Dodgecoin (DOGE) Price Analysis

The Dogecoin price has witnessed a massive rally in the past 30 days that elevated the price levels from the consolidation below $0.1 to levels above $0.45. The 350% jump in its value and a 1000% rise in the trading volume suggest the bulls have entered the ring. This move also increased the market capitalisation of the token from less than a billion to as high as $68.78 billion. However, the token remains at the edge of a major explosion and hence the upcoming rally may push the token into the $100B elite club.
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As seen in the above chart, the DOGE price is primed for a similar upswing that it experienced in the last 30 days. Meanwhile, the volume has contracted, compelling the price to hover within a narrow range while sustaining the gains. Soon after the BTC price kicks out of consolidation, the DOGE price is expected to break the resistance of the rising parallel channel. Besides, the MACD suggests a continuation of the prevailing consolidation, while the bullish divergence in RSI offers some hope.

Therefore, the price is expected to rise and remain consolidated along the average bands until the market breaks out. The upcoming move may not only make Dogecoin a $100B asset but also help the price achieve the $1 milestone.

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eve****@email.com
🤣🤣🤣 you're just a funny little doge
2024-12-11 17:07Reply1
数字资产管理师
What is your opinion about this?
2024-12-11 16:43Reply1
lou****@gmail.com
你是真狗啊
2024-12-11 16:29Reply1
ali****@hotmail.com
你是不是被割过了？
2024-12-11 16:22Reply1
直线上涨
会不会爆
2024-12-11 16:22Reply1

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Dodgecoin (DOGE) Price Analysis

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