🚀 Dogecoin (DOGE) Analysis: Is a $15 Target on the Horizon? 🚀

Dogecoin (DOGE) has caught the market’s attention as 5.8 billion tokens became active and changed hands, signaling a potential shift in sentiment, according to analyst Ali (@ali_charts).

🔹 Current Price & Market Activity:

Trading at $0.4056

24-hour volume: $4.41 billion

Weekly decline: 1.40%

🔍 Historical Cycles Suggest a Breakout

Analysts like JAVONMARKS highlight Dogecoin's historical patterns, where periods of consolidation have led to significant breakouts:

1️⃣ 2014–2017: Consolidation → Rally to $0.015

2️⃣ 2017–2021: Breakout to ATH of $0.739

3️⃣ 2021–Present: Final consolidation phase before new highs?

Projections:

Near-term target: $0.739

Longer-term range: $3 to $15

📈 Technical Outlook:

Support: $0.38

Resistance: $0.42

Bollinger Bands narrowing → Potential big move ahead.

MACD remains bearish, but a breakout above $0.42 could reverse momentum and trigger upward buying pressure.

📊 On-Chain Activity Surges:

Active Addresses: +111.32% (145.86K total)

New Addresses: +102.40%

Growing network activity reflects rising investor interest and asset transfers.

As Dogecoin consolidates, the combination of historical trends, technical signals, and network growth points toward a possible major move. Will DOGE retest its previous highs and aim for $15?

🔗 ID: 565863902

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