As a seasoned crypto investor with over a decade of experience in this wild and unpredictable market, I find myself intrigued by the recent predictions made by analysts Ali Martinez and Bluntz Capital regarding Dogecoin (DOGE). Having witnessed Bitcoin‘s meteoric rise from pennies to tens of thousands of dollars, I have learned to take such forecasts with a grain of salt, yet I can’t help but feel a twinge of excitement at the prospect of DOGE reaching $18 or even $0.90.
A prominent cryptocurrency analyst has recently suggested that the leading meme-inspired cryptocurrency could soon see a massive cryptocurrency price rise “if things go wild,” with the cryptocurrency having the potential to surge to $18.
On a well-known social media site called X (previously recognized as Twitter), well-known crypto analyst Ali Martinez posted an update indicating that we are still in the early stages of the Dogecoin (DOGE) bull market. He expressed his intention to purchase during the recent price drop, ranging from $0.3 to $0.4 per token, with a projected rise potentially reaching the $18 level.
The cryptocurrency lost around 8% of its value over the past 24 hours amid a wider cryptocurrency market downturn to now trade at $0.4 per token.
Despite all expectations, the meme-based cryptocurrency has soared over 290% in the past year, rising from approximately $0.09 to its present value. It reached a peak of $0.476 earlier this month but subsequently corrected.
According to CryptoGlobe, a well-known cryptocurrency analyst who correctly predicted Bitcoin’s 2018 bear market bottom at over $3,000 has now expressed his belief that Dogecoin, the meme-based crypto, might experience a sharp price increase soon.
On popular microblogging site X, analyst Bluntz Capital predicted to his 300,000 followers that Dogecoin (DOGE) might experience a strong surge and potentially surpass Bitcoin if it successfully breaches a three-week buildup trend.
According to CryptoGlobe’s latest report, the analyst has expressed confidence that the value of Dogecoin (DOGE) could potentially quadruple during the final month of this market rally, as it typically does.
As per Bluntz’s analysis, the secret to overcoming this rise is found in Dogecoin’s capacity to surpass its current diagonal resistance level approximately at $0.50, according to his findings.
After overcoming this obstacle, he anticipates a strong and rapid price surge similar to the coin’s past breakout. A chart presented by Bluntz seems to suggest his belief that Dogecoin will hit a new record high surpassing $0.90.
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2024-12-11 00:02