DOGECOIN (DOGE) PRICE ANALYSIS AND NEXT PRICE TARGET
After a period of consolidation, Dogecoin is once again showing signs of strength. Boosted by rising volumes and interest from influential investors, the memecoin could be aiming for unexpected highs. Should we expect a price explosion in the coming weeks?
Dogecoin attracts institutional attention
The cryptocurrency market has seen a slight decline over the past 24 hours, with Bitcoin (BTC) falling back below $105,000. Despite this decline, the total crypto market capitalization remains high, approaching $3.4 trillion. The price of Dogecoin, meanwhile, has fallen by approximately 3%.
How high do analysts think DOGE can go?
The price of Dogecoin continues to signal bullish sentiment, amid growing calls for an "altseason" in 2025. Furthermore, Bitcoin's dominance has encountered significant resistance around 65%. This suggests an imminent trend reversal.
From a technical perspective, the price of DOGE is about to begin a new rally towards its previous all-time high. On the daily timeframe, the price has already successfully broken out of a descending triangle pattern. This confirms the foundations for an upcoming parabolic curve. Holding above $0.26 will pave the way for an imminent parabolic rally beyond $1 in the near future.
#MarketRebound #CryptoCharts101 #TradingMistakes101 #CryptoSecurity101 #USChinaTradeTalks
