CandleFocus Expert Says More Upsides as Dogecoin’s Next Breakout Is Not Far Away
2025-02-17
Author: Content Editor
Multiple analyses suggest that Dogecoin may have more upside potential in this market cycle. The cryptocurrency recently closed green on the weekly timeframe, indicating a potential momentum build-up. Market analyst Ali Martinez identified the 0.618 Fibonacci level as a key area for DOGE, and other analysts have also predicted higher prices for the meme coin. Trader Tardigrade highlighted a relative strength index (RSI) indicator that suggests Dogecoin's top signal has not yet arrived. KrissPax discussed the possibility of an imminent surge for Dogecoin, citing previous breakout patterns. However, on-chain activities within the Dogecoin ecosystem remain flat, with a decrease in whale traction. Despite this, Dogecoin is currently trading at $0.2639.
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