The price of Dogecoin (DOGE) is indicating a potential breakout with a new all-time high in sight, according to crypto analyst Trading Shot. The analysis shows that Dogecoin has entered its parabolic phase, following a cyclical trend seen in its past market cycles. The recent accumulation phase and price consolidation set the stage for bullish movement. The analyst predicts that the next target for Dogecoin is $2, based on historical patterns and Fibonacci levels. Another crypto trading expert, Ali Martinez, also suggests a possible breakout for Dogecoin, citing technical indicators such as the Relative Strength Index (RSI) and resistance levels. Despite short-term weakness, Dogecoin's outlook remains optimistic as it navigates key resistance levels. However, market sentiment will play a role in determining Dogecoin's next price target.



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