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Title: Dogecoin Price Prediction: Pundit Says Expect DOGE at $1.30 if This Level Holds
In a recent update, cryptocurrency analyst Kevin shared his insights on the current market trends of Dogecoin (DOGE). According to him, if the price can hold above the crucial level of $0.26, it could potentially lead to an astonishing rally that would propel DOGE to a measured move target of $1.30.
The analysis suggests that as long as Dogecoin remains trading above the $0.26 threshold, the broader bullish outlook for the cryptocurrency stays intact. This comes as a significant boost to DOGE enthusiasts who have been waiting patiently for a price uptick.
For those unfamiliar, the concept of a “measured move” is based on technical analysis and refers to the potential trajectory that an asset’s price could take after breaking out of a predetermined range. In this case, if Dogecoin can successfully break through its falling channel to the upside, it could potentially lead to a massive 280% increase in value.
In comparison, reaching this target from the current DOGE price would be a relatively modest increase compared to other projections that foresee potential gains as high as 1,000%.
Source: bitcoinist.com
