In the cryptocurrency market, amid a slowdown in meme coin fever, attention is focused on whether Doge can continue its upward trend. With market prices falling by more than 20% on a monthly basis, some analysts suggested a potential conditional rise, indicating that Doge has room to rebound by nearly 30%.
Cryptocurrency analyst Ali Martinez predicted that if Doge recovers the $0.17 resistance level, it could surge to $0.21 in conjunction with the 'TD Sequential' technical indicator's buy signal. Currently, Doge is trading around $0.164, with analysis suggesting the key is breaking through the short-term resistance line.
TD Sequential is a technical tool that evaluates overbought or oversold states of an asset to predict market turning points, recently capturing a clear buy signal on Doge's 3-day chart. Martinez added that if this trend is valid, Doge could potentially recover its upward momentum.
While short-term targets are presented at realistic levels, more long-term and bold forecasts are also emerging. Cryptocurrency analyst Javon Marks, citing Doge's past cycle repetition patterns, claimed that "if the pattern of increasing rise in the previous two cycles repeats this time, Doge could potentially reach $20, a 120-fold increase".
However, such extreme predictions are met with skepticism in the market. If Doge reaches that price, its market capitalization would be around $3 trillion, significantly larger than BTC. Considering market size and feasibility, short-term rises require technical conditions to align, while long-term expectations remain an 'uncertain possibility'.
The market is waiting for clearer signals on whether Doge can reproduce its past rapid surge. At this point, analysis based on technical indicators and actual demand has become more important than the speculative nature of meme coins.
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