Dogecoin Will Start A Move To $4 If Current Demand Holds – Can Bulls Step In? 🐕
Dogecoin is struggling below key liquidity levels, facing intense selling pressure and losing over 35% since mid-February amidst widespread investor fear. Despite the downturn, some analysts remain optimistic about Dogecoin’s future. Analyst Ali Martinez suggests that if DOGE maintains support above $0.16 to $0.19, it could potentially rally to $4 in the coming months.
Currently trading below the $0.25 mark, Dogecoin has seen a 46% drop since January. Martinez notes that holding above the crucial $0.16 to $0.19 support is key for long-term growth, although immediate gains are not guaranteed. If DOGE reclaims the $0.25 level, it could indicate a change in trend with buyers regaining control.
In the short term, DOGE must break the $0.22 resistance level to build momentum for a potential rally. A strong bounce above $0.25 would confirm a trend reversal and open pathways to higher targets, but continued bearish control could lead to further price declines.
Source: www.newsbtc.com ↗
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