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Coin Edition 2025-02-11 06:59:00

Dogecoin (DOGE) Price: Analyst Eyes $4 on Bullish Chart

Dogecoin (DOGE) could skyrocket to the $4 price level, pointed out analyst Ali Martinez. Martinez showed on the weekly DOGE chart that the meme coin remains within a rising channel. DOGE found support at $0.19183 while the $0.50-$0.74 price level stands as resistance. Dogecoin (DOGE) seems to have rediscovered its momentum despite a downbeat market, climbing more than 4% in the last day. The altcoin, ranked sixth overall with a value of $38.65 billion, demonstrated resilience and is currently trading around $0.25275-$0.26084. However, as pointed out by crypto analyst Ali Martinez in a post on X (formerly Twitter), the altcoin could shoot up to the $4 price tag in the not-too-distant future. Martinez used a weekly DOGE chart with Fibonacci retracement and trend channels to make his hopeful prediction. He pointed out that the meme coin stays within a rising channel, showing a long-term positive structure. Fibonacci Levels Suggest Bullish Momentum What’s interesting is that, according to the chart above, the 0.786 Fibonacci retracement level ($0.19183) acted as firm support, with a bounce seen at this region. Related: Dogecoin’s Road to $1: Can … The post Dogecoin (DOGE) Price: Analyst Eyes $4 on Bullish Chart appeared first on Coin Edition .

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