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DOGECOIN
lovers, fasten your seatbelts and brace yourselves because according to Crypto News, analytics believe Dogecoin could go 1$ or higher by December.
Here is a short and brief explanation as to why according to Coingape.com
Highlights
- Dogecoin price jumped by over 150% in November as the momentum accelerated.
- Analysts believe that the DOGE coin could jump to $1 in December.
- Technicals point to more upside if it crosses $0.50.
Dogecoin's price jumped over 150% in November, making it one of the top-performing meme coins amid a Bitcoin-led crypto rally. Analysts suggest a significant breakout could occur if DOGE surpasses the $0.50 resistance, potentially driving the price to $1 in December. Ali Martinez, a crypto analyst, forecasts an 85% surge to $0.82, while others predict further gains between $5 and $10 if it breaks $1.
Technically, DOGE has crossed key resistance levels and moving averages, signaling bullish momentum. The formation of a bullish flag or pennant strengthens this outlook. However, if the price drops below $0.30, the positive forecast could be invalidated, with a
potential retest of the $0.2265 support level. This reflects the pivotal role of current resistance in determining Dogecoin's future trajectory.
To view and read the full article, click here:
How High Can Dogecoin Price Go in December?
Dogecoin has more than doubled in November, making it one of the best-performing meme coins. This momentum coincides with the ongoing Bitcoin-led crypto
coingape.com