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Is the road to $ 1 for Dogecoin Price Rally Will, will it mark a new AT in May 2025?

Last week it turned out to be one of the most profitable weeks for cryptographic markets, since after long consolidation, tokens exploded before closing. Dogecoin Price, who was stuck within a pattern for more than a month, experienced an increase of 40%, which not only broke the pattern’s resistance, but also helped the popular Memecoin to enter the massive bullish range. Meanwhile, a couple of technicians for the price of Dux can witness an upward crossover, which could trigger a 200%increase, prevailing over the next two weeks.

After the recent rupture, the price of Doge has entered its margin phase of marking in the weekly table with a lot of space to maintain an ascending trajectory before finding greater resistance. In addition, the Doge/BTC torque indicates a bullish pattern that has led to Doge’s price to increase by more than 30,000% in the last cycle. The same table that occurred just before the rupture of 2021 has appeared and, therefore, if the same rupture is repeated, then the new ATH may be well above a dollar.

Is the road to $ 1 for Dogecoin Price Rally Will, will it mark a new AT in May 2025?
Source: x

In the next few days, the increase in the price of BTC is expected to cause a sudden fall in the dogus/BTC torque, which suggests the growing resistance of Dogecoin compared to Bitcoin. In addition, the price of BTC is expected to change side within a range close to profits. This could be when the price of Dogecoin, along with the other Altcoins, remains elevated for several weeks. While the price is increasing above $ 0.23, can the fundamental resistance reach at $ 0.75 before the end of the month?

The weekly table of Doge’s price suggests an incremental trajectory as the price enters the expansion channel after leaving the ascending triangle. On the other hand, the weekly MACD shows a fall in the sale pressure while the levels are directed to an upward crossing. On the other hand, the BMSB (supported market support band) is also close to a similar crossover. Previously, these crossovers have resulted in 155% and 350% in 2024. With similar technicians in place, the price is expected to increase by more than 260% and mark a new ATH.

But the question arises, will the Dux price reach $ 1 in the second quarter of 2025?

The Dogecoin price has entered into an expanding channel after a rebound of the lowest levels than the support zone. The volume remains lower than the previous shoots in 2024, which could raise some concerns. However, the price has increased within the bullish range and until it is maintained above $ 0.22, the prospects of an extended increase with the short -term objective to $ 0.35 and a long -term objective at $ 0.75. This could carry out the memecoin towards a new ATH in around $ 0.85.

However, a setback could be on its way before the price of Dogecoin (Dux) marks $ 1; However, the timeline could be deferred for a few days, but the goal for the second quarter of 2025 could remain unchanged.

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Is the publication here the road to $ 1 for Dogecoin Price Rally-Will to mark a new AT in May 2025? appeared first at binanx.com.

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