DonAlt highlighted his long-term relationship with DOGE, marking his involvement since 2014. Notably, the correction in DOGE price shifted sideways, forming a bottom support during prolonged consolidation.
The accumulation trend allowed buyers to recuperate bullish momentum and trigger a ‘test pump’ to check the sustainability of higher rallies. SBF :
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. The Dogecoin price could experience occasional pullbacks to replenish bullish momentum.
The anticipated pullback should hold its value above the 200-weekly EMA, or sellers could drive a fresh correction trend. History demonstrates that the Dogecoin price experienced a final dip before igniting the massive bull run. With sustained buying, the DOGE price could rally 700% to hit the $1.17 level.
A tweet by renowned crypto analyst DonAlt stirred the conversation around Dogecoin, calling it the “Bitcoin of memes” and reflecting on its cultural significance in the crypto space.
Dogecoin surges 5.5% on Saturday to reach $0.144, partially outperforming the broader market recovery as the DOGE price charts the upward path after Elon Musk’s “D.O.G.E.” shout-out at President Trump’s campaign event. A similar pattern observed in the weekly chart analysis drove a massive rally of 29,111% in 2021. With the rising price giving a bullish breakout from a 4-month consolidation, Dogecoin buyers are ready to bring a prolonged rally.
Dogecoin, the largest meme cryptocurrency by market cap, has demonstrated a nine-day rally from $0.105 to $0.144 – a 36% surge fueled by Elon Musk’s influence, after he mentioned “D.O.G.E.” during Trump’s Pennsylvania campaign event, sparking renewed interest and excitement in the Dogecoin community.
The high-momentum rally surpassed $0.143 resistance, signaling the DOGE price escaping a four-month consolidation trend. Do your market research before investing in cryptocurrencies.
The author or the publication does not hold any responsibility for your personal financial loss.
