According to a dedicated cryptocurrency expert, it’s possible that the popular meme coin, Dogecoin (DOGE), could experience a significant surge upward in value.
As a fellow crypto enthusiast, I’m excited to share some insights with you all. Today, I’ve noticed that Dogecoin (DOGE) might be shaping up as a bullish reversal pattern on the daily chart. If this trend continues, we could see DOGE surging by an impressive 76% from its current value. Let’s keep a close eye on it! #CryptoLife 🚀🐶
“Dogecoin seems to be shaping a double bottom pattern, targeting $0.42!”
The analyst indicates that for Dogecoin to continue its upward trend, it must surpass a significant barrier at approximately $0.36, according to its URPD or Unspent Transaction Output Realized Price Distribution. This statistical tool records the number of coins that were last transacted within a specific price range.
“As Dogecoin overcomes the $0.20 resistance barrier, the next key hurdle to watch is $0.36!”
DOGE is trading for $0.238 at time of writing, up 12.5% in the last 24 hours.
In the near future, the analyst predicts that Bitcoin could rise by over 12% from its current price if it manages to maintain $121,000 as a base or support level.
“A daily close above $121,000 could pave the way for Bitcoin to rally toward $132,000!”
Additionally, he notes that Bitcoin may encounter significant opposition around the price point of $121,500, as this area represents a notable resistance level according to Bitcoin’s chart showing the distribution of highly-leveraged positions.
“Traders keep shorting Bitcoin, building a big liquidation wall at $121,500!”
To conclude, the analyst points out that the increase in significant Bitcoin transactions suggests a buoyant market, having hit a fresh peak in the last three months.
“The total volume of large Bitcoin transactions surpassed $133.55 billion!”
Bitcoin is trading for $117,770 at time of writing.
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2025-07-18 22:11