Dogecoin, the 9th-ranked asset, has jumped more than 10% at the moment and is heading strongly towards the crucial levels at around $0.1. Interestingly, the DOGE community appears to have activated as the trading volume has jumped over 200% to reach $1.5 billion, largely dominated by the bulls. The price is currently discovering new highs for 2023, displaying the possibility of a continued upswing ahead.
The DOGE price is in the process of breaking above the falling wedge, which is largely considered bullish. The price after a breakout may rise beyond $0.11 levels and test the crucial resistance at $0.14, slicing through the pivotal zones at $0.12. In the meantime, the DOGE price against BTC is testing some crucial zones.
As per a popular analyst, Bluntz, the DOGE/BTC price is all set to undergo a massive breakout that may ignite a 100% upswing throughout Q1 2023.
“Admittedly doge/usd looks like a hot fucking mess to my eyes but doge/btc OTOH looks gearing up for a revenge pump of probably 100% or more.
Would be negligence on my part if I did not have a bag of this,”
Dogecoin is one of the first altcoins to bounce back which is trading within crucial levels at the moment. These levels have been acting as a barrier for almost a year and holding beyond these levels could lay down a notable upswing beyond $1 as predicted by an analyst Captain Faibik.
Following the speculation of a massive upswing, Dogecoin whales became active and transferred nearly 450 million tokens for $40 million. The top 20 wallets swapped a token to an unknown wallet with a fee of 1.01 DOGE worth $0.09. Collectively. Dogecoin’s (DOGE) price is believed to maintain a notable upswing in the near future.
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- Source: https://coinpedia.org/price-analysis/dogecoin-on-the-edge-of-massive-explosion-will-doge-price-reach-1-this-bull-run/