Dogecoin (DOGE) The cryptocurrency analyst is gearing up for a “pop,” predicting that the next uptrend could push the meme coin past serious resistance levels. DOGE’s price is living up to the recent hype. For multiple use cases It may be added soon. However, it remains to be seen whether these narratives can propel meme coins to new highs.
Dogecoin may soon rise to $0.083.
Crypto analyst Muro Crypto hinted at X (formerly Twitter). post Another bounce of DOGE from the current support level could create another push to break the current resistance level. In the attached chart he shared, we can see that the analyst is predicting another uptrend. viceroy It rises to $0.083.
previously X post, Muro shared his belief that DOGE will soon explode. Soon after, meme coins began an upward trend. which The momentum did not last As the analyst pointed out, the meme coin has long since fallen back to its entry point, which is half of its $0.83 target.
It is worth mentioning that DOGE recovered and rose above the psychological level of $0.80. further rise. Mark Cuban has revealed that his Dallas Mavericks team is still accepting Dogecoin as a payment method. This has partly contributed to the recent price surge.
Meme Coins are also gathered recently This is fueled by speculation that the X platform may include DOGE as a payment method for X payments, which are scheduled to launch this year. that much I like Elon MuskThe meme coin, which owns X, is the main driver of this story.
DOGE price sitting at $0.081 | Source: DOGEUSD on Tradingview.com
Another factor that could trigger a DOGE price surge
Cryptocurrency analyst Ali Martinez in public X post The Dogecoin network is witnessing an “incredible surge of growth.” new address Over the past week, the number of visitors on the network has reportedly increased by a whopping 1,000%. In particular, he highlighted how a record 247,240 new DOGE addresses were created on January 29 alone.
The analyst noted a continued upward trend in the United States. expansion of the network The price of DOGE “will soon reflect positively.” Typically, these developments mean that more users are acquiring meme coins, and the increased demand for meme coins is likely to lead to price spikes.
At the time of writing, DOGE is said to be trading around $0.081 over the past 24 hours. data From CoinMarketCap.
Charts from Tradingview.com
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