Could DOGE Have Dipped? Experts Hopeful From Dogecoin

Today, we will examine the comments made by anonymous crypto analyst Pentoshi about Dogecoin.

Today, we will examine the comments made by anonymous crypto analyst Pentoshi about Dogecoin.

Hopeful from Pentoshi Dogecoin

Famous crypto analyst Pentoshi made a remarkable post, claiming that a strong resistance level in front of billionaire Elon Musk’s popular meme token DOGE price can be broken and passed. Another cryptocurrency analyst, Smart Contracter, made an astonishing prediction for the DOGE price.

In his post on his Twitter account, Pentoshi underlined to his more than 670,000 followers that DOGE faced resistance at the price level of $0.0940 for most of a year, but if the price of the altcoin stays above this level, it could rise to $0.159.

Pentoshi made the following statements in the post he shared: “I would like to note here that I think DOGE is at an important level here. Breakouts started coming from the higher ranges that had stopped it for the better part of almost a year. I want to see it hold above this level and follow up. It’s more of an impulsive cryptocurrency, so it’s not easy to catch. If he makes the move I expect, he will experience a very rapid rise.”

The popular analyst believes that Musk could be the catalyst to boost Dogecoin. The Dogecoin community is particularly hopeful that Musk, a Dogecoin supporter, is taking steps to allow cryptocurrency payments on Twitter, the popular social media platform he bought last year.

DOGE Might Have Dipped

Another famous analyst, Smart Contracter, also argued that the Dogecoin price may have bottomed out, predicting that it could experience a serious rise against Bitcoin. In his post, the analyst commented, “DOGE/BTC is at a very interesting level on the weekly chart. DOGE is never a bad investment if you’re looking for the bottom line.”

DOGE Price Analysis

Dogecoin price is at $ 0.091, down 2.36% in the last 24 hours. If the popular meme continues to pull back in price, the first level of support to follow is in the $0.088 region. The next support level to watch for DOGE, which cannot hold this level, is around $0.080. If DOGE price completes the correction and starts to rise, the first resistance area to follow is around 10 cents. A breakout to the upside from here can enable the asset to go to the second resistance zone. The second resistance level is located in the 11 cent zone.