Price: $0.31599 -5.994%
Market Cap: 46.55B 1.4016%
Volume (24h): 5.46B 0%
Dominance: 1.4016%
Price: $0.31599 -5.994%
Market Cap: 46.55B 1.4016%
Volume (24h): 5.46B 0%
Dominance: 1.4016% 1.4016%
  • Price: $0.31599 -5.994%
  • Market Cap: 46.55B 1.4016%
  • Volume (24h): 5.46B 0%
  • Dominance: 1.4016% 1.4016%
  • Price: $0.31599 -5.994%
Home > Information news > Dogecoin (DOGE) to Moon? Major Meme Coin on Verge of Parabolic Bull Run

Dogecoin (DOGE) to Moon? Major Meme Coin on Verge of Parabolic Bull Run

Release: 2024/10/31 03:34 Reading: 893

Original author:U_Today

Original source:https://coinmarketcap.com/community/articles/67228479a77f095c73815ee2

Dogecoin (DOGE) to Moon? Major Meme Coin on Verge of Parabolic Bull Run

Cover image courtesy of U.Today

November could mark a pivotal moment for Dogecoin (DOGE), as per the analysis of crypto expert Ali Martinez. Martinez believes a sustained surge in DOGE's price is contingent on a consistent close above $0.20.

As illustrated in the attached price chart, Dogecoin is approaching the completion of 2,180 days of accumulation within a triangle formation, initiated in 2021 following a 15.524% rise. This completion could pave the way for a significant price increase, potentially reaching new highs.

Martinez observes a recurrent trend in DOGE's price action, characterized by extended accumulation periods within triangles. Notably, in 2021, a breakout to $0.75 per DOGE occurred after 1,096 days of accumulation, preceded by a 1,155-day accumulation period that led to an 8,933% increase in 2018.

Should this pattern hold true this time, DOGE's price predictions could surpass $1, a target that is only 500% above its current value, while previous historical surges have reached the thousands of percent range.

Thus, it appears that Dogecoin may be poised for a "to the moon" scenario. However, Martinez emphasizes that this rally will only materialize if the meme cryptocurrency maintains a price of at least $0.20. To date, despite a 50% gain in October alone, Dogecoin has failed to achieve this mark, with sellers preventing further price growth on October 30th at $0.1798.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.