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    Home»Markets»Dogecoin Worth Eyes Double-Digit Surge After Breaking Out Of two-Week Descending Wedge | Bitcoinist.com
    Dogecoin Worth Eyes Double-Digit Surge After Breaking Out Of two-Week Descending Wedge | Bitcoinist.com
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    Dogecoin Worth Eyes Double-Digit Surge After Breaking Out Of two-Week Descending Wedge | Bitcoinist.com

    By Crypto EditorJanuary 4, 2025No Comments3 Mins Read
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    Crypto analyst KrissPax has drawn the neighborhood’s consideration to a bullish sample that has shaped for the Dogecoin worth. Consistent with this, the analyst predicts that Dogecoin might quickly file a double-digit worth surge. 

    Dogecoin Worth Eyes Double-Digit Surge

    In an X submit, KrissPax predicted that the Dogecoin worth might take pleasure in a double-digit surge quickly sufficient. This got here as he revealed that Dogecoin had damaged out of a 2-week descending wedge. He added that after a retracement, DOGE might take pleasure in a bullish reversal because it rallies again up over $0.40. 

    Dogecoin Worth Eyes Double-Digit Surge After Breaking Out Of two-Week Descending Wedge | Bitcoinist.com
    Supply: X

    This $0.40 worth degree is important because the Dogecoin worth shaped essential assist round this vary when it recorded the first section of its bull run. As such, a rally above $0.40 might pave the best way for the foremost meme coin to start the following leg of its bull run. A run to its present all-time excessive (ATH) of $0.74 may very well be on the playing cards for Dogecoin, after which a rally to the much-anticipated $1 degree. 

    In one other X submit, KrissPax offered additional optimism that the Dogecoin worth is poised for a bullish reversal. He said that Dogecoin simply completed a re-test on an upward-sloping resistance line as assist and is already up 6% in 2025. He added {that a} continuation greater is predicted. The accompanying chart confirmed a rally to as excessive as $2 was on the playing cards. 

    Dogecoin price 2
    Supply: XCrypto, Crypto information, Crypto analyst, Analyst

    Crypto Whales additionally look to be anticipating a rebound for the Dogecoin worth. Bitcoinist reported that Dogecoin recorded a 41% surge in massive transactions, with $23.35 billion traded in 24 hours. This surge suggests an accumulation pattern amongst these DOGE Whales. That is additionally bullish for the foremost meme coin, as these traders might contribute to the worth restoration. 

    A Main Pump May Occur This Week

    Crypto analyst Grasp Kenobi has predicted that the Dogecoin worth might witness a serious pump this week. He famous {that a} cycle in the past, nothing indicated the huge pump on DOGE that occurred 258 days after the Bitcoin Halving. The crypto analyst predicts that DOGE ought to attain at the very least $1.2 this week if historical past repeats itself. 

    He added that the Dogecoin worth might even attain $3.4 in an “ultra-optimistic” situation. Crypto analyst Dima James additionally lately offered a bullish outlook for Dogecoin. He predicted that the foremost meme coin might cross the $11 mark earlier than the tip of this 12 months. Primarily based on historic developments, the analyst even raised the opportunity of the meme coin rising to as excessive as $23 and even $36. 

    On the time of writing, the Dogecoin worth is buying and selling at round $0.34, up over 3% within the final 24 hours, in response to information from CoinMarketCap. 

    Dogecoin price chart from Tradingview.com
    DOGE bulls push for greater costs | Supply: DOGEUSDT on Tradingview.com

    Featured picture created with Dall.E, chart from Tradingview.com



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