DOGE Price Hits $0.30 as Crypto Market Stays in Buy Zone
The post DOGE Price Hits $0.30 as Crypto Market Stays in Buy Zone appeared on BitcoinEthereumNews.com. DOGE price surges 10% to $0.30, boosted by strong technicals, Elon Musk’s support, and growing global retail investor optimism. Dogecoin (DOGE) has made a strong comeback in the crypto market. In the last 24 hours, its price jumped nearly 10%, crossing the $0.30 mark. This increase has attracted the attention of traders and analysts. According to well-known market expert Ali Martinez, DOGE may be about to make even larger gains. He believes the overall market is still in a “Buy Zone.” Dogecoin Technical Setup Mirrors Historic Rally Zones, Analysts Say On Friday, Martinez shared his thoughts on X, what used to be called Twitter. He posted a chart that showed Dogecoin has returned to an important technical zone. This zone has resulted in major rallies in the price in the past. For example, similar arrangements in 2017, 2021 and 2023-2024 led to huge surges. Martinez pointed out that DOGE still bounces off a long-term support trend. Each bounce has been followed by parabolic rallies. In addition, Martinez’s analysis is consistent with an increasing optimism in the market. Earlier this week, Elon Musk gave positive mentions to Dogecoin on X. His comments helped increase the visibility of the coin and may have played a role in the recent rally. Musk has been a long-time supporter of DOGE and his influence on its price is well-documented. Related Reading: CleanCore Secures $175M to Launch Dogecoin Treasury | Live Bitcoin News Moreover, there is current market data to support the bullish trend. CoinMarketCap observed a 10 % rise in the DOGE price in 24 hours. It crept up to $0.30, with good trading volume. Analysts say that the ascending wedge pattern on the chart is reminiscent of the pattern that preceded DOGE’s massive rally in 2021. That year, Dogecoin gained more than 12,000% when…
The post DOGE Price Hits $0.30 as Crypto Market Stays in Buy Zone appeared on BitcoinEthereumNews.com.
DOGE price surges 10% to $0.30, boosted by strong technicals, Elon Musk’s support, and growing global retail investor optimism. Dogecoin (DOGE) has made a strong comeback in the crypto market. In the last 24 hours, its price jumped nearly 10%, crossing the $0.30 mark. This increase has attracted the attention of traders and analysts. According to well-known market expert Ali Martinez, DOGE may be about to make even larger gains. He believes the overall market is still in a “Buy Zone.” Dogecoin Technical Setup Mirrors Historic Rally Zones, Analysts Say On Friday, Martinez shared his thoughts on X, what used to be called Twitter. He posted a chart that showed Dogecoin has returned to an important technical zone. This zone has resulted in major rallies in the price in the past. For example, similar arrangements in 2017, 2021 and 2023-2024 led to huge surges. Martinez pointed out that DOGE still bounces off a long-term support trend. Each bounce has been followed by parabolic rallies. In addition, Martinez’s analysis is consistent with an increasing optimism in the market. Earlier this week, Elon Musk gave positive mentions to Dogecoin on X. His comments helped increase the visibility of the coin and may have played a role in the recent rally. Musk has been a long-time supporter of DOGE and his influence on its price is well-documented. Related Reading: CleanCore Secures $175M to Launch Dogecoin Treasury | Live Bitcoin News Moreover, there is current market data to support the bullish trend. CoinMarketCap observed a 10 % rise in the DOGE price in 24 hours. It crept up to $0.30, with good trading volume. Analysts say that the ascending wedge pattern on the chart is reminiscent of the pattern that preceded DOGE’s massive rally in 2021. That year, Dogecoin gained more than 12,000% when…
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