The feeling seems to move towards the bullish side. In the midst of this, Dogecoin (Doge), the largest and most popular in the world, draws the attention of analysts and experts from cryptography.
Optimistic visits to experts on the same DOGE
Recently, an eminent crypto expert published an article on X (formerly Twitter) with a daring prediction. The expert expressed a bullish perspective, noting that DOGE maintained his position in an ascending parallel channel. Based on historical price dynamics, if the meter piece is supposed to be above $ 0.16, there is always hope that it could reach $ 2.74, or even $ 6.24 in the coming days.
#Dogecoin $DOGE remains within an ascending parallel channel. As long as the lower boundary at $0.16 holds, a rebound toward the mid-channel at $2.74 or even the upper boundary at $6.24 remains a probability! pic.twitter.com/L0p9ePH5ZV
— Ali (@ali_charts) March 5, 2025
Current price momen
Today, on March 6, 2025, the overall feeling of the cryptography market seems to bide, with major assets like Bitcoin (BTC), Ethereum (ETH) and Solana (soil) benefiting from impressive gains of 3.25%, 2.80%and 2.15%, respectively.
DOGECOIN (DOGE) ACTION OF PRICES AND STANDS
In the middle of this bullish momentum, DOGE has won 3.29% in the last 24 hours and is currently negotiating nearly $ 0.204. However, despite the recovery of current prices, the trading volume of the same part fell by 45%, which indicates a lower participation of merchants and investors compared to the day before.
In addition to all this, Coinpedia’s technical analysis suggests that Doge seems optimistic but is currently faced with a modest resistance near the level of $ 0.205. Based on the action of recent prices and historical models, if the same part violates this resistance and closes a daily candle greater than $ 0.21, it could rise by 18% to reach $ 0.245 in the coming days.
In addition to these upward perspectives, another factor supporting it is the current retain of a crucial level of support. During the recent drop in prices, the memes piece found crucial support at $ 0.18 and is going up now. The daily graph shows that this level of support has a story of trigger of bullish price reversals.
