Dogecoin (DOGE) Rises 30% in a Week: What Are the Next Targets?

Dogecoin ist in einer Woche um etwa 30 % auf knapp 0,09 US-Dollar gestiegen und hat ein Drei-Monats-Hoch erreicht; Analysten sehen weiteres Potenzial, mit Zielen bis zu 0,177 US-Dollar oder sogar einem neuen Allzeithoch. Die Marktstimmung wird durch Wal-Akkumulation und ein bullisches Kaufsignal gestützt.| The OG meme COIN followed the green wave sweeping through the cryptocurrency sector, with its price climbing to a nearly three-month high. Some analysts think the token is set for a relatively mild increase ahead, while others foresee an explosion to a new ALL-time high. What’s Next? DOGE currently trades just south of $0.09, representing roughly a 30% pump from a week ago. It remains the biggest meme COIN and even widened the gap between itself and Shiba Inu after its market capitalization neared $14 billion. Not long ago, Ali Martinez identified $0.0813 as KEY resistance, where more than 30 million DOGE were previously traded. HE believes a sustained close above this level (as it happened) could result in a further upside, setting the next target at around $0.177. In addition, the analyst outlined numerous factors that point to a bullish move ahead. Among those are the whales’ accumulation and the Tom DeMark Sequential indicator, which flashed a buy signal. Martinez’s prediction is modest compared to those of many other analysts. X user MikybullCrypto envisioned an “explosive move ON the horizon” that could result in a pump to $3. Vuori Trading was even more bullish, opining that DOGE is “most likely going to $10.” It is worth noting that such an ascent would require the meme COIN’s market capitalization to surpass $1.5 trillion. Even with the recent crypto boom, that type of increase seems quite unrealistic (to put it mildly). The KEY Formation Approximately a week ago, X user The Great Mattsby paid attention to Dogecoin’s Bollinger Bands. They noted that the channels have tightened and wondered whether this isn’t the biggest squeeze in the asset’s history. Such a setup usually occurs during periods of LOW volatility and could be a precursor to a major move (though the direction is unclear, as it may also lead to a violent pullback). At the moment, it seems the squeeze was followed by a significant pump, but who knows what the future holds. In the meantime, certain elements suggest a correction could be ON the way. DOGE inflows into exchanges have surpassed outflows over the past several days, suggesting that some investors have abandoned self-custody and flocked to centralized platforms. This increases the immediate selling pressure and could negatively impact the price in the short term. DOGE Exchange Netflow, Source: CoinGlass The post Dogecoin (DOGE) Rises 30% in a Week: What Are the Next Targets? appeared first ON CryptoPotato .