NewsBTC

21 March 2025

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Analysts Predict Dogecoin Could Surge 16% Following Technical Breakouts

Analysts Ali Martinez and CW have published technical analyses indicating a potential price movement for Dogecoin (DOGE).

Dogecoin Price Analysis

• Ali Martinez's 1-hour chart shows DOGE trading in a symmetrical triangle, with resistance near $0.18 and support around $0.144.
• Martinez highlights the $0.16–$0.18 range as critical; a close above this zone could trigger a 16% price increase from the breakout point.
• CW's daily chart reveals a falling wedge formation, suggesting a bullish reversal after DOGE broke above the downward resistance line.
• CW identifies key Fibonacci retracement levels: $0.2027, $0.2564, $0.2999, $0.3433, $0.40513, and $0.4839, which may act as price floors or ceilings.
• CW anticipates that DOGE could reach the 1.618 Fibonacci extension at $0.71 if the market remains favorable.

Current DOGE price stands at $0.17.