On Monday, cryptocurrency values were varied, with most of them trading lower, including XRP and Dogecoin. The price of bitcoin had risen past $55,000. In the last seven days, it has increased by about 15%. Ether was selling at $3,602, up 0.50 percent from the previous day’s price. XRP, Cardano, Polkadot, Stellar, Uniswap, Dogecoin, and Chainlink were all trading at lower values than they were 24 hours earlier.
DOGE Price was trading at $0.23 early Monday morning, down 4.71 percent in 24 hours. Over a seven-day trailing period, the meme cryptocurrency has increased 9.37 percent. Over the last 24 hours, DOGE price has lost 6.26 percent and 2.68 percent against Bitcoin and Ethereum, respectively.
The token also did not generate a lot of buzz on Twitter at the time of publication, with only 1,276 mentions. BTC and SHIBA INU attracted the most attention.
DOGE Price in for a 1000% Spike?
Dogecoin (DOGE) might spark a spike similar to its huge breakout in April, according to a leading crypto strategist and trader Justin Bennett.
He tells his Twitter followers that the leading meme cryptocurrency’s current price action resembles a technical pattern that was last seen in DOGE six months ago before commencing a 13x rise.
Bennet recalls that the last two breakouts triggered more than 1000% gains as he says, He points out that the most recent phase of consolidation has lasted three times. Hence, as long as the pattern that followed the 1,200 percent breakout in April.
“If BTC behaves, this is one to keep an eye on,” he added.
DOGE is printing a massive ascending triangle formation, a bullish pattern that indicates an asset’s upswing will continue, according to the trader’s chart. DOGE, the 10th largest cryptocurrency, may rise to $3 if Bennett’s script is followed, representing a 1,150 percent gain from its current price of $0.24.
In the short term, Bennett is positive on DOGE, implying that the 10th largest crypto asset is preparing to break through its huge diagonal resistance.
At the time of writing, DOGE is trading at $0.235 down by 3.5% in the last 24 hours.