The sentiment appears to be shifting in direction of the bullish facet. Amid this, Dogecoin (DOGE), the world’s largest and hottest meme coin, is catching the eye of crypto analysts and consultants.
Consultants’ Bullish Views on DOGE Meme Coin
Lately, a distinguished crypto knowledgeable made a submit on X (previously Twitter) with a daring prediction. The knowledgeable expressed a bullish outlook, noting that DOGE has maintained its place inside an ascending parallel channel. Primarily based on historic worth momentum, if the meme coin holds above the $0.16 stage, there’s nonetheless hope that it may attain $2.74 and even $6.24 within the coming days.
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Present Value Momentum
At this time, March 6, 2025, the general crypto market sentiment seems bullish, with main belongings like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experiencing spectacular features of three.25%, 2.80%, and a couple of.15%, respectively.
Dogecoin (DOGE) Value Motion and Upcoming Ranges
Amid this bullish momentum, DOGE has gained 3.29% within the final 24 hours and is at present buying and selling close to $0.204. Nevertheless, regardless of the continuing worth restoration, the meme coin’s buying and selling quantity has dropped by 45%, indicating decrease participation from merchants and buyers in comparison with yesterday.
Moreover all this, Coinpedia’s technical evaluation means that DOGE seems bullish however is at present going through modest resistance close to the $0.205 stage. Primarily based on current worth motion and historic patterns, if the meme coin breaches this resistance and closes a every day candle above $0.21, it may soar by 18% to achieve $0.245 within the coming days.
Moreover this bullish outlook, one other issue supporting it’s the present retest of a vital assist stage. In the course of the current worth drop, the meme coin discovered essential assist at $0.18 and is now transferring upward. The every day chart exhibits that this assist stage has a historical past of triggering bullish worth reversals.