Lokesh Gupta
28-02-2024
#Dogecoin Bitcoin is nearing the $60,000 mark, reinforcing its dominance in the market, while Dogecoin has reached $0.1 after a two-month hiatus.
$DOGE's price has surged by over 3.50% in the last day and around 15% in the past week.
From December 2013 to May 2015, Dogecoin's weekly chart exhibited a declining wedge pattern.
Between January 2018 and February 2019, Dogecoin exhibited a comparable pattern, forming yet another falling wedge.
Between May 2021 and June 2022, another falling wedge pattern emerged, signaling Dogecoin's consolidation phase.
If historical patterns persist, the current consolidation period may conclude in April 2024, potentially triggering another bullish market for #Dogecoin.
Analysts suggest that #Dogecoin's price trends mirror those seen in previous bull markets, indicating a probable parabolic breakthrough in April.
According to Coingabbar Price Analysis, Considering historical trends, there's a chance that Dogecoin could achieve a value of $1.
KEY LEVELS :
RESISTANCE LEVEL : $0.20000-$0.35000
SUPPORT LEVEL : $0.07500-$0.05000
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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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