fxstreet.com 08 Feb, 2021 06:00 am

DOGE targets 30% upswing to $0.10 but analysts believe a crash is imminent

DOGE targets 30% upswing to $0.10 but analysts believe a crash is imminent
Dogecoin has been trending ever since the ‘Reddit Rebellion’ was picked up by mainstream media. Telegrams groups and celebrities have done their fair

Dogecoin price rose 35% after it broke out of a bull pennant pattern on February 6.Dogecoin price history shows that this is entirely possible.DOGE/BTC 1-week chart Assuming that Dogecoin price follows a similar trend than in the past, the 1,000% bull rally seen recently in the DOGE/BTC trading pair might fully retrace to levels last seen in mid-2020.dollar hints at another rally Despite the skepticism around Dogecoin price, the DOGE/USD pair recently broke out of a bull pennant.

The bullish impulse came after rapper Snoop Dogg shared interest in the meme coin.Now that the meme coin is more valuable than a few promising DeFi projects, renowned technical analysts believe that a market top is near.

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