/GeACWTRW4AAkbzz-1024x579.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/GeACWTRW4AAkbzz-300x170.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/GeACWTRW4AAkbzz-767x434.jpeg 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/GeACWTRW4AAkbzz-1536x869.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/GeACWTRW4AAkbzz-2048x1158.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/GeACWTRW4AAkbzz-265x150.jpeg 265w, https://captainaltcoin.com/wp-content/uploads/2024/12/GeACWTRW4AAkbzz-100x57.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/GeACWTRW4AAkbzz-619x350.jpeg 619w, https://captainaltcoin.com/wp-content/uploads/2024/12/GeACWTRW4AAkbzz-788x445.jpeg 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Source: <a href="https://x.com/CryptoFaibik/status/1864493138724753913" target="_blank" rel="noopener noreferrer nofollow">Captain Faibik</a>
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<p>The chart indicates steady buying pressure at the support trendline, while sellers maintain pressure at the resistance level.</p>
<p>The technical formation suggests a possible price movement, as symmetrical triangles often precede market directional shifts. Trading volume within this pattern demonstrates reduced volatility, a characteristic that typically occurs before price breakouts.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/analyst-says-polkadot-is-growing-fast-predicts-dot-price-surge-to-50/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Analyst Says Polkadot is ‘Growing Fast,’ Predicts DOT Price Surge to $50</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-bitcoin-correlation-drives-doge-price-action-strong"><strong>Bitcoin Correlation Drives DOGE Price Action</strong></h2>
<p>Rekt Capital’s analysis points to DOGE’s historical tendency to mirror <a href="https://www.reuters.com/technology/view-bitcoin-surges-above-100000-2024-12-05/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price</a> movements.&nbsp;</p>
<p>The analyst notes DOGE currently tests the upper boundary of an ascending triangle as support. This technical setup aligns with broader market observations of Bitcoin’s influence on altcoin prices.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a><br><br>Dogecoin has followed every Bitcoin thus far<br><br>Now retesting the top of the Ascending Triangle as support<br><br>Successful retest here is crucial to precede a confirmed breakout<a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#DOGE</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Dogecoin</a> <a href="https://t.co/gXSvtBcixg" target="_blank" rel="noopener noreferrer nofollow">https://t.co/gXSvtBcixg</a> <a href="https://t.co/OHLrz6ruMP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/OHLrz6ruMP</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1864583794532946152?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 5, 2024</a>
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<h2 class="wp-block-heading" id="strong-price-targets-and-support-zones-strong"><strong>Price Targets and Support Zones</strong></h2>
<p>Technical data reveals multiple price zones for DOGE traders to monitor. The $0.38-$0.39 range serves as immediate support, backed by the ascending trendline. Should prices decline, $0.35 emerges as a secondary support level.&nbsp;</p>
<p>On the upside, Captain Faibik projects a target of $0.60, representing a potential 39.90% gain<a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow"> from current levels</a>. The measured move calculation, derived from the triangle pattern’s base height, supports this upside target.&nbsp;</p>
<p>However, DOGE must first overcome the $0.44 resistance level to validate the bullish scenario. Market participants continue to watch these technical levels for confirmation of either bullish or bearish moves.</p>
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<p>The post <a href="https://captainaltcoin.com/can-dogecoin-doge-breach-0-6-expert-links-the-memecoins-moves-to-bitcoin/" rel="noopener noreferrer nofollow">Can Dogecoin (DOGE) Breach $0.6? Expert Links the Memecoin’s Moves to Bitcoin</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Can Dogecoin (DOGE) Breach $0.6? Expert Links the Memecoin’s Moves to Bitcoin

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