Analyst sets Dogecoin’s (DOGE) path to $0.50

As meme cryptocurrency Dogecoin ( DOGE ) continues to defend the $0.20 support, an analyst has observed that the token is building the ideal path toward reaching $0.50. According to Ali Martinez, investors should watch the critical $0.29 level. A decisive break above this resistance could pave the way for an extended rally, he noted in an X post on September ￰0￱ analysis, based on the daily chart, shows DOGE trading in a tight range between $0.21 and $0.27 for much of August and early September. Notably, the token has repeatedly tested the $0.27 and $0.29 resistance zone, which has proven difficult to overcome in recent ￰1￱ DOGE manage to breach this barrier, Martinez’s outlook suggested that the breakout could generate momentum strong enough to double its value, with the next notable resistance only appearing near $0.50.

Dogecoin price analysis chart.) path to $0.50 appeared first on Finbold .