Dogecoin Price Prediction: Top Analyst Sees Parabolic 5,900% Pump For DOGE As The DOGE20 ICO Offers Last Chance To Buy Before DEX Launch

The
Dogecoin
price


dropped

over
2%
in
the
last
24
hours
to
trade
at
$0.1803
as
of
8:45
a.m.
EST
as
investors
take
profits
in
the
largest
meme
coin.

But
top
crypto
analyst
Ali
Martinez
tells
his
56,000
followers
on
X
that
the
biggest
meme
coin
by
market
capitalization
could
still
skyrocket
5,900%
from
its
current
value.

I
feel
my
fellow
degens
have
been
distracted
with
the
new
shiny

#memecoins,
but

#Dogecoin
remains
the
most
important

#altcoin
in
this
sector.

From
a
technical
perspective,

#DOGE
seems
to
mirror
the
2018-2021
pattern.
If
so,

$DOGE
could
be
at
the
very
beginning
of
a
massive…

pic.twitter.com/WGREwsxPcb

—
Ali
(@ali_charts)

March
31,
2024

“DOGE
could
be
at
the
very
beginning
of
a
massive
parabolic
bull
run,”
he
said
in
a
Mar.
31
X
post,
arguing
that
the
meme
coin
seems
to
be
mirroring
a
2018-2021
technical
pattern
that
triggered
a
huge
breakout.

The
Dogecoin
Price
Trying
To
Escape
A
Bearish
Channel

4-hour
chart
for
DOGE/USDT
(Source:


TradingView)

The


Dogecoin

price
is
attempting
to
escape
a
short-term
descending
price
channel
that
formed
on
its
charts
in
the
last
couple
of
days.
Should
it
rise
above
this
channel
in
the
coming
12
hours,
the
meme
coin
could
attempt
to
flip
the
$0.19650
resistance
into
support
soon.
A
4-hour
candle
close
higher
than
this
threshold
might
then
be
identified
as
a
buy
signal
by
traders,
which
could
lead
to
DOGE
rising
to
as
high
as
$0.22718
in
the
following
48
hours.

This
bullish
thesis
might
be
invalidated
if
the
Dogecoin
price
fails
to
escape
the
bearish
price
channel
within
the
next
24
hours.
DOGE
could
be
at
risk
of
retesting
the
$0.16750
support
as
a
result.
Continued
sell
pressure
should
the
meme
coin
leader
drop
to
this
level
might
push
it
down
to
as
low
as
$0.14471
in
the
short
term.

Buyers
Might
Soon
Push
The
Dogecoin
Price
Higher

Technical
indicators
on


DOGE’s

4-hour
chart
suggest
buyers
are
sowly
making
a
comeback.
Both
the
Relative
Strength
Index
(RSI)
and
Moving
Average
Convergence
Divergence
(MACD)
indicators
show
signs
of
bulls
growing
stronger
against
bears. 

Sellers
still
have
the
upper
hand
against
buyers.
However,
this
may
soon
change
as
the
RSI
rises
towards
its
Simple
Moving
Average
(SMA)
line
on
the
4-hour
chart.
The
former
crossing
above
the
latter
might
signal
a
major
shift
in
strength
that
favors
bulls.

DOGE’s
bearish
trend
also
seems
to
be
slowly
transitioning
to
bullish,
as
signaled
by
the
narrowing
gap
between
the
MACD
and
MACD
Signal
line.
Although
the
MACD
line
is
positioned
below
the
MACD
Signal
line,
indicating
that
DOGE
is
still
in
a
negative
phase,
the
MACD
Histogram
is
approaching
zero.
This
could
be
a
sign
that
the
Dogecoin
price’s
bearish
trend
has
reached
a
peak
and
sellers’
momentum
is
weakening.

A
potential
reason
for
bulls
re-entering
the
meme
coin’s
charts
could
be
the
upcoming
International


DOGE
Day

on
Apr.
20.

Dogecoin
surged
50%
in
the
run-up
to
this
historic
day
last
year,
and
its
community
of
loyal
followers
are
anticipating
another
surge
in
the
coming
three
weeks.

This
could
be
the
perfect
backdrop
from
which
the


Dogecoin20
presale

could
explode
when
it
goes
live
on
decentralized
exchanges
on
this
year’s
DOGE
Day.

Investors
Flock
To
This
2.0
Dogecoin

Dogecoin20
marks
the
first
major
upgrade
to
the
Dogecoin
branding
and
technology
since
the
original
meme
coin
launched
in
December
2013.

Deployed
on
the
Proof
of
Stake
Ethereum
network,
Dogecoin20
(DOGE20)
is
a
more
eco-friendly
version
of
the
beloved
meme
coin,
which
runs
on
the
legacy
Proof
of
Work
consensus.

DOGE20
holders
are
also
able
to
stake
their
tokens
for
additional
rewards,
introducing
a
level
of
utility
into
the
mix.

Investors
scrambled
to
Dogecoin20’s
presale
shortly
after
it
went
live.
So
much
so,
that
the
ICO
sold
out
sooner
than
the
team
had
expected,
raising
more
than
$10
million
in
the
process.

Due
to
this
extreme
popularity,
the
team
behind
the
meme
coin
have
chosen
to
offer
investors
one
last
chance
to
purchase
DOGE20
before
it
lists
on
decentralized
exchanges
on
Apr.
20.

Set
To
Outperform
DOGE
In
The
Long
Run

Unlike
Dogecoin,
DOGE20
has
a
fixed
token
supply.
This
gives
DOGE20
an
edge
over
its
predecessor
and
unlocks
greater
growth
potential
than
that
of
the
original
Dogecoin. 

Although
Dogecoin
has
come
a
long
way
since
its
launch
to
become
the
largest
meme
coin
by
market
cap,
its
price
has
not
been
able
to
break
above
$1.
With
a
capped
supply
of
140
billion
tokens,
DOGE20
has
the
potential
to
do
what
DOGE
never
could
and
overcome
this
price
barrier.

$10M
Raised
and
Counting:
Why
Dogecoin20
is
Going
Viral
Ahead
of
Doge
Day?https://t.co/Op6F4Gbeol

—
John
Morgan
(@johnmorganFL)

April
1,
2024

With
under
three
weeks
away
until
its
listing
on
decentralized
exchanges,
investors
might
want
to
hurry
and
buy
DOGE20
before
it
realizes
its
vast
potential.

Currently
selling
for
$0.00022,
DOGE20
can
be
bought
using
either
ETH,
USDT,
BNB
or
a
bank
card.
Buyers
at
this
early
stage
also
have
access
to
up
to
63%
in
annual
staking
rewards.

DOGE20
can
be
purchased
on
its
official
website
here.

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