Dogecoin ready to jump? Analysts bet on $ 0.40 or more!

Doge shows strong signs that the assembly can be immediate. The chain data creates a bull table, with several key indicators becoming positive.

The growing onge dog activity shows a growing interest in investors

Crypto Ali Martinez analyst revealed on May 15, an increase in active addresses, volume of transactions and whale activities for DOGE. According to him, it is all stamps that the dynamics accumulate. In another post, he noted that the whales have accumulated more than a billion Doge last month.

To feed this optimism, Chaingpt AI, AI on X, he showed a massive increase of 528 % of active addresses and reached 469,000. He also noted that open interest from 70 % to reach $ 1.65 billion. According to AI, with increasing demand and reviving the excitement around the ETF, analysts consider potential movement around $ 0.40. She also emphasized the creation of a reverse head of the head head on graphics and further strengthened Hussier the script.

Increasing whale activity is particularly important because it can point out the placement of smart money before raising prices. When the whales move, special traders often follow them, increase the dynamics of the market and cause the fear of the missing train (FOMO) that can speed up purchasing pressure.

Technical breaks report bull reversal

Currently, dogecoin is agreed around $ 0.22, which has slightly reduced by less than 1 %in the last 24 hours. However, it seems technically that part has already exceeded the key areas of resistance.

At the beginning of May, Doga came out of the motif down the corner theme, which began last November after the price reached $ 0.48. The break took place on May 10, marked with a strong bull candle and a peak in trading. This is generally a sign that the trend of declining descending is completed and that a new ascending trend could begin.

After the break, Doga fell slightly to test the upper limit of the corner. If this level is as support, it would confirm the ascending trend.

Doge also left the side evaluation of the beach that began in March. The fact that these two breaks occurred almost simultaneously is even more convincing.

The movements indicators support an ascending trend. The MACD line is above the signal line and both are in a positive area, indicating continuous power. The histogram remains in the green, even if the bars reduce, which could indicate the slowdown.

RSI is currently at 61 years, suggesting that there is still room for the price. His ascending trend also strengthens positive perspectives.

Key levels of resistance and price goals analysts for dogecoin

Another major resistance is $ 0.30. If DOGE exceeds this level, it can focus on $ 0.45 – previous local summit before the last lower market. Some traders, such as Tardigrade Trader, expect a short consolidation time before the final pressure of around $ 0.40.

Another analyst, Alts King, thinks DOGE has momentum and could reach $ 0.48 in the short term if the current trend continues.

Looking into the future, $ 0.40 is a short -term common goal among analysts. This level could serve as a psychological magnet at the price of dogecoin because the upward dynamics is built. Some analysts even target a $ 1 bar during the Haussier cycle. Strong shopping pressure and recent DOGE power, exceeding Ethereum and XRP, could support other large Dogecoin pulse.

IFEOLowa O.

IFOLOWA specializes in writing and marketing Web3, with more than 5 years of experience in creating bright and strategic content. In addition, it trades in crypt and is qualified in performing technical, basic and chains.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.