DOGE Price to $1?

by

🚀🐕 DOGE About to Blast Off?! 🚀🐕

Oh, joy, oh rapture! Dogecoin (DOGE) is currently trading around $0.1723, with no notable gains or losses in the past 24 hours. But wait, there’s more! Prominent crypto analyst Ali Martinez has shared an hourly chart, highlighting a consolidation range between $0.16 and $0.18. Because, you know, that’s exactly what we all want – a nice, comfy range to trade within.

Martinez has stated that a definitive close outside this range could trigger a 16% price move, indicating a possible breakout scenario for DOGE. Because, you know, 16% is a totally reasonable and not-at-all-exaggerated price move.

#Dogecoin $DOGE will break out! A close outside $0.16-$0.18 could trigger a 16% price move.

— Ali (@ali_charts) March 20, 2025

Dogecoin Ascending Triangle

According to Martinez’s chart, Dogecoin has formed a classic ascending triangle–a pattern formed when price makes higher lows while facing resistance at a horizontal level. In this chart, the horizontal resistance is around $0.177 while the trendline of higher lows is acting as support. Because, you know, nothing says “stable” like a chart with a bunch of squiggly lines.

A breakout above this level could push Dogecoin toward $0.208, calculated by adding the triangle’s height ($0.031) to the breakout point. If price fails to break out and drops below support, it could decline to $0.146 or lower. Because, you know, nothing says “fun” like a 16% price move in either direction.

On the daily price chart, the largest meme coin has been forming a falling wedge pattern since mid-November. A falling wedge is a bullish reversal pattern, where breakout typically occurs to the upside, signaling a strong rally. Because, you know, who needs a strong foundation when you can just have a pretty chart?

The Moon Show Founder, Carl Moon, has set a bold price target of $0.434, a 150% increase from the current price level. Because, you know, 150% is totally reasonable and not-at-all-exaggerated.

Once $DOGE breaks out of this falling wedge, it will absolutely fly! The target is the top at $0,434🎯Trade #Dogecoin on Bitunix – and get a free $100 after your first $500 deposit!

— Carl Moon (@TheMoonCarl) March 20, 2025

Meanwhile, the Bollinger Bands show that DOGE is currently trading near the mid band (SMA around $0.18). If the price breaks above this level, it could confirm an upward momentum shift. Because, you know, nothing says “upward momentum” like a bunch of squiggly lines.

On the other hand, the RSI is currently hovering around 52, indicating increasing buying pressure. The key resistance levels to watch are $0.18 and $0.20. If DOGE can sustain a breakout above $0.18, it could push toward $0.25 and beyond. Because, you know, nothing says “sustainable breakout” like a bunch of squiggly lines.

The token also records an immediate support of $0.16, with stronger support at $0.14. A breakdown below these levels could signal bearish pressure. Because, you know, nothing says “bearish pressure” like a bunch of squiggly lines.

DOGE Price to $1?

Interestingly, crypto analyst Andrew Griffiths has pointed out that Dogecoin has successfully held above its 1-month MA50 this month. Historically, DOGE has followed similar cycles, though this time with reduced volatility due to a more mature market. Because, you know, nothing says “mature market” like a bunch of squiggly lines.

#DOGE Analysis: Dogecoin (DOGEUSD) has maintained its 1-month MA50 this month. This cycle resembles the previous two, albeit with less aggression due to market maturity. The 1-week RSI indicates we’re at the bottom of the final Bull Cycle pullback before a rally to the Cycle Top.…

— Andrew Griffiths (@AndrewGriUK) March 19, 2025

Moreover, the 1-week Relative Strength Index (RSI) suggests that the token is currently at the bottom of the final bull cycle pullback. Griffiths has forecasted a potential rise to $1 by the end of the year. Because, you know, $1 is totally reasonable and not-at-all-exaggerated.

It is important to note that despite the ongoing meme coin market slump, DOGE records a 30% gain in its value in the past year. However, the token is still 76% down from its peak of $0.7376, achieved in May, 2021, CoinMarketCap data shows. Because, you know, who needs a 76% gain when you can have a 30% gain?

Read More

2025-03-20 19:09