#GT# #BTC# #XRP# #ETH# #DOGE#

🚀🎯📊🚨🔮🛸💰
Dogecoin is looking to 93 cents after a 600% rise as rumors shake the cryptocurrency.
DOGE market sentiment and future expectations
Market sentiment towards Dogecoin has improved.
🟢
After the recent price movement and expectations of a 600% increase. In the last twenty-four hours, the trading volume reached 1.53 billion US dollars, and the current market capitalization of Dogecoin is 27.01 billion US dollars, with a circulating supply of 150 billion tokens.
The price of Dogecoin (DOGE) returned to the fore as investor interest renewed and market activity increased, reinforcing expectations that its price would rise significantly. The cryptocurrency has made strong gains over the past week, with expectations of a 600% rise, which is widely traded by the crypto community. Current market data, trading patterns, and technical analysis suggest that Dogecoin is approaching a critical stage in its price structure.
The Dogecoin has shown a steady upward momentum, increasing by more than 13% over the past week, reaching its daily high at $0.1813. Although the price has slightly retreated in the last session, it remains above its simple moving average (SMA) for 9 days, which was last recorded at $0.16429. While the short-term movement appears to be somewhat bearish, if the trading volume continues to be strong, the upward momentum may persist.
The DOGE coin is currently trading within a strong support area between $0.137 and $0.175, which has served as accumulation in previous cycles. A decisive breakout above this range could pave the way for a significant upward move. Additionally, the increase in secondary trading volume indicates strong support, which may prevent a deeper decline.
Echoes of the past chart: Will the 600% rise repeat?
Many market watchers have conducted chart analyses indicating the formation of bullish patterns in recent months. Trader "Tardigrade" has observed a recurring trend where Dogecoin bounces off an ascending support line and rises significantly. Other currencies saw a 200% increase in late 2023 and a rise of nearly 400% in late 2024. With a similar structure, a 600% increase could be achieved, reaching $0.93 from the target price.
Other analysts also shared their insights. Ali Martinez noted that the DOGE token continues to follow a long-term logarithmic growth channel. The price has consistently adhered to this formation during the upward phase, particularly when moving from the midline to the upper boundary. If this structure appears valid, it provides the technical foundation for further price increases towards higher resistance levels.
Random Relative Strength Indicators and Momentum
Technical indicators point to strong momentum at this stage. The reading of the random RSI ( in the overbought area, where the blue line is at 100.00 and the orange signal line at 93.42. These high readings reflect intense buying activity, but they also indicate caution regarding the potential for a short-term correction or consolidation.