Crypto market watcher Ali Martinez believes that Dogecoin (DOGE) has the potential to increase by up to 2,871% this season. Martinez notes that despite recent volatility, DOGE is trading within a long-term ascending parallel channel, indicating a bullish structure. Currently trading at $0.2100, DOGE is near a major support level at $0.16, and a strong defense of this level could trigger a rebound towards the mid-channel target of $2.74. Martinez suggests that if momentum continues to build, DOGE could potentially reach the upper boundary of $6.24, resulting in a 2,871% increase. However, critics argue that DOGE lacks practical utility and faces technological limitations, relying heavily on hype and suffering from inflation due to its unlimited supply.



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