Dogecoin ($DOGE) is once again making headlines. Two well-known crypto analysts have recently shared their bullish predictions for the meme-inspired cryptocurrency on Twitter, hinting at a potential breakout that could see Dogecoin reaching the $1 mark.
Crypto Tony, a top-notch analyst with a significant following on Twitter, recently shared his insights on Dogecoin’s current market position.
“Once we flip this current supply zone on #DOGE into support, we can then all start longing and singing WHO LET THE $DOGE OUT WHO WHO WHO 🐶,” he tweeted.
This statement suggests that if Dogecoin can turn its current resistance level into a support level, it could trigger a bullish trend.
In a similar vein, World Of Charts, another famous Twitter analyst known for their technical analysis expertise, also shared a positive outlook on Dogecoin’s future. The well-known trader pointed out that Dogecoin has formed a “textbook symmetrical triangle” in its weekly timeframe, a technical pattern often associated with strong bullish movements.
“Indicators are showing bulls’ strength. Massive volume coming in. In case of breakout, expecting a massive bullish rally ✅,” World Of Charts tweeted.
The analyst further added that a successful breakout could potentially push Dogecoin’s price towards the $1 mark.
These predictions come at a time when the cryptocurrency market is showing signs of recovery, with several major cryptocurrencies, including Bitcoin and Ethereum, experiencing price surges. If these predictions hold true, Dogecoin could join the ranks of these high-performing cryptocurrencies, marking another milestone in its remarkable journey from a meme to a major player in the crypto market.
The price of Dogecoin (DOGE) is $0.073703 today with a 24-hour trading volume of $1,237,117,741.81. This represents a 5.28% price increase in the last 24 hours and a 12.53% price increase in the past 7 days. With a circulating supply of 140 Billion DOGE, Dogecoin is valued at a market cap of $10,327,548,685.
As the crypto market continues to evolve, all eyes will be on Dogecoin to see if it can live up to these bullish predictions. For now, the Dogecoin community seems to be echoing Crypto Tony’s sentiment, eagerly awaiting the moment they can sing, “Who let the Doge out?”
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