Dogecoin Price Closes the Week Higher Than Before the Halving, Could It Reach Over $0.20 Next?

Dogecoin Could Rise to $0.27, But Needs to Hold Key Level

Crypto analyst Rekt Capital shared his thoughts on Dogecoin's (DOGE) price. He believes the coin might rise to $0.27 if it stays above a key level of $0.20.

Rekt Capital pointed out that Dogecoin closed above its pre-halving highs, showing signs of turning old resistance into new support. If DOGE can maintain the $0.20 level, it might continue its rise toward $0.27.

Another analyst, Ali Martinez, agreed, saying Dogecoin is facing strong resistance, which could lead to a price drop. However, analyst Master Kenobi thinks the coin will keep gaining momentum and might even hit a new all-time high (ATH) in the next five to six days. Master Kenobi previously predicted that Dogecoin could reach $1 by June, drawing comparisons to the 2017 bull run.

Dogecoin May Hit $0.37 After Breaking Resistance

Trader Tardigrade also thinks Dogecoin could reach $0.37 if it breaks through its current resistance. He pointed out a pattern on the 4-hour chart suggesting a price rise to $0.37. Tardigrade also mentioned that the coin is following an upward trend above $0.24.

He agreed with Master Kenobi’s prediction, suggesting that Dogecoin might continue its climb to $1. Additionally, Tardigrade noted a bullish crossover in Dogecoin’s weekly MACD, which could signal more gains.

As of now, Dogecoin is trading at about $0.22, down 7% in the last 24 hours according to CoinMarketCap.