Could DOGE Spark a Surge in Meme Coin Prices?

Dogecoin, the meme cryptocurrency, has shown signs of decoupling from the broader crypto market as its price gained 9% since the start of April. Analysts at crypto intelligence tracker Santiment have commented on Dogecoin’s decoupling from the market, and predict a bullish sentiment among holders, with some expecting DOGE to reach $0.8 in a massive price rally. During an accumulation phase, large wallet investors have been continuing to accumulate the Shiba Inu rival, buying over 10 million DOGE worth $123.1m in the last three months. If Dogecoin price sustains its uptrend, a bullish breakout is likely, the Santiment analysts said, with DOGE facing resistance at Fibonacci Retracement levels of $0.21, $0.31, $0.47, $0.59, before hitting its bullish target.

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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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