The TradingView analyst allocated bull setting in Dogecoin, predicting 30% growth to $ 0.43, if he successfully breaks through due to key resistance.
Dogecoin continued to attract the attention of traders due to wider market optimism and growing speculation regarding its prospects. Crypto, based on memes, remained closely related to Elon Mask business enterprises, benefiting from its use in companies related to musk and its vocal support.
In addition, recent events have strengthened interest in DOGE, especially in relation to the potential Dogecoin ETF. As a result, the trust of investors in Dogecoin remains high, with a growing expectation of its next significant increase in prices.
Can Dogecoin recover up to $ 0.43?
For example, TradingView analyst recently shared a 12-hour Dogecoin trading table, illustrating the historical price movement along with technical indicators.
The diagram displayed the descending channel, which indicates that Dogecoin experiences lower maximums and lower minimums. According to For him, technical indicators have become more positive, suggesting a potential breakthrough from this model.
The key level of resistance at 0.43 US dollars was identified and marked as a significant target price for crypto. At the current price of $ 0.3312, Dogecoin should have risen by about 29.83%to achieve this goal.
Meanwhile, the previous analysis revealed Dogecoin trade in a parallel channel, which reflects a gradual mood. At that time analyst proposed This maintenance of support and destruction of the trend line can see how Dogecoin rises to $ 0.49.
Other analysts weigh
Other market analysts weighed Dogecoin’s indicators against the background of ongoing market fluctuations. Ali Martinez, a famous analyst, Interrogated Justification of bets against Dogecoin, referring to his historical ability to deliver quick prices.
The analyst referred to the work of Dogecoin in January 2021, when cryptocurrency increased by 900% within 48 hours. His comment has gained relevance, given the constant uncertainty of the market and the recent fight against Dogecoin.
In another place, Analyst Javon Marks Updated his prospects For Dogecoin, predicting a potential surge of 600%, which can increase the price to $ 2.28. Assessments analyzed historical price cycles, identifying three different stages of accumulation: breakthrough, rising prices and correction.
Based on these models, he suggested that Dogecoin remains on the way to another bull movement.
