{"id":662121,"date":"2024-12-14T00:00:52","date_gmt":"2024-12-14T00:00:52","guid":{"rendered":"https:\/\/uniquehot.com\/?p=662121"},"modified":"2024-12-13T12:14:46","modified_gmt":"2024-12-13T12:14:46","slug":"dogecoin-will-see-new-ath-soon-top-trader-sets-2-target","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-will-see-new-ath-soon-top-trader-sets-2-target\/","title":{"rendered":"Dogecoin Will See New ATH Soon \u2013 Top Trader Sets $2 Target"},"content":{"rendered":"

Dogecoin is testing demand above the $0.40 level following several days of consolidation below its yearly high of $0.484. This period of choppy price action has kept traders on edge, as Dogecoin’s price appears poised for a decisive move. Despite the temporary pause in upward momentum, market sentiment remains optimistic, with many investors anticipating another breakout.<\/span><\/p>\n

Related Reading: Solana To New ATH Before Christmas \u2013 Analyst Expects $300 Soon<\/a><\/div>\n

Top analyst and trader Hardy recently shared a technical analysis highlighting Dogecoin\u2019s potential for a massive price surge. According to Hardy, it’s only a matter of time before DOGE breaks into new all-time highs. His analysis suggests that Dogecoin is building a strong foundation, and continued consolidation at current levels is a bullish signal.<\/span><\/p>\n

If Dogecoin maintains support above $0.40<\/a>, the stage could be set for a significant rally in the coming weeks. However, much will depend on broader market conditions and the ability of DOGE to sustain buying pressure. All eyes are on its ability to overcome resistance and resume its bullish trend. With whale activity and trading volumes showing signs of growth, Dogecoin could soon retest its highs, ushering in a new chapter of price discovery.<\/span><\/p>\n

Dogecoin Consolidates At Current Levels<\/span><\/h2>\n

Dogecoin is consolidating below its yearly high of $0.484 after an impressive rally, and it appears this phase of sideways movement may persist for some time. While the price action has calmed, investor sentiment remains notably optimistic, with many viewing this consolidation as a stepping stone toward even higher price levels.<\/span><\/p>\n

Top analyst and trader Hardy recently shared a detailed technical analysis on X<\/a>, offering a bullish outlook for Dogecoin. According to Hardy, DOGE\u2019s current price action is a healthy consolidation within a broader uptrend. He emphasized that the asset is building a solid base, which increases the likelihood of a significant breakout. Hardy\u2019s projection suggests that Dogecoin is poised to surpass its yearly high and is also on track to achieve a new all-time high (ATH).<\/span><\/p>\n

\"Dogecoin
Dogecoin consolidates at key liquidity level | Source: Hardy on X<\/a><\/figcaption><\/figure>\n

In his analysis, Hardy highlighted key support levels around $0.40 and $0.36, indicating these areas as crucial for maintaining the bullish structure. He also mapped out a potential price trajectory, predicting that Dogecoin will consolidate at current levels for several weeks before resuming its upward momentum. His optimistic target for DOGE is $2, which he believes could be reached if the broader market remains favorable and buying pressure intensifies.<\/span><\/p>\n

Related Reading: Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength<\/a><\/div>\n

While consolidation may test the patience of traders, Hardy\u2019s analysis aligns with the broader view that Dogecoin is preparing for another major leg up. A new ATH could be just around the corner as long as it holds key support levels and sentiment remains positive.<\/span><\/p>\n

DOGE Price Action: Key Levels To Watch\u00a0<\/span><\/h2>\n

Dogecoin (DOGE) trades at $0.40 after a 24% retrace from its local highs. Despite this pullback, the price has exceeded this key demand level, signaling resilience among bulls. Market participants are closely watching the $0.40 zone, representing a critical point for determining the next move in DOGE’s price action.<\/span><\/p>\n

\"DOGE
DOGE testing demand at $0.40 | Source: DOGEUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n

If DOGE can reclaim the $0.43 level in the coming days, it would likely set the stage for a retest of its yearly high at $0.484. A breakout above this resistance could reignite bullish momentum and pave the way for further upside, potentially attracting renewed interest from traders and investors. However, maintaining support and gaining traction is essential for this scenario to unfold.<\/span><\/p>\n

Related Reading: PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday \u2013 Details<\/a><\/div>\n

On the flip side, losing the $0.40 level could signal that bearish sentiment is gaining market control. In this case, DOGE might face a deeper correction, with the next critical support levels likely emerging near $0.36. Such a move would challenge the bullish outlook and delay DOGE’s efforts to reach new highs.<\/span><\/p>\n

Featured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin is testing demand above the $0.40 level following several days of consolidation below its yearly high of $0.484. This period of choppy price action has kept traders on edge, as Dogecoin’s price appears poised for a decisive move. Despite the temporary pause in upward momentum, market sentiment remains optimistic, with many investors anticipating another breakout. Related Reading: Solana To New ATH Before Christmas \u2013 Analyst Expects $300 Soon Top analyst and trader Hardy recently shared a technical analysis highlighting Dogecoin\u2019s potential for a massive price surge. According to Hardy, it’s only a matter of time before DOGE breaks into new all-time highs. His analysis suggests that Dogecoin is building a strong foundation, and continued consolidation at current levels is a bullish signal. If Dogecoin maintains support above $0.40, the stage could be set for a significant rally in the coming weeks. However, much will depend on broader market conditions and the ability of DOGE to sustain buying pressure. All eyes are on its ability to overcome resistance and resume its bullish trend. With whale activity and trading volumes showing signs of growth, Dogecoin could soon retest its highs, ushering in a new chapter of price discovery. Dogecoin Consolidates At Current Levels Dogecoin is consolidating below its yearly high of $0.484 after an impressive rally, and it appears this phase of sideways movement may persist for some time. While the price action has calmed, investor sentiment remains notably optimistic, with many viewing this consolidation as a stepping stone toward even higher price levels. Top analyst and trader Hardy recently shared a detailed technical analysis on X, offering a bullish outlook for Dogecoin. According to Hardy, DOGE\u2019s current price action is a healthy consolidation within a broader uptrend. He emphasized that the asset is building a solid base, which increases the likelihood of a significant breakout. Hardy\u2019s projection suggests that Dogecoin is poised to surpass its yearly high and is also on track to achieve a new all-time high (ATH). In his analysis, Hardy highlighted key support levels around $0.40 and $0.36, indicating these areas as crucial for maintaining the bullish structure. He also mapped out a potential price trajectory, predicting that Dogecoin will consolidate at current levels for several weeks before resuming its upward momentum. His optimistic target for DOGE is $2, which he believes could be reached if the broader market remains favorable and buying pressure intensifies. Related Reading: Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength While consolidation may test the patience of traders, Hardy\u2019s analysis aligns with the broader view that Dogecoin is preparing for another major leg up. A new ATH could be just around the corner as long as it holds key support levels and sentiment remains positive. DOGE Price Action: Key Levels To Watch\u00a0 Dogecoin (DOGE) trades at $0.40 after a 24% retrace from its local highs. Despite this pullback, the price has exceeded this key demand level, signaling resilience among bulls. Market participants are closely watching the $0.40 zone, representing a critical point for determining the next move in DOGE’s price action. If DOGE can reclaim the $0.43 level in the coming days, it would likely set the stage for a retest of its yearly high at $0.484. A breakout above this resistance could reignite bullish momentum and pave the way for further upside, potentially attracting renewed interest from traders and investors. However, maintaining support and gaining traction is essential for this scenario to unfold. Related Reading: PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday \u2013 Details On the flip side, losing the $0.40 level could signal that bearish sentiment is gaining market control. In this case, DOGE might face a deeper correction, with the next critical support levels likely emerging near $0.36. Such a move would challenge the bullish outlook and delay DOGE’s efforts to reach new highs. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":662122,"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":[1785,7,93188,93159,90958,1803,1804,1805,79600],"class_list":["post-662121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-dogecoin-ath","tag-dogecoin-bull-run","tag-dogecoin-demand","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-price-analysis","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Will See New ATH Soon \u2013 Top Trader Sets $2 Target<\/title>\n<meta name=\"description\" content=\"Dogecoin Consolidates Below $0.48, Analyst Predicts New ATH. 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