Dogecoin has shown significant growth recently and is on the verge of a major price breakthrough according to the SuperTrend indicator. In the weekly chart, the cryptocurrency has increased by over 14% and is now attempting to break the $0.21 level. If successful, it could continue its upward trend to $2 and experience a 10x growth. Elon Musk’s recent tweet referencing Dogecoin has increased investor interest in it. In the past 24 hours, Dogecoin’s price has increased by approximately 4% to $0.205, nearing a market cap of $30 billion. Daily trading volume has also increased by over 32%, indicating strong bullish sentiment among traders. Additionally, Coinglass data shows that Dogecoin futures profits have grown by about 4% to over $2 billion, with liquidations reaching $13.82 million in the past 24 hours. CryptoELITES analyst predicts Dogecoin’s 10x growth path based on the cup and handle pattern, while some traders expect Dogecoin to rise to $8 by breaking the three-month trend line. Analyst Ali Martinez also forecasts a strong uptrend if Dogecoin can break the $0.21 resistance level as indicated by the SuperTrend indicator. The SuperTrend indicator typically identifies trend reversal points, and breaking this level could signal an increase in investors’ buying inclination. Visit the real-time digital currency price page to monitor all tokens and cryptocurrencies live.
