- Between the first week of January and now, DOGE ($0.16) has increased by around 480%.
- It saw more positive trends in November.
Dogecoin [DOGE] has captured market attention once again, with technical indicators and price action suggesting a potential breakout against Bitcoin [BTC ($101,749.00)].
A chart analysis revealed a bullish pattern that could propel DOGE by as much as 2,400%. Recent on-chain data analysis showed positive trends, adding further weight to this potential upward move.
Dogecoin vs. Bitcoin
Dogecoin’s chart showed a clear breakout from a multi-year descending channel. This breakout, marked by strong upward momentum, positioned DOGE for a potential price surge.
The measured move from the breakout projected a target of 0.00009375 Bitcoin, implying a staggering 2,400% rally from current levels.
The MACD (Moving Average Convergence Divergence) indicator on the DOGE/USD daily chart supported this bullish sentiment. The MACD line has crossed above the signal line, signaling increasing upward momentum. <...>
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