Lokesh Gupta
09-03-2024
After maintaining levels above $0.90, Dogecoin has recently surged significantly by 85%.
#Dogecoin hit $0.206, breaking resistance, maintaining gains above $0.16, marking a two-year high.
Dogecoin's price rose from $0.09 on Feb. 26, briefly exceeding $0.20 resistance before retracing.
Buyer interest above $0.17 might retest $0.20, potentially signaling uptrend continuation towards $0.30.
Chart similarities suggest Dogecoin's current price pattern mirrors prior bull markets in 2017 and 2021, where significant price jumps followed periods of consolidation.
Price rallies often follow periods of range trading, suggesting stability before an upward trend.
$DOGE might see a parabolic breakout in mid-April, possibly surpassing $1, marking a remarkable 525% increase from its current price of $0.17.
If #Dogecoin retraces from current levels, it could find support at $0.12, where buyers may enter the market.
Based on historical trends, Coingabbar's Price Analysis suggests that Dogecoin might hit $1.
KEY LEVELS :
RESISTANCE LEVEL : $0.20000-$0.30000
SUPPORT LEVEL : $0.120000-$0.100000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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