Dogecoin (DOGE) Eyes Major Breakout, Analysts Eyes $2.74
Sentiment seems to be turning to the bullish side. The attention of crypto analysts and experts in the Dogecoin (Doge) of the world’s largest and most popular meme coin.
What experts think of Doge Meme Coin
Recently, a well-known crypto expert posted on X (formerly Twitter) with bold predictions. The expert expressed the bullish outlook and pointed out that Doge maintained its position in the rising parallel channels. Based on historical price momentum, if the Meme coin is priced above $0.16, it is still hoped that it can reach $2.74 or even $6.24 in the next few days.
https://twitter.com/ali_charts/status/1897396450528809329
Current price motivation
Today, March 6, 2025, overall cryptocurrency market sentiment seems to be positive, with the main assets of Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) (Solana (Sol) (Solana (Sol)) at 3.25%, 2.80% and 2.15% respectively.
Dogecoin (Doge) price action and upcoming levels
In this bullish momentum, Doge has risen 3.29% over the past 24 hours, and currently trading is close to $0.204. However, despite the continued price, the volume of meme coins fell by 45%, indicating a lower participation rate among traders and investors compared to the previous day.
In addition, Coinpedia’s technical analysis shows that Doge appears optimistic, but is currently facing moderate resistance at the 0.205 level. According to recent price action and historical patterns, if the meme coin violates this resistance and closes the daily candle above $0.21, it could hit 18% in the coming days, reaching $0.245.
In addition to the bullish outlook, another factor supporting it is the current retest of the support level. During the recent price drop, the meme coin found crucial support at $0.18 and is now rising. The daily chart shows that this support level has a history of triggering bullish price reversals.
