\n\t\t\t\t\t\t\t\t\tA 90% pump, a parabolic rally to a new historical record, or a short-term correction: which scenario is lining up for DOGE?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The OG meme coin followed the green wave sweeping through the cryptocurrency sector, with its price climbing to a nearly three-month high.<\/p>\n
Some analysts think the token is set for a relatively mild increase ahead, while others foresee an explosion to a new all-time high.<\/p>\n
What\u2019s Next?<\/h2>\n
DOGE currently trades just south of $0.09, representing roughly a 30% pump from a week ago. It remains the biggest meme coin and even widened the gap between itself and Shiba Inu after its market capitalization neared $14 billion.<\/p>\n
Not long ago, Ali Martinez identified<\/a> $0.0813 as key resistance, where more than 30 million DOGE were previously traded. He believes a sustained close above this level (as it happened) could result in a further upside, setting the next target at around $0.177.<\/p>\n In addition, the analyst outlined numerous factors that point to a bullish move ahead. Among those are the whales\u2019 accumulation and the Tom DeMark Sequential indicator, which flashed a buy signal.<\/p>\n Martinez\u2019s prediction is modest compared to those of many other analysts. X user MikybullCrypto envisioned<\/a> an \u201cexplosive move on the horizon\u201d that could result in a pump to $3. Vuori Trading was even more bullish, opining<\/a> that DOGE is \u201cmost likely going to $10.\u201d<\/p>\n It is worth noting that such an ascent would require the meme coin\u2019s market capitalization to surpass $1.5 trillion. Even with the recent crypto boom, that type of increase seems quite unrealistic (to put it mildly).<\/p>\n Approximately a week ago, X user The Great Mattsby paid attention to Dogecoin\u2019s Bollinger Bands. They noted<\/a> that the channels have tightened and wondered whether this isn\u2019t the biggest squeeze in the asset\u2019s history.<\/p>\n Such a setup usually occurs during periods of low volatility and could be a precursor to a major move (though the direction is unclear, as it may also lead to a violent pullback). At the moment, it seems the squeeze was followed by a significant pump, but who knows what the future holds.<\/p>\n In the meantime, certain elements suggest a correction could be on the way. DOGE inflows into exchanges have surpassed outflows over the past several days, suggesting that some investors have abandoned self-custody and flocked to centralized platforms. This increases the immediate selling pressure and could negatively impact the price in the short term.<\/p>\n \u00a0<\/p>\nYou may also like:<\/h3>\n
The Key Formation<\/h2>\n
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