Analyst Projects Dogecoin Price Could Surge to $4 Amid Support Levels
The Dogecoin price has decreased by 10% in the last week, currently sitting above $0.24. A bullish pattern noted by analyst Ali Martinez may signal a potential breakout to a new all-time high of $4.
DOGE Price Analysis
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<li Dogecoin has been trading within an ascending channel since 2014.
<li This channel features upward-sloping trendlines for support and resistance.
<li If the $0.19 support holds, a rally could occur, representing over a 1,500% increase from current levels.
<li A breach below $0.19 may lead to a drop towards $0.06.
<li Market sentiments suggest that larger-cap assets like Dogecoin might lead the altcoin season.
Currently, Dogecoin reflects a decline of nearly 5% in the past 24 hours and over 10% for the week, indicating continued bearish pressure.
