Analyst Sets Dogecoin Price Target at $0.197 as Triangle Forms
Crypto analyst CobraVanguard identified a price target of $0.197 for Dogecoin as an ascending triangle forms. A breakout above $0.177 is necessary to confirm this upward trend.
Key Points
- Price target set at $0.197 with a confirmed breakout needed above $0.177.
- Dogecoin shows signs of recovery, aligning with Bitcoin's bullish momentum.
- 76.26% of Binance futures traders are bullish on Dogecoin.
- Whales purchased over 120 million DOGE last week, indicating strong buying interest.
- Analyst Trader Tardigrade noted a shift in Dogecoin’s market structure from downtrend to uptrend.
- Potential long-term targets discussed range from $4 to $20 if support levels hold.
- Current Dogecoin price is approximately $0.174, reflecting a 3% increase in the last 24 hours.
