Benzinga - Dogecoin (CRYPTO: DOGE) is gaining significant bullish momentum and appears to be well-positioned for a potential flip, according to an anonymous trader.
What Happened: "Crypto Tony" told his 279,000 followers that he sees $0.080 as the level for a potential flip.
The trader said if the bulls manage to break through this resistance level, it could set off a wave of gains and propel the coin to new heights.
See Also: Top Indian Apps That Give Bitcoin, NFT Rewards
“If the bulls manage to take out this level then we have some solid gains to come and likely another solid meme coin run,” Crypto Tony tweeted.
$DOGE / $USD - UpdateAccording to the chart shared by Crypto Tony, Dogecoin will surge to $0.089 after bouncing off the $0.080 mark.0.08c is the level I am looking at for a flip here. If the bulls manage to take out this level then we have some solid gains to come and likely another solid #memecoin run pic.twitter.com/uJjMpBu1qs
— Crypto Tony (@CryptoTony__) March 20, 2023
Price Action: At the time of writing, DOGE was trading at $0.071, down 4.56% in the last 24 hours, according to Benzinga Pro data.
Read Next: Bitcoin Below $28K, Ethereum, Dogecoin Fall Ahead Of Fed Rate Decision: Analyst Pencils Key Levels For Apex Crypto 'Chopping Around'
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.