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Dogecoin Could Reach $0.15 After Breaking This Key Resistance, Says Crypto Analyst: 'Would Like To See This Level Hold'

Published 01/02/2023, 14:33
Updated 01/02/2023, 15:41
© Reuters. Dogecoin Could Reach $0.15 After Breaking This Key Resistance, Says Crypto Analyst: 'Would Like To See This Level Hold'
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Benzinga - A pseudonymous crypto analyst said that Dogecoin (CRYPTO: DOGE) is at an “important level,” as the meme coin continues to rally.

What Happened: “Pentoshi’ told his 672,000 followers on Twitter that Dogecoin is at a crucial level. The graph shared by the analyst shows the crucial resistance level at $0.093.

“Breaking out from the range highs that has stopped it for the better part of almost a year. Would like to see this level hold and have follow through to the upside,” the analyst said.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

The analyst noted that DOGE is “more of an impulsive coin so not always easy to catch.”

According to the graph shared by the analyst, DOGE will reach the $0.10 mark and see an upward movement toward $0.15.

Meanwhile, Dogecoin whales are on the move. According to research firm Santiment, Dogecoin witnessed a significant uptick in whale transactions and address activity on Tuesday — the highest levels yet seen in 2023. Over 523 transactions, each worth more than $100,000, were recorded, along with 86,400 active addresses

Price Action: At the time of writing, Dogecoin was trading at $0.091, down 1.60% in the last 24 hours, according to Benzinga Pro data.

Read Next: Bitcoin, Ethereum, Dogecoin Spike Ahead Of Fed Decision: Analyst Sees Apex Crypto Hitting 'Triple-Headed Resistance Monster'

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

Read the original article on Benzinga

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