Analyst Nicholas Merten Predicts Dogecoin (DOGE) Bottom and Upcoming Rally Timing

Popular analyst Nicholas Merten, the host of DataDash, believes that Dogecoin (DOGE) could ignite a rally by the end of the year or early 2024. Merten suggests that smart money tends to accumulate altcoins like DOGE when they reach heavily discounted prices. He predicts that once Dogecoin is about 95% below its all-time high, blue-chip accumulation is likely to begin. Merten advises looking for accumulation of crypto assets around certain percentage decline ranges from top to bottom. Currently, DOGE is only 91% down from its all-time high, indicating that there may be further declines before a rally can occur. Merten warns investors to be prepared for significant paper downside in their positions, with potential price levels of $0.35 or even $0.25. He suggests that the rally could occur by the end of this year or extend into 2024. At the time of writing, DOGE is trading at $0.062, representing a 1.5% increase in the past 24 hours.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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