Dogecoin had a subdued October. The token showed no bullish signs of a price spike
Attempts have been made to target the high price range, but there is a possibility that the price will reach its peak. Despite the slow price pace, multiple analysts continue to expect Doge to break out, with one notable analyst wondering how Doge has a chance of accepting the market’s bullish beginnings soon. I am sharing Iruka.
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Analyst predicts Dogecoin will charge $0.175
Source – Bitcoinist
Dogecoin is one of the major cryptocurrencies on the market. The token is affectionately known as a favorite of Tesla CEO Elon Musk, who is well known for occasionally commenting on Doge in his speeches.
These instant mentions helped Dogecoin encounter price spikes from time to time. But 2024 came relatively late for Mr. Dozier. The token did not show any noticeable price movement, leading investors to wonder whether the token would embrace the bullish momentum.
With Bitcoin hitting a new high of $70,000, Dogecoin’s prospects for new highs are gaining incredible momentum. Amidst this, Ali, a well-known cryptocurrency analyst, asked Company X to share his detailed analysis, adding how Doge is aiming higher on the price radar.
Ali shared a post about X and added that Dogecoin is about to break out and could soon reach a new high of $0.175. However, this will be an important move for the token as Doge will be tested at the $0.139 level. If the token can successfully hold the support, it could breakout and show incredible price momentum in the near future.
“Looks like #Dogecoin $DOGE is breaking out! If $0.139 support holds, the target is $0.175.”
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November token price prediction
Dogecoin is currently $0.16, up 13% in the past 24 hours. According to CoinCodex, the token is likely to depreciate slightly in November 2024. The lowest price can be as low as $0.13. However, if the support line holds as predicted by Ali, the token could soon see a notable price spike.
Image: CoinCodex
“According to our current Dogecoin price forecast, the Dogecoin price is predicted to decline by -13.56% and reach $0.139594 by November 28, 2024. According to our technical indicators, the current sentiment is bullish, but the fear and greed index is showing 69” (greed). Dogecoin recorded 18/30 (60%) green days with a price volatility of 11.76% in the past 30 days. Based on Dogecoin predictions, now is a good time to buy Dogecoin. ”
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