Analyst’s Perspective:
Crypto analyst Credible believes Dogecoin (DOGE) may decline regardless of Bitcoin’s (BTC) performance. He explains that DOGE could fall due to:
- BTC decline: If BTC falls, DOGE is likely to follow suit.
- BTC surge: A significant BTC rally could draw attention and liquidity away from altcoins like DOGE.
BTC’s Expected Trajectory:
Credible predicts a substantial BTC move towards $100,000. This could lead traders to sell their altcoins to ride the BTC rally.
Dogecoin’s Resistance:
Analyst Ali Martinez notes that DOGE faces resistance between $0.166 and $0.171. However, a breakout above this level could lead to a 100% surge, with the next resistance at $0.322.
Current DOGE Price:
At the time of writing, DOGE is trading at $0.166.
Disclaimer:
This article does not provide investment advice. Investors should conduct thorough research before making any high-risk investments in cryptocurrencies./p>
