Dogecoin

<a href="https://bitcoinist.com/bullish-cardano-metric-signals-upcoming-75-rally-toward-1/">Crypto analyst Ali Martinez</a> has provided a bullish narrative for the foremost meme coin, Dogecoin (DOGE). Based on his recent analysis, there is a likelihood that <a href="https://bitcoinist.com/analyst-predicts-when-dogecoin-will-reach-1/">Dogecoin can hit $1</a> sooner rather than later.&nbsp; 
<h2 id="dogecoin-s-chart-flashes-buy-signal">Dogecoin’s Chart Flashes Buy Signal</h2> 
<a href="https://bitcoinist.com/bitcoin-push-beyond-50000-era-hope-what-comes-next/">Martinez</a> mentioned in an X (formerly Twitter) <a href="https://x.com/ali_charts/status/1781994369316225274" rel="nofollow" target="_blank">post</a> that the TD Sequential has flashed a buy signal on the <a href="https://bitcoinist.com/dogecoin-shiba-inu-meme-coins/">Dogecoin</a> daily chart. This indicates that the meme coin could experience an “upswing of one to four days,” the analyst claimed. In a subsequent <a href="https://x.com/ali_charts/status/1781994369316225274" rel="nofollow" target="_blank">X post</a>, Martinez offered a more bullish outlook for DOGE, suggesting that the upward trend could last longer.&nbsp; 
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-295888 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2024/04/Dogecoin_b5c795.png?w=512&amp;resize=512%2C335" alt="Dogecoin" width="512" height="335" data-recalc-dims="1"> 
He stated that Dogecoin “is showing its classic pattern once again,” as the meme coin is “currently consolidating after breaking out from a descending triangle.” He added that based on past trends, DOGE&nbsp;might just “<a href="https://bitcoinist.com/crypto-pundit-predicts-price-surge-for-dogecoin/#:~:text=Crypto%20Pundit%20Predicts%20Massive%20Price%20Surge%20For%20Dogecoin%20%E2%80%93%20Here's%20The%20Target&amp;text=Crypto%20analyst%20DonAlt%20has%20provided,from%20its%20current%20price%20levels.">rocket towards $1</a> in the coming weeks.” Martinez’s analysis undoubtedly adds to the growing belief that DOGE can attain such heights.&nbsp; 
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-295889 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2024/04/Dogecoin-price-1.png?w=512&amp;resize=512%2C261" alt="Dogecoin price" width="512" height="261" data-recalc-dims="1"> 
Other crypto analysts, such as Mikybull Crypto, Altcoin Sherpa, and DonAlt, have also <a href="https://bitcoinist.com/dogecoin-doge-price-can-reach-1/">predicted</a> that Dogecoin would rise to $1 in this bull run at some point. However, Martinez’s analysis suggests that DOGE’S move to $1 is imminent and could happen even earlier than expected.&nbsp; 
One factor that could play a significant role in Dogecoin’s rise to this price level soon is the institutional interest in the meme coin. This interest will skyrocket once Coinbase launches DOGE’S future for its institutional clients on April 29. Depending on how bullish they are, these institutional investors can inject an impressive amount of liquidity into the Dogecoin ecosystem, which could lead to further price surges.&nbsp; 
<h2 id="the-only-way-for-doge-is-up">The Only Way For DOGE Is Up</h2> 
<a href="https://bitcoinist.com/analyst-predicts-where-dogecoin-price-will-be/">Crypto analyst Myles G</a> mentioned in an <a href="https://x.com/MylesGinvest/status/1781726382755660041" rel="nofollow" target="_blank">X post</a> that Dogecoin has bottomed and boldly claimed that this is the lowest the market will ever see the meme coin at again. This means that DOGE will likely continue its upward price action from now on.&nbsp; 
<img loading="lazy" decoding="async" class="alignnone wp-image-295892 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2024/04/DOGE-price.png?w=512&amp;resize=615%2C437" alt="DOGE price" width="615" height="437" srcset="https://bitcoinist.com/wp-content/uploads/2024/04/DOGE-price.png?w=512&amp;resize=615%2C437 512w, https://bitcoinist.com/wp-content/uploads/2024/04/DOGE-price.png?w=120 120w, https://bitcoinist.com/wp-content/uploads/2024/04/DOGE-price.png?w=350 350w" sizes="(max-width: 615px) 100vw, 615px" data-recalc-dims="1"> 
Crypto analyst Kevin (formerly Yomi OG) also recently suggested another rally for the meme coin was on the horizon. He <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-weekly-golden-cross/" rel="nofollow noopener" target="_blank">stated</a> that Dogecoin still has “multiple weeks of upward price action away from achieving this <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/">bull market</a> milestone.”&nbsp; 
In a recent <a href="https://x.com/Kev_Capital_TA/status/1781921798784712937" rel="nofollow" target="_blank">X post</a>, Kevin remarked that DOGE needs to achieve a monthly close above $0.16 for this bullish momentum to be confirmed. He said a close above that price level “would confirm a perfect retest of the previous <a href="https://bitcoinist.com/dogecoin-doge-price-can-reach-1/">bear market accumulation range</a>” and set the “monthly momentum strongly for more upside.” 
At the time of writing, Dogecoin is trading at around $0.16, up in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="nofollow noopener" target="_blank">data</a> from CoinMarketCap.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/aJy5QIyX/" alt="Dogecoin price chart from Tradingview.com" width="3286" height="1530">

Dogecoin Chart Flashes Buy Signal, Can DOGE Price Reach $1?

Table of Contents

Bitcoinist

Другие статьи, опубликованные 22 апр. 2024 г.

Melania Trump Introduces Personalized Jewelry and NFTs for Mother’s Day

Omni Network and Ether.Fi Forge a $600M Security Partnership

cLabs develops Celo as Ethereum Layer 2 on Optimism’s OP Stack

Crypto Trader Turns Bullish on Ethereum-Based Altcoin, Says Project Will Be Axie Infinity of This...

Critics: Bitcoin Transaction Fee Hits $128, Raising Concerns

Progress in Mt. Gox’s Creditor Repayment Initiatives

Join our free newsletter for daily crypto updates!