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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Dogecoin Road To ATHs: Why $0.28 Is The Next Major Milestone For A Breakout

Scott Matherson
Scott Matherson
6 months ago
3 mins read
Dogecoin

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Crypto analyst Dima Potts has provided insights into the current Dogecoin price action. In his analysis, Potts highlighted the $0.28 price level as being the next major milestone for DOGE as it eyes a breakout on its way to a new all-time high (ATH). 

Why $0.28 Is The Next Major Milestone For Dogecoin’s Road To ATH

In an X post, Dima Potts revealed that $0.28 would be the next major milestone for Dogecoin on its road to a new ATH. The analyst stated that he expects DOGE to move towards the $0.28 range, similar to the previous cycle. As such, he remarked that this range marks the next major milestone for the foremost meme coin.

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Dogecoin Road To ATHs: Why $0.28 Is The Next Major Milestone For A Breakout

6 months ago

The analyst further noted that beyond this point, there would be an increase in volatility with the Dogecoin price consolidating before heading towards new yearly highs and eventually its ATH. In the meantime, Potts noted that the $0.25 price level continues to serve as a short-term support level that DOGE’s price should follow, just like in the 2017 cycle when this pattern emerged. 

Dogecoin
DOGE next major target at $0.28 | Source: Dima Potts on X

The analyst had earlier revealed that a similar pattern to the one in the 2017 cycle was emerging for Dogecoin in this cycle. He alluded to this pattern as why DOGE can rally to as high as $10 in this cycle. Potts remarked that he believes the meme coin will head towards its all-time highs and then much higher in the coming weeks, mirroring its 2017 performance. 

Meanwhile, crypto analyst Kevin Capital recently highlighted the Dogecoin price’s struggle to reclaim this $0.28. This came as he noted that DOGE has failed to get above the macro golden pocket and weekly bull market support band, which is around the $0.28 range. In line with this, he stated that it is time to watch the Bitcoin price even closer to see if the flagship crypto can help the foremost meme coin witness a bullish reversal soon enough.

DOGE Has Entered A Boring Phase 

In an X post, crypto analyst Trader Tardigrade stated that the Dogecoin price has entered the “boring phase.” In line with this, he told market participants to expect tight consolidation at the current level over the next few weeks before the massive DOGE rally. His accompanying chart showed that DOGE could rally above $1 when this rally happens. 

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Crypto analyst Kevin Capital stated that the Dogecoin price is still in risky waters. He remarked that the meme coin needs to get above the macro golden pocket and weekly bull market support band at $0.30 on weekly closes. The analyst added that it is only when that happens that market participants can feel good again about DOGE attacking the highs and beyond. 

At the time of writing, the Dogecoin price is trading at around $0.25, down in the last 24 hours, according to data from CoinMarketCap.

Dogecoin
DOGE trading at $0.25 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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