Analysts Predict Dogecoin Price Could Rise to 0.29 USD

Cryptocurrency analyst Ali Martinez recently tweeted that DOGE could reach $0.29 if it stays above a certain price level. Currently, Dogecoin is priced at $0.16, but it recently fell to a low of $0.13 on April 9, according to CoinMarketCap.

However, Martinez believes that if the price recovers and maintains above the level of $0.17, it is very likely that Dogecoin will soon rise to $0.29. In the post, Martinez also mentioned that as long as Dogecoin does not fall below 0.13 dollars, the possibility of a price increase is quite high.

Another famous analyst, Javon Marks, has also made a bullish prediction for Dogecoin. Marks believes that Dogecoin could even reach a new all-time high (ATH). In a post, he said Dogecoin looks "poised for another magical bull run," which could rise between 200% and 330% from its current price. This will push the price to a new ATH, which is $0.73 higher, the coin's highest price in May 2021.

Another analyst, Trader Tardigrade, also added to the optimism. He mentioned that Dogecoin has entered a special stage in the trading theory known as Wyckoff Accumulation. This theory shows that whales are starting to support Dogecoin, which could mean that the price is ready to rise. Tardigrade stated, "Phase D shows strong support, setting the stage for the next major price volatility."

Finally, the overall market sentiment towards Dogecoin seems to be good. While the market capitalization has fallen by 3.32% in the last 24 hours, the trading volume recorded today has increased by 38% to 1.06 billion dollars.