When will Dogecoin (DOGE) double in value? Analysts weigh in.

TL; DR

Dogecoin price has increased 10% in two weeks. Analysts see potential for further gains if they break through resistance at some level. Some important indicators such as the RSI ratio suggest a possible rally in the short term.

Is DOGE ready to step up?

of The biggest Meme coin in terms of market capitalization – Dogecoin – remains one of the hottest topics in the cryptocurrency sector due to the number of DOGE investors. The price is currently hovering at the $0.165 mark (according to CoinGecko data), a 10% increase on a two-week scale.

Many analysts believe that the growth will continue Important Price levels will be defeated. One person who shares that thesis is X user Ali Martinez. He He said he deserved it. That DOGE will face “significant resistance” between $0.166 and $0.171, where 75,000 addresses have accumulated nearly 10 billion in assets.

“But once this obstacle defeatedDOGE has the potential to double, at the next key resistance around $0.322,” he speculated.

Dogecoin has passed The above mentioned zone A few days ago, and it will be interesting to see if he can do that again in the coming days.

CryptoDog and Nebraskangoer give two cents on DOGE. The former admits that the meme coin is “slow and boring” compared to other cryptocurrencies that have emerged recently, but maintained that it still has a chance to shine.

“It should be some exciting days ahead, and think it will be more than Bitcoin,” the analyst said He predicted.

The Nebraskan was brave. Prediction “Mem-pump action soon” as long as DOGE stays on top. Main Resistance zone around $0.16.

What are the signs of the income march?

one Important A parameter that indicates that it is not Doug It may experience a price hike in the short term. They have an outflow. It has passed Logged in last 24 hours (according to IntoTheBlock) It shows a shift from centralized platforms to direction Methods of self-preservation. This It is considered Bullying because it immediately reduces sales pressure.

Another indicator to watch is the DOGE Relative Strength Index (RSI). Technical analysis tool It is used to measure The extent of recent price changes to assess overbought or oversold conditions in the market. It ranges from 0 to 100, with a ratio above 70 indicating that the property is likely calm down to go back. Latest data It shows That RSI stands at around 49.