Dogecoin (DOGE) Surges Amid Bullish Market: Aiming for $1.35 by Mid-April
- Dogecoin remains above key support levels, benefiting from Bitcoins surge and the overall bullish market.
- Experts predict DOGE could reach $1.35 within 70 days, with a market cap of around $200 billion by mid-April.
- Dogecoin is likely to experience a surge after a period of sideways trading, with a major move expected by mid-April.
Dogecoin (DOGE) is holding strong above its crucial support level, experiencing a surge in value as the overall cryptocurrency market enters a bullish phase. Bitcoins recent rally has sparked a recovery across the altcoin market, with DOGE emerging as one of the top beneficiaries of this renewed interest. As Bitcoins surge continues to drive the market, DOGE looks poised for significant gains in the coming weeks.
After months of sideways movement, DOGE has been showing impressive strength, staying above its key support levels. This stability comes as Bitcoins renowned surge has created a ripple effect, lifting altcoins and providing a much-needed boost for DOGE. The overall market sentiment is highly bullish, and Dogecoin is capitalizing on the growing interest in cryptocurrencies.
Dogecoin Could Reach $1.35 By Mid April
According to crypto expert Master Kenobi, Dogecoin could hit $1.35 within 70 days from the February 3rd lows, following the timing of the last market cycle. This prediction aligns with mid-April, a critical period that coincides with one year since Bitcoins halving event. The last halving cycle marked a major rally in the cryptocurrency market, and the same could happen again, driving Dogecoin toward a market capitalization of approximately $200 billion.
Sideways Movement Before Major Surge
Kenobi notes that before Dogecoin experiences any massive upward movement, there is often a period of sideways trading. This pattern has been seen in previous cycles, and its likely that DOGE will follow a similar trajectory before embarking on its next significant surge. The peak of this rally is expected around mid-April, coinciding with Bitcoins halving anniversary.
As the crypto market remains in a bullish phase, Dogecoin is well-positioned to see substantial growth. Investors are keeping a close eye on the upcoming months, especially as Bitcoins movements continue to influence altcoins. If the market follows historical patterns, DOGE could be on track to reach new highs, with $1.35 serving as the next major milestone.
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Read more: https://www.tronweekly.com/dogecoin-doge-surges-amid-bullish-market-aiming-for-1-35-by-mid-april/
Text source: TronWeekly
