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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Dogecoin Price Poised For Breakout Amid Accumulation, Here’s The Target

Scott Matherson
Scott Matherson
3 months ago
3 mins read
Dogecoin

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Crypto analyst Cryptokijker has revealed that the Dogecoin price is poised for a breakout amid massive whales’ accumulation. The analyst also revealed the price targets that DOGE could reach following this breakout. 

Dogecoin Price Poised For Breakout Above $0.17

In a TradingView post, Cryptokijker predicted that the Dogecoin price is poised for a breakout above $0.1790. The analyst revealed that the targets on this potential breakout are $0.1840 and $0.1920. He noted that the price at this level is showing a neutral-bullish structure after the recent breakout above the Previous Day Low (PDL). 

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Dogecoin

Dogecoin Price Poised For Breakout Amid Accumulation, Here’s The Target

3 months ago

The analyst also highlighted a hidden bullish divergence spotted on the Relative Strength Index (RSI), indicating strength beneath the surface. This Dogecoin price prediction comes amid a massive accumulation of DOGE by whales. He noted that smart money has been accumulating heavily within the discount zone between $0.15 and $0.16, which supports this bullish bias. 

Dogecoin
Source: CryptoKijker on Tradingview

The analyst observed that the break of structure on the chart signals the start of a markup phase. He further remarked that the volume profile supports the accumulation-to-expansion transition. Meanwhile, the strong support confirmed at the $0.1760 zone aligns with previous discount accumulation, and the momentum building above the PDL suggests that the Dogecoin price could sustain this bullish momentum. 

Market participants will also be watching the psychological $0.2 level for the Dogecoin price on this potential breakout. Crypto analyst Ali Martinez revealed that DOGE could rally towards its all-time high (ATH) if it can secure a monthly close above $0.20. The analyst remarked that such a breakout would signal strong bullish momentum and potentially attract increased investor interest. 

It is worth mentioning that crypto analyst Master Kenobi also recently predicted that the Dogecoin price could reach a new ATH by June. He stated that the foremost meme coin could hit as high as $0.9 on the rally to a new ATH. 

Other Factors That Support A DOGE Breakout

Crypto analyst Trader Tardigrade stated that a Dogecoin price breakout is expected soon, which will send the meme coin higher. This came as he noted that DOGE has been moving between different ranges, experiencing both false breakdowns and breakouts. The analyst added that the meme coin has now returned to its current range, setting the stage for a price breakout. 

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Dogecoin Price Eyes Next Critical Level At $0.18, Is A Break Above $0.25 Possible?

3 months ago

In another X post, Trader Tardigrade revealed that the Dogecoin price is forming a diamond above the trendline at around $0.15. Based on this, he affirmed that things are going great for DOGE and urged market participants to wait for the next breakout. 

At the time of writing, the Dogecoin price is trading at around $0.17, down over 2% in the last 24 hours, according to data from CoinMarketCap.

Dogecoin
DOGE trading at $0.174 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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