Could DOGE’s Price Surge Again Soon? The Last Time It Doubled, This Unexpected Signal Appeared!

Could DOGE’s Price Surge Again Soon? The Last Time It Doubled, This Unexpected Signal Appeared!

Dogecoin’s been on quite the rollercoaster ride lately—dropping sharply from over $0.185 to $0.135 in just ten days, but now it’s clawing its way back to $0.145 with a 6% daily uptick. Makes you wonder—is this just a brief bounce or the hint of a rocket launch waiting to ignite? Ali Martinez’s latest analysis threw a curveball: a TD Sequential buy signal flashing for DOGE, the last time sending prices soaring over 100%. If history repeats itself, we could be staring at a surge near $0.30, a territory it hasn’t touched in months. But hey, it’s not all smooth sailing — a fortress of resistance waits at $0.163, with steeper hurdles beyond. Can Dogecoin bulldoze through or will it nosedive past its $0.14 support, potentially crashing back to levels unseen in over a year and a half? And with Grayscale’s Trust turning into a spot ETF on the NYSE, could this classic meme coin be gearing up for its next spotlight moment? Buckle up—it’s anyone’s guess, but definitely a story worth watching. LEARN MORE.

DOGE is up by 6% daily, but can it rocket further?

The largest and oldest meme coin joined the rest of the crypto market in the past few weeks and experienced a massive nosedive that drove it south hard. It plunged from over $0.185 on November 11 to $0.135 in the span of just ten days.

However, it has started to recover and currently sits at $0.145. Data shared by Ali Martinez outlined an even more impressive possibility for Dogecoin’s future price movements.

The popular analyst noted that the TD Sequential, a metric used to determine the underlying asset’s exhaustion in either direction, had just flashed a buy signal. He added that the last time this happened, DOGE’s price skyrocketed by more than 100% in a relatively short period. If that’s to happen now, DOGE would surge toward $0.30, a level not seen in over two months.

To do so, though, Dogecoin would have to break through numerous resistance lines. Another renowned analyst going by the X handle CW noted that the first such level is the sell wall at $0.163. If reclaimed, the asset would face the next significant obstacles at $0.185 and $0.195.

In contrast, DOGE might find itself experiencing another nosedive, this time even more profound if it loses the $0.14 support. Martinez outlined the next target if that level cracks, which is situated at $0.07. Recall that Dogecoin has not traded that low in over a year and a half.

On a more positive note, though, the OG meme coin will soon have a spot exchange-traded fund tracking its performance. As Bloomberg’s ETF expert Eric Balchunas explained on Friday, Grayscale’s Trust will be converted to a spot ETF as of Monday after it was approved for listing on the New York Stock Exchange.

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