DODECOIN (DOGE) Price: Can this Meme coin really increase to $ 20?


TLDR

  • Dogecoin Price tests the 100-week simple moving mean (SMA), historically a critical level for trend uses
  • New Dogecoin wallet addresses have doubled from 16,400 to 34,600 in the last month despite price decreases
  • Analyst Ali Martinez predicts a potential 11811% increase to $ 20 if key support to $ 0.16 holds
  • Technical analysis shows that Dogecoin has trends in a rising channel since 2015
  • Cryptocurrency has increased by 1.3% over the past year despite recent volatility and monthly losses of 33.8%

Dogecoin has been on a roller coaster in recent weeks. The popular Meme Cryptocurrency has shown mixed performance with a small uptake of 1% over the past 24 hours but remains 17.2% for the week and 33.8% in the past month.

Despite this latest volatility, Dogge has managed to maintain an increase of 1.3% over the past year. This resilience has received attention from several analysts who are now studying technical indicators to predict future price movements.

    Dogecoindoge price
Dogropa
Dogge price

The 100-week simple moving average (SMA) has emerged as a critical level for Dogecoin. According to Trader Tardigrade, a well -known analyst at X, Dogge has historically entered strong haus phases after breaking over this long -term resistance level.

When you look at previous market cycles, a clear pattern emerges. During Bull Run 2017-2018 Dogecoin remained during 100-week SMA before he broke out and triggered a rally.

A similar pattern occurred during the bull market 2020-2021. Dogecoin grew after crossing over 100-week SMA and later used this level as support during retrocies.

Dogge is currently testing this key level again. If the story repeats itself, a successful breakout can press Dogecoin against $ 2.80, according to Trader Tardigade’s analysis.

Relative Strength Index (RSI) provides additional haus -like signals. Diagram shows that Doge has entered the over -sold zone, a condition that has highlighted price bottoms before previous trends.

This technical installation follows a pattern where Dogge forms a low before creating a lower low while RSI remains oversold. Historically, this pattern has preceded the hausse -like turns in the Dogecoin Prize.

Another analyst, cryptoelites, points to a symmetrical triangle outbreak pattern in Dogecoin’s price measure. Based on this formation, Dogge can potentially reach $ 5 if the market moment remains strong and macroeconomic conditions remain favorable.

Data on the chain reveals growing assumptions despite the latest prices. Glassnode -data shows that new Dogge wallet addresses have more than doubled in just one month and rise from 16,400 on February 8 to 34,600 by March 10.

This increase in network activity indicates that the increased interest in dogecoin even when prices have dropped. Historically, rising adoption has preceded hausse -like price measures for Meme Cryptocurrency.

Ali Martinez, another market analyst, has made an even more hilarious prediction. He suggests that Dogecoin could increase by 11,811% to reach $ 20 if it maintains support at the decisive $ 0.16 level.

Martinez notes that Dogecoin has trends within a rising channel since 2015. The current price is close to the lower limit for this channel, which has served as support during previous declines.

If this support holds, Martinez believes that Doge can bounce to the center or upper limit of the rising channel. These goals correspond to extension levels 1,272 and 1.618 Fibonacci to $ 2.77 and $ 20 respectively.

The prediction of $ 20 adapts to a previous call from analyst Javon Marks, who insisted that this goal is realistic for the MEME coin given the right market conditions.

From March 13, 2025, Dogecoin is about $ 0.17, an increase of 2% since the beginning of the day. Cryptocurrency continues to hold above the critical support level of $ 0.16 identified by analysts.

The doubling of new wallet addresses over the past month supports the case for growing assumption. This metric moved from 16,400 to 34,600 new wallets in the midst of renewed interest in the Dogecoin ecosystem.

Technical indicators, network growth and historical designs all indicate that Dogecoin can place for a potential rally. However, Cryptocurrency must first overcome immediate resistance levels to confirm this hausse view.



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