The digital token Dogecoin (DOGE) has risen by almost a quarter in the last 24 hours, with a trading peak on Saturday at $0.4807. This is the highest price of this year and most altcoins rise in value following the bullish run in anticipation for Bitcoin to hit the $100k mark.
Crypto analyst Ali Martinez brought in positivity after sharing her thoughts on the possibility of a breakout by Dogecoin. Martinez pointed a bullish triangle pattern which would potentially push DOGE to $0.82 from the current levels and accompanied it with a simple technical chart.
Dogecoin’s Support Levels and Potential Path to New Market Records
Should the feat be accomplished, it would beat Dogecoin’s earlier record high of $0.7376 which was recorded on May 8 this year. As the data shown on the site of CoinGecko, Dogecoin has risen by 27% within the last week and by 245% within a month.
Today has been the biggest of the three days, relative to the growth of DOGE, which has risen from $0.4 to $0.48, last seen in 2021. In general, DOGE has been trading up; although it did stagnated slightly at $0.439 on November 8 th this week, it has been trading higher than a low of $0.369 recorded on 21 st November.
The increasing moving averages and an RSI above 50 point to further control by buyers. In the near term, if bulls hold the speed, Dogecoin price may pop above $0.48, targeting $0.50 and $0.59. More advancements may carry it higher to the record high of $0.7376 and Martinez’s forecasted price of $0.82.
On the flip side, Maids today has immediate support levels at $0.33, further support at $0.29 and $0.25 if there is a reversal. Regarding this, the Dogecoin community observes its path during such a bullish tide on the market to set new records and become a leading player in the market.
