Dogecoin Price Analysis: DOGE Price Poised To Surge 15% Soon – NewsTo
Dogecoin Price Analysis: DOGE Price Poised To Surge 15% Soon

Dogecoin Price Analysis: DOGE Price Poised To Surge 15% Soon



Dogecoin (DOGE) Price Wants a Breakout

The post Dogecoin Price Analysis: DOGE Price Poised To Surge 15% Soon appeared first on Coinpedia Fintech News

Dogecoin (DOGE) remains the undisputed king of meme coins, thanks to the unwavering support from the tech billionaire Elon Musk. As a derivative of Bitcoin, and Litecoin, Dogecoin has enjoyed significant attention from the crypto miners as depicted by its rising difficulty and hash rate. Notably, on-chain data shows Dogecoin has more than 5.8 million holders, with most of them long-term holders.

Despite a memecoin frenzy rocking the crypto market in the past few months, the Dogecoin price remained relatively calm. However, popular digital asset analyst Crypto Tony thinks the Dogecoin market is about to flip and rally in the coming weeks. In his latest Dogecoin analysis, the analyst noted that the meme coin is retesting a crucial resistance level that once acted as a strong support zone. 

As a result, the analyst highlighted that the meme lord must convert the current resistance level to a support level for the short-term bulls to have control. 

The highly anticipated altcoin season could materialize in the coming months of Bitcoin dominance reverse from its rising trend. Nonetheless, the altcoin industry could rally in tandem with Bitcoin as smart money enters the industry during the bear market. All in all, the Dogecoin recovery is largely dependent if the meme lord will hold its macro support level around $0.054.



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