Dogecoin

Memecoin

The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/analyst-predicts-dogecoin-doge-surge-to-3-is-it-realistic/" rel="noopener noreferrer nofollow">Analyst Predicts Dogecoin (DOGE) Surge to $3: Is It Realistic?</a><a href="https://cryptosnewss.com/david-sacks-named-white-house-ai-and-crypto-czar/" rel="noopener noreferrer nofollow"> </a>appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.The Dogecoin price has witnessed a notable decline amidst this wider bloodbath, as it is currently down by 8% in 24 hours. Nonetheless, Dogecoin continues to attract bullish sentiment despite the market crash.Cryptocurrency prices have declined massively in the past 24 hours, with the global crypto market cap declining by a little over 4% in the past day. Notably, this decline has seen over $1.75 billion worth of crypto positions liquidated in the past 24 hours, according to <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">CoinGlass data,</a> with $1.56 billion of these coming in long positions.<h2 id="header-0">Analyst Says Dogecoin Price Target Still Remains $3</h2>Despite the recent correction, crypto analyst Ali Martinez has reaffirmed his ambitious price target for Dogecoin, <a href="https://x.com/ali_charts/status/1866244683661283586" rel="noopener noreferrer nofollow">sharing his insights</a> on the platform X. According to Martinez, the ongoing market correction presents an opportunity rather than a setback, and Dogecoin is still in the early stages of its bull cycle.Martinez emphasized his long-term optimism for <a href="https://cryptosnewss.com/dogecoin-price-trends-strategies-for-smart-exits/" rel="noopener noreferrer nofollow">Dogecoin</a>, highlighting a specific price range as a strategic buying zone. His outlook emphasizes that despite the current “crypto market bloodbath,” Dogecoin’s fundamentals and growth potential remain intact. With this in mind, Martinez’s suggested accumulation range lies between $0.30 and $0.40. These are levels that look favorable for those aiming to capitalize on Dogecoin’s trajectory.This accumulation range is highlighted by an uptrend channel through a Dogecoin weekly candlestick chart that accompanied his prediction. According to the price chart, the Dogecoin price has been trading in an uptrend channel since 2017, which has seen a consistent pattern of higher highs and higher lows.Recent market dynamics in the past few months have seen the Dogecoin price embark on an upward move in the uptrend channel. As it stands, the primary target is $3, which has significance in the uptrend channel. This is largely because if the Dogecoin price were to reach the middle of this channel this cycle, it would translate to a price range just below $3.<h2 id="header-1">The Bigger Picture</h2>Martinez’s analysis extends beyond the $3 target, hinting at even greater possibilities in the event of an extraordinary rally. While $3 remains the immediate goal, he suggested that the Dogecoin price could reach as high as $18 in the current cycle. This higher target aligns with the technical framework of Dogecoin’s established uptrend channel, where $18 corresponds to the channel’s upper boundary.At the time of writing, Dogecoin is trading at $0.408, reflecting a slight recovery from a recent dip to $0.388 in the past trading day. If Dogecoin manages to maintain its position within this ascending channel and break through key resistance levels, we could see the <a href="https://cryptosnewss.com/category/meme-coin/" rel="noopener noreferrer nofollow">meme coin</a> reaching new all-time highs very soon.Speaking of a quick new all-time high, the general consensus is that Dogecoin is still on track to breaching $0.7316 very soon. Crypto analyst Cantonese Cat cautioned investors to be prepared for rapid movements as technical indicators suggest that the Dogecoin price could reach $1 or $2 sooner than expected.The post <a href="https://cryptosnewss.com/analyst-predicts-dogecoin-doge-surge-to-3-is-it-realistic/" rel="noopener noreferrer nofollow">Analyst Predicts Dogecoin (DOGE) Surge to $3: Is It Realistic?</a> appeared first on <a href="https://cryptosnewss.com" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Analyst Predicts Dogecoin (DOGE) Surge to $3: Is It Realistic?

Table of Contents

Cryptos Newss

Other articles published on Dec 11, 2024

Ex-Regulated Fund Manager Calls XRP, XLM, XDC the Greatest For Generational Wealth

This Trader Makes Shocking XRP and HBAR Price Predictions for 2025 and Beyond

KOMA up 200% following DWF Labs backing and exchange listings

XT Exchange Suspends Withdrawals After $1.7M Hack

SHIB Coin Set for Major Price Surge

Who is the Upcoming White House AI and Crypto Czar, David Sacks?

Join our free newsletter for daily crypto updates!