{"id":610274,"date":"2024-05-28T23:00:48","date_gmt":"2024-05-28T23:00:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=610274"},"modified":"2024-06-11T07:04:16","modified_gmt":"2024-06-11T07:04:16","slug":"breaking-barriers-dogecoin-could-double-if-key-resistance","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/breaking-barriers-dogecoin-could-double-if-key-resistance\/","title":{"rendered":"Breaking Barriers: Dogecoin Could Double If Key Resistance Crumbles – Analyst"},"content":{"rendered":"

Dogecoin (DOGE) is currently at a pivotal juncture, confronting substantial resistance levels that could significantly impact its future price trajectory. Crypto analyst Ali highlights<\/a> a critical resistance zone on DOGE’s chart.<\/p>\n

Despite the asset’ currently facing a price decline, Ali noted that should the Dogecoin price break above this key resistance, we could see a massive rally for the memecoin<\/a>.<\/p>\n

Related Reading: Dogecoin Bulls On The Rise: Analyst Highlight Path To $0.2<\/a><\/div>\n

DOGE’s Decisive Battle: Overcoming Critical Resistance for Potential Price Surge<\/h2>\n

In a post published on May 28, Ali highlighted a critical resistance zone between $0.166 and $0.171, notably bolstered by the collective holdings<\/a> of approximately 10 billion DOGE held by 75,500 addresses.<\/p>\n

This significant aggregation of Dogecoin at these specific price points forms a strong barrier, complicating the asset’s ability to surge in value.<\/p>\n

Ali posits that if Dogecoin can effectively surpass this resistance, it may trigger a substantial price surge. Breaking through this level could lead to doubling its current price, setting the stage for an assault on the next major resistance mark at $0.322.<\/p>\n

\n

#Dogecoin<\/a> is encountering significant resistance between $0.166 and $0.171, where 75,500 addresses have acquired nearly 10 billion $DOGE<\/a>. However, once this barrier is overcome, #DOGE<\/a> has the potential to double, with the next key resistance around $0.322 pic.twitter.com\/p02Cks63EI<\/a><\/p>\n

\u2014 Ali (@ali_charts) May 28, 2024<\/a><\/p><\/blockquote>\n

This scenario presents a potentially lucrative opportunity for investors but also requires navigating a densely packed zone of accumulated holdings that could stall or propel Dogecoin’s ascent in the market.<\/p>\n

The importance of this resistance zone is further magnified by current market conditions, where Dogecoin has experienced a correction, decreasing by 4.9% in the past 24 hours and settling at a trading price of $1.633.<\/p>\n

\"Dogecoin
DOGE price is moving downwards on the 4-hour chart. Source: DOGE\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

This downturn is part of a broader altcoin retreat. Dogecoin’s open interest declined by 8.26% over the past day, although its open interest volume surged nearly 20% in the same period.<\/p>\n

\"DOGE
DOGE Futures Open Interest (USD). | Source: Coinglass<\/a><\/figcaption><\/figure>\n

Other Predictions And Market Sentiment Around Dogecoin<\/h2>\n

Despite the immediate challenges, some analysts remain optimistic about Dogecoin. Mags, a noted crypto analyst, has recently predicted a potential 700% increase<\/a> in Dogecoin\u2019s price, propelling it above the $1 mark.<\/p>\n

This bullish forecast is supported by recent improvements in Dogecoin’s on-chain metrics, suggesting a robust recovery<\/a> and promising prospects for the meme coin.<\/p>\n

Related Reading: Dogecoin Whales On The Move: Transactions Surge More Than 50% Amid ETF Speculation<\/a><\/div>\n

Mags shared his enthusiasm on X, indicating his investment<\/a> in DOGE over the past few months in anticipation of significant gains.<\/p>\n

\n

$DOGE<\/a> about to go parabolic..<\/p>\n

Last cycle, I shared Dogecoin before it went up by 170x.<\/p>\n

I’ve been accumulating Dogecoin for the past few months and my bags are loaded.<\/p>\n

I’m expecting a 7x return this cycle. See you at $1+ \ud83e\udee1 pic.twitter.com\/OeXdDMpJDZ<\/a><\/p>\n

\u2014 Mags (@thescalpingpro) May 25, 2024<\/a><\/p><\/blockquote>\n

Featured image from DALL\u00b7E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE) is currently at a pivotal juncture, confronting substantial resistance levels that could significantly impact its future price trajectory. Crypto analyst Ali highlights a critical resistance zone on DOGE’s chart. Despite the asset’ currently facing a price decline, Ali noted that should the Dogecoin price break above this key resistance, we could see a massive rally for the memecoin. Related Reading: Dogecoin Bulls On The Rise: Analyst Highlight Path To $0.2 DOGE’s Decisive Battle: Overcoming Critical Resistance for Potential Price Surge In a post published on May 28, Ali highlighted a critical resistance zone between $0.166 and $0.171, notably bolstered by the collective holdings of approximately 10 billion DOGE held by 75,500 addresses. This significant aggregation of Dogecoin at these specific price points forms a strong barrier, complicating the asset’s ability to surge in value. Ali posits that if Dogecoin can effectively surpass this resistance, it may trigger a substantial price surge. Breaking through this level could lead to doubling its current price, setting the stage for an assault on the next major resistance mark at $0.322. #Dogecoin is encountering significant resistance between $0.166 and $0.171, where 75,500 addresses have acquired nearly 10 billion $DOGE. However, once this barrier is overcome, #DOGE has the potential to double, with the next key resistance around $0.322 pic.twitter.com\/p02Cks63EI \u2014 Ali (@ali_charts) May 28, 2024 This scenario presents a potentially lucrative opportunity for investors but also requires navigating a densely packed zone of accumulated holdings that could stall or propel Dogecoin’s ascent in the market. The importance of this resistance zone is further magnified by current market conditions, where Dogecoin has experienced a correction, decreasing by 4.9% in the past 24 hours and settling at a trading price of $1.633. This downturn is part of a broader altcoin retreat. Dogecoin’s open interest declined by 8.26% over the past day, although its open interest volume surged nearly 20% in the same period. Other Predictions And Market Sentiment Around Dogecoin Despite the immediate challenges, some analysts remain optimistic about Dogecoin. Mags, a noted crypto analyst, has recently predicted a potential 700% increase in Dogecoin\u2019s price, propelling it above the $1 mark. This bullish forecast is supported by recent improvements in Dogecoin’s on-chain metrics, suggesting a robust recovery and promising prospects for the meme coin. Related Reading: Dogecoin Whales On The Move: Transactions Surge More Than 50% Amid ETF Speculation Mags shared his enthusiasm on X, indicating his investment in DOGE over the past few months in anticipation of significant gains. $DOGE about to go parabolic.. Last cycle, I shared Dogecoin before it went up by 170x. I’ve been accumulating Dogecoin for the past few months and my bags are loaded. I’m expecting a 7x return this cycle. See you at $1+ \ud83e\udee1 pic.twitter.com\/OeXdDMpJDZ \u2014 Mags (@thescalpingpro) May 25, 2024 Featured image from DALL\u00b7E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":609176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[134,6664,10923,1785,7,92453,79600],"class_list":["post-610274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-altcoin","tag-crypto","tag-crypto-market","tag-doge","tag-dogecoin","tag-dogecoin-market","tag-dogeusdt"],"acf":[],"yoast_head":"\nBreaking Barriers: Dogecoin Could Double If Key Resistance Crumbles - Analyst<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) is currently at a pivotal juncture, confronting substantial resistance levels that could significantly impact its future...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/dogecoin\/breaking-barriers-dogecoin-could-double-if-key-resistance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Barriers: Dogecoin Could Double If Key Resistance Crumbles - 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Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Breaking Barriers: Dogecoin Could Double If Key Resistance Crumbles – Analyst","url":"http:\/\/ktsl888.com\/news\/dogecoin\/breaking-barriers-dogecoin-could-double-if-key-resistance\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/dogecoin\/breaking-barriers-dogecoin-could-double-if-key-resistance\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/DALL\u00b7E-2024-05-21-17.55.11-A-dynamic-digital-artwork-of-Dogecoin-DOGE-rocketing-towards-a-target-of-0.2.-The-background-shows-a-vibrant-digital-financial-landscape-with-upwa.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/DALL\u00b7E-2024-05-21-17.55.11-A-dynamic-digital-artwork-of-Dogecoin-DOGE-rocketing-towards-a-target-of-0.2.-The-background-shows-a-vibrant-digital-financial-landscape-with-upwa.jpg?fit=1024%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","crypto market","doge","dogecoin","dogecoin market","dogeusdt"],"dateCreated":"2024-05-28T23:00:48Z","datePublished":"2024-05-28T23:00:48Z","dateModified":"2024-06-11T07:04:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Breaking Barriers: Dogecoin Could Double If Key Resistance Crumbles – Analyst\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin\\\/breaking-barriers-dogecoin-could-double-if-key-resistance\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin\\\/breaking-barriers-dogecoin-could-double-if-key-resistance\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/DALL\\u00b7E-2024-05-21-17.55.11-A-dynamic-digital-artwork-of-Dogecoin-DOGE-rocketing-towards-a-target-of-0.2.-The-background-shows-a-vibrant-digital-financial-landscape-with-upwa.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/DALL\\u00b7E-2024-05-21-17.55.11-A-dynamic-digital-artwork-of-Dogecoin-DOGE-rocketing-towards-a-target-of-0.2.-The-background-shows-a-vibrant-digital-financial-landscape-with-upwa.jpg?fit=1024%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"crypto market\",\"doge\",\"dogecoin\",\"dogecoin market\",\"dogeusdt\"],\"dateCreated\":\"2024-05-28T23:00:48Z\",\"datePublished\":\"2024-05-28T23:00:48Z\",\"dateModified\":\"2024-06-11T07:04:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/DALL\u00b7E-2024-05-21-17.55.11-A-dynamic-digital-artwork-of-Dogecoin-DOGE-rocketing-towards-a-target-of-0.2.-The-background-shows-a-vibrant-digital-financial-landscape-with-upwa.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/610274"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=610274"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/610274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/609176"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=610274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=610274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=610274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}