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Will Dogecoin Price Surge 25% by October End? Analyst Shares Insights
The post Will Dogecoin Price Surge 25% by October End? Analyst Shares Insights appeared on BitcoinEthereumNews.com. The cryptocurrency market showcased a bullish outlook during Sunday’s low-volatility session. Following a 1% surge in Bitcoin price, many major altcoins, including Dogecoin, experienced a renewed recovery in the final week of October. Amid the recent price jump, a crypto analyst highlights a key resistance breakout for DOGE to drive a high-momentum rally. Currently, the DOGE price trades at $0.14, with an intraday jump of 2.49%. Meanwhile, the market cap surged to $20.2 Billion. Will Dogecoin Price Surge 25% by October End? Analyst Shares Insights This week, the crypto market experienced a sharp correction as the Bitcoin price reverted from its $70,000 barrier. Following the bearish momentum, the dog-themed memecoin DOGE recorded $0.149 to $0.127— a 14.6% loss. In a recent tweet, renowned crypto analyst Ali Martinez revealed this pullback as forming a bull-flag pattern. Generally, the pattern showed a dominating trend with a long ‘Pole’ followed by a temporary pullback within two downsloping trendlines to represent a ‘Flag.’ This correction should allow buyers to recuperate the exhausted bullish momentum for the next leap. By press time, the Dogecoin price traded at $0.14 and teased an upside breakout from the pattern resistance trendline. The analyst highlights a potential breakout from the $0.143 region, which will push the ascend 25% to hit $0.175. Large Holders Boost DOGE Holdings by 17.6M According to Santiment data, large Dogecoin holders with wallet sizes between 10 million and 100 million DOGE have increased their holdings, accumulating an additional 17.64 million DOGE. This growing accumulation by big players could signal heightened confidence in DOGE’s future price potential and may contribute to stronger price support in the coming weeks. Supply Distribtuion | Santiement DOGE Price Analysis Hints an Escape from Major Accumulation The Dogecoin price prediction shows the current retracement likely follows a sharp recovery that began…
The post Will Dogecoin Price Surge 25% by October End? Analyst Shares Insights appeared on BitcoinEthereumNews.com.
The cryptocurrency market showcased a bullish outlook during Sunday’s low-volatility session. Following a 1% surge in Bitcoin price, many major altcoins, including Dogecoin, experienced a renewed recovery in the final week of October. Amid the recent price jump, a crypto analyst highlights a key resistance breakout for DOGE to drive a high-momentum rally. Currently, the DOGE price trades at $0.14, with an intraday jump of 2.49%. Meanwhile, the market cap surged to $20.2 Billion. Will Dogecoin Price Surge 25% by October End? Analyst Shares Insights This week, the crypto market experienced a sharp correction as the Bitcoin price reverted from its $70,000 barrier. Following the bearish momentum, the dog-themed memecoin DOGE recorded $0.149 to $0.127— a 14.6% loss. In a recent tweet, renowned crypto analyst Ali Martinez revealed this pullback as forming a bull-flag pattern. Generally, the pattern showed a dominating trend with a long ‘Pole’ followed by a temporary pullback within two downsloping trendlines to represent a ‘Flag.’ This correction should allow buyers to recuperate the exhausted bullish momentum for the next leap. By press time, the Dogecoin price traded at $0.14 and teased an upside breakout from the pattern resistance trendline. The analyst highlights a potential breakout from the $0.143 region, which will push the ascend 25% to hit $0.175. Large Holders Boost DOGE Holdings by 17.6M According to Santiment data, large Dogecoin holders with wallet sizes between 10 million and 100 million DOGE have increased their holdings, accumulating an additional 17.64 million DOGE. This growing accumulation by big players could signal heightened confidence in DOGE’s future price potential and may contribute to stronger price support in the coming weeks. Supply Distribtuion | Santiement DOGE Price Analysis Hints an Escape from Major Accumulation The Dogecoin price prediction shows the current retracement likely follows a sharp recovery that began…
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