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Crypto Analyst Foresees Dogecoin Rally After Potential Support Flip To This Level: 'FLOKI Will be The Big Pumper To Follow Too'

Published 27/12/2023, 13:00
© Reuters. Crypto Analyst Foresees Dogecoin Rally After Potential Support Flip To This Level: 'FLOKI Will be The Big Pumper To Follow Too'
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Benzinga - A pseudonymous cryptocurrency analyst Crypto Tony, has identified a potential turning point for Dogecoin (CRYPTO: DOGE).

What Happened: The analyst indicated that upon breaching the resistance level of $0.106, a surge for DOGE is expected.

Crypto Tony said on X, “Flip 0.106 cents into support and we pump hard and kick start #Memeseason..” adding that Floki (CRYPTO: FLOKI), another meme-based cryptocurrency,” will be the big pumper to follow too.”

The chart plotted by the analyst reveals a resistance near $0.12. The support level identified is at $0.045, where historically the market has seen an influx of buyers.

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

Why It Matters: According to Crypto Tony’s analysis, another possible resistance level might be near the swing high of $0.095. This is identified as a point where Dogecoin has previously reached a peak before experiencing a minor retraction.

Last week, Crypto Tony, identified resistance levels for FLOKI at $0.000060 which could catalyze significant gains for FLOKI.

The analyst tweeted, “Once we break that high it really is moon time legends. Doge season is kicking off and we have $FLOKI / $DOGE at the forefront of it.”

Price Action: At the time of writing, DOGE was trading at $0.091 down 1.72% in the last 24 hours, according to Benzinga Pro.

Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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