The biggest meme cryptocurrency, Dogecoin (DOGE), are you looking to break a new annual record? A recent analysis revealed that memecoin is looking to reach new heights.
The cryptocurrency analysis platform, IntoTheBlock, highlighted in a survey on April 9 that DOGE is in an upward trend, observed in recent days. The analysis emphasized the importance of Dogecoin solidly breaking the $0,20 price level.
“Dogecoin is chasing a new annual high! Currently, $DOGE is up over 10% in the last 30 days. To continue this trend and reach new highs, Dogecoin needs to solidly break the $0,20 level, where 32 thousand addresses hold 3,78 billion $DOGE at a loss,” the platform noted.
Dogecoin is looking for a new yearly high!$ DOGE is currently up by more than 10% in the last 30 days. To continue this trend and move to new highs, Dogecoin needs to solidly break the $0.20 level, where 32k addresses hold 3.78B $ DOGE at a loss. pic.twitter.com/oFTaZ1FOEn
— IntoTheBlock (@intotheblock) April 9, 2024
It is worth remembering that, on March 28, the price of the biggest meme cryptocurrency on the market, Dogecoin (DOGE) soared, reaching a new milestone by rising almost 20% in just 24 hours. During last month's rally, the Dogecoin token managed recover the $0,20 price level for the first time since December 2021.
At the time of publication, the price of Dogecoin (DOGE) was quoted at US$0,1922 with an increase of 1.6% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$2.301.875.179. In its weekly development, the DOGE price showed an increase of 6.0% in the last seven days.
Dogecoin Gearing Up for Parabolic Mega Bull Run?
The biggest meme cryptocurrency, Dogecoin Gearing Up for Parabolic Mega Bull Run? Recently, Dogecoin (DOGE) surpassed an important threshold and is showing signs that it is ready for an upward movement in the future.
In a recent analysis, cryptocurrency expert Ali Martinez noted that memecoin appears to be reflecting the 2018-2021 chart pattern, suggesting a potential massive parabolic bull run.
“I feel like my fellow degens have gotten distracted by the shiny new memecoins, but Dogecoin remains the most important altcoin in this space. From a technical point of view, DOGE appears to reflect the 2018-2021 pattern. In that case, $DOGE could be at the start of a huge parabolic bull run!” he stated.
