Cryptocurrency analyst known as DonAlt made exciting statements for Dogecoin investors.
The experienced figure declared on the YouTube channel TechnicalRoundup that Dogecoin is ready for a 550% increase and set 1 dollar as the price target.
Stating that the current bull market will be ““very, very big,” the analyst emphasized that it is impossible for DOGE not to reach 1 dollar in such a market.
The analyst also noted that DOGE/BTC is positioned just above a very nice support region, which has greatly increased its appetite:
My reason for finding DOGE interesting is that it has returned to support on the Bitcoin chart. From this point of view, the target is 1 dollar. I think this is not the worst… especially when trading at 0.12 or 0.13 dollars, because this will be the most appropriate entry from 0.10 dollars, just %20 away.
The analyst also said that despite all corrections, Bitcoin is in an upward trend and that as long as the %43 rise candlestick in February is not erased by a significant drop, this trend will continue.
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