🚀 Dogecoin (DOGE) Analysis: Is a $15 Target on the Horizon? 🚀
Dogecoin (DOGE) has caught the market’s attention as 5.8 billion tokens became active and changed hands, signaling a potential shift in sentiment, according to analyst Ali (@ali_charts).
🔹 Current Price & Market Activity:
Trading at $0.4056
24-hour volume: $4.41 billion
Weekly decline: 1.40%
🔍 Historical Cycles Suggest a Breakout
Analysts like JAVONMARKS highlight Dogecoin's historical patterns, where periods of consolidation have led to significant breakouts:
1️⃣ 2014–2017: Consolidation → Rally to $0.015
2️⃣ 2017–2021: Breakout to ATH of $0.739
3️⃣ 2021–Present: Final consolidation phase before new highs?
Projections:
Near-term target: $0.739
Longer-term range: $3 to $15
📈 Technical Outlook:
Support: $0.38
Resistance: $0.42
Bollinger Bands narrowing → Potential big move ahead.
MACD remains bearish, but a breakout above $0.42 could reverse momentum and trigger upward buying pressure.
📊 On-Chain Activity Surges:
Active Addresses: +111.32% (145.86K total)
New Addresses: +102.40%
Growing network activity reflects rising investor interest and asset transfers.
As Dogecoin consolidates, the combination of historical trends, technical signals, and network growth points toward a possible major move. Will DOGE retest its previous highs and aim for $15?
🔗 ID: 565863902
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