Dogecoin is currently negotiated at $ 0.166, down more than 3% in the last 24 hours. During last week, DOGE decreased by 6.8%.
According to a CCN analysis, the Dogecoin financing rate has become negative, which means that traders are betting against this. The network value / transaction ratio (NVT) is also high, which shows that there is more speculation than real use. If the interest does not increase, then Doge could fall to $ 0.10, unless it is piercing $ 0.18.
Haussiers analysts on DOGE
However, analysts see strong growth for the same. The top of all time of $ 0.73 from Dogecoin was in May 2021. Analysts predict that if he managed to break his ATH, he could even aim for $ 1.
Analyst Ali Martinez recently shared that DOGE is testing a level of key support at $ 0.167. If he manages to hold above this level, he could bounce back to $ 0.175 and even rally up to $ 0.183.
A new weekly graphic by analyst Greencrypto on tradingView shows that Dogecoin is formed an ascending corner model, which has been a sign of a long -term upward trend since 2023. If the model continues, Doge could explode and record a new summit of $ 1.161 with a gain of 582%.
He also warned that if he drops below the level of key support to $ 0.177, the price could see more the movement down.
Doge Rally could trigger the Alts-season
According to the abbot case analyst, for the next allusive season to start, Doge must pump. He said that since 2017, the DOGE rallys have often reported the start of the Altcoin season.
Now, to trigger the next rally, DOGE must exceed $ 0.22, which could overlap the next Alts-season. In addition, whale wallets accumulated more than 100 million DOGE last week, which further increases the chances of a price increase.
With the Altcoin season which is fast approaching, these indicators suggest that the same is ready for a powerful pump.
