Источник Bitcoinist.com
Заголовок Crypto Analyst Says Dogecoin Breaking This Level Will ‘Get The Party Started’
Дата 20240917

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Crypto Analyst Says Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Breaking This Level WillGet The Party
Started

Crypto Analyst Says Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Breaking This Level WillGet The Party
Started

by Scott Matherson

3 mins ago

in Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin

0

Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin maintains its position as one of the most beloved altcoins in the
crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
, and the decline over the last few months has not eroded the
bullish expectations for the meme coin . Analysts have continued to point out
that the DOGE price is forming multiple bullish patterns on its chart and
believe that the price is destined to go higher. A new prediction from crypto
analyst DaanCrypto has added to the bullish expectations as the analyst
forecasts a price jump.

Levels To Watch For Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin

For the better part of the year 2024, the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price has been in a
downtrend and has broken below multiple trend lines. Even the $0.1 was unable
to properly withstand the mounting bearish pressure and eventually succumbed
in September. However, the worst may be over for the meme coin as optics are
starting to look up again.

Related Reading: XRP Scores Robinhood Listing After Grayscale Launch, Catalyst
To Send Price Above $1?

Crypto analyst DaanCrypto took to X (formerly Twitter) to inform the community
that the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price is finally breaking out of its down trend line. This
down trend line has plagued the price throughout this year, but a break out of
it is ultimately bullish for the DOGE price.

While this break is forming, there are multiple levels that the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price
will need to hold and also break in order to have complete confirmation. On
the bottom side, the crypto analyst explains that if the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта’s
price can hold support at $0.105, then it is a good sign for the price. On the
other end of the spectrum, the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price will have to clear the
resistance at $0.12 for confirmation of the uptrend.

If both the support level is held and the $0.12 is cleared, then the crypto
analyst believes that this willget the party started.” However, if the
support does not hold, then it is possible that the downtrend does continue
and Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin could risk falling to $0.09 once again.

$DOGE Breaking out of the down trend line it has been trading below since
March this year.

Needs to hold on to $0.105 and clear $0.12 to get the party started.
pic.twitter.com/nPbatv78Vt

— Daan Crypto Trades (@DaanCrypto) September 15, 2024

Overlooking A Bullish Quarter

The second and third quarters of 2024 have so far been bearish for the
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price , but with September drawing to a close, there is the
possibility that the meme coin is about to enter one of the most bullish
quarters of the year. So far, October has been very bullish and this year may
not be any different.

Related Reading: Shiba Inu Team Members Reveals The Best Way To Burn SHIB And
Reduce Supply

According to data from the CryptoRank website, average returns for Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin in
the months of October is +8.59% and if this holds, then the DOGE price could
be headed for above $0.12. This could carry straight through to the end of the
year as the market is expected to enter another bull run. DOGE price reclaims
$0.1 | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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