Dogecoin, one of many largest crypto winners this month, has proven a 76.71% spike in buying and selling quantity, based on CoinGlass knowledge.
Dogecoin momentum is supported by large whale exercise. Just lately, Whale Alert reported a $120 million DOGE switch to an unknown pockets.
The DOGE worth has proven outstanding 150% progress in November. DOGE month-to-month returns have reached 167% on this month.
Dogecoin worth prediction
Veteran dealer Brandt has just lately shared his view on the way forward for the DOGE worth.
In response to Brandt, Dogecoin’s chart reveals an inverted head-and-shoulders sample, which might imply that it’s going again to its all-time excessive close to $0.73.
Associated
The DOGE worth is also forming an “upsloping flag,” a technical sample usually related to continuation tendencies. If the flag is accomplished, it might imply a worth goal of round $0.66, which might match with the continuing bullish momentum.
Dogecoin (DOGE) has just lately skilled vital bullish momentum, highlighted by a golden cross — a technical sample the place the 50-day shifting common crosses above the 200-day shifting common.
Traditionally, this formation indicators robust upward tendencies and has usually preceded main worth rallies. DOGE’s worth has surged, breaking via resistance ranges at $0.22 and $0.30, with rising buying and selling volumes additional validating this momentum.
Peter Brandt famous DOGE’s adherence to classical charting ideas. He highlighted a similarity between its present worth motion and a sample noticed in 2020, the place a sideways accumulation part developed into an inverse head-and-shoulders formation.
This similar sample in 2024 has contributed to DOGE’s large 190% rally. Brandt’s evaluation underscores the technical power behind Dogecoin’s latest efficiency, suggesting the potential for sustained bullish tendencies.