Dogecoin Price Targets $0.28 as Next Milestone for Breakout
Crypto analyst Dima Potts identified $0.28 as the next key price level for DOGE on its path to a new all-time high (ATH). He noted that DOGE is expected to approach this price range, similar to patterns observed in previous cycles.
Key Insights on DOGE Price Action
- $0.28 marks a significant milestone for DOGE as it seeks ATH.
- Volatility is expected to increase beyond this price point, with consolidation before reaching new yearly highs.
- $0.25 serves as short-term support, reflecting trends from the 2017 cycle.
- Potts anticipates potential for DOGE to rally significantly, possibly exceeding $10, mirroring past performance.
- Analyst Kevin Capital noted DOGE's struggle to surpass $0.28, which aligns with macro resistance levels.
- Trader Tardigrade described DOGE's current phase as “boring,” predicting tight consolidation before a potential rally above $1.
- Kevin Capital emphasized the need for DOGE to close above $0.30 to regain bullish sentiment.
Currently, DOGE is trading around $0.25, reflecting a decrease in the last 24 hours.