#AltcoinTrade Recent technical analyses indicate a strong potential for the price of Dogecoin (DOGE) to rise after it formed a "diamond bottom" pattern on the daily chart, which is considered a signal for a reversal from a bearish to a bullish trend. Analyst Tardigrade suggests that the current price ($0.17) may be at its lowest, while analyst Galaxy sees that the weekly chart shows higher highs and lows for the first time since 2024 after a 600-day accumulation period.
On the other hand, global economic conditions (concerns about stagflation in the United States due to trade policies and rising inflation) threaten the growth of high-risk assets like cryptocurrencies. However, surpassing the $100,000 level for Bitcoin is believed to support a Dogecoin recovery, especially if the latter exceeds the $0.20 barrier, which could push it towards $0.28.
The anticipated strong rally depends on the improvement of financial conditions (such as interest rate cuts), which typically boost alternative currency markets. Investors are advised to monitor Bitcoin developments and U.S. economic data to determine the optimal timing for buying.