Dogecoin (DOGE) To Breakout, Gains A More Than 100% Spike In March

• The biggest rival to meme token Shiba Inu (SHIB) is showing bullish support, which may propel it higher.
• DOGE has been facing resistance around the $0.0940 price level for the greater part of a year, but if it holds, it could imply that a breakout to $0.159 is near.

According to a crypto analyst, Elon Musk could trigger the meme token Dogecoin (DOGE) to break through a long-standing resistance level.

According to Pentoshi, Musk might be the catalyst that propels Dogecoin to new heights.

Musk, a proponent of Dogecoin, is working to allow cryptocurrency payments on Twitter, the microblogging social media platform he purchased last year.

Pseudonymous analyst Pentoshi informs that the biggest rival to meme token Shiba Inu (SHIB) is showing bullish support, which may propel it higher.

He claims that DOGE has been facing resistance around the $0.0940 price level for the greater part of a year, but if it holds, it could imply that a breakout to $0.159 is near.

On a real note, think DOGE here is at an important level. Breaking out from the range highs that has stopped it for the better part of almost a year. Would like to see this level hold and have follow through to the upside. More of an impulsive coin so not always easy to catch.

Previously, Smart Contracter, another cryptocurrency analyst, believes Dogecoin has found a low.

He claims that DOGE is performing well versus Bitcoin (BTC), having recovered from a support level of 0.00000387 DOGE/BTC.

According to his chart, Dogecoin will experience a more than 100% spike in March, reaching 0.00000808 DOGE/BTC.

Admittedly, DOGE/USD looks like a hot… mess to my eyes, but DOGE/BTC OTOH [on the other hand] looks gearing up for a revenge pump of probably 100% or more. Would be negligence on my part if I did not have a bag of this.

At the time of writing, Dogecoin is trading at $0.0920, or 0.00000393 DOGE/BTC.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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Thana

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