#Dogecoin 🔥Analyst Predicts Dogecoin Price Rally To 💥🚀$6.24 If This Condition Holds💯

Market data shows that Dogecoin’s (DOGE) price has consolidated in the last few days. Amid the sustained price outlook, analysts forecast a significant price rally for the memecoin if key conditions are met. These conditions hinge on the broader crypto industry’s macro trend and a potential Dogecoin ETF approval.#DogeRocket

On Wednesday, crypto analyst Ali Martinez shared in an X post that DOGE trades within an ascending parallel channel. He also hinted that as long as the $0.16 support level holds, a breakout toward $2.74 or even $6.24 remains a possibility.#DogecoinDay

According to CoinMarketCap data, Dogecoin is ranked 9th in the global digital assets market. The coin is trading at $0.2039, gaining 2.47% in the past 24 hours.

Since its introduction to the market, the memecoin has sustained a strong market presence. This is because it is backed by a loyal community and increasing whale interest.#Doge🚀🚀🚀

Furthermore, Ali Martinez’s technical analysis reveals that DOGE price trades within a well-defined parallel channel. Historically, when Dogecoin consolidates in such a pattern, it often experiences significant breakouts. #DOGEUSDT

If the DOGE price maintains support above $0.16, it could target $2.74 in the mid-channel and reach $6.24 at the upper boundary.$DOGE