Crypto expert Ali says Dogecoin could rise 6770% if it stays in the rising parallel channel pattern.
Crypto analyst Ali commented on December 30 at While the future of DOGE is uncertain, a look at price action and technical indicators provides a more informed overview of the current state of the cryptocurrency.
DOGE is trading at $0.3215 after peaking above $0.50 earlier this year and then consolidating lower. The price appears to be moving in a range, with $0.30 as key support and $0.35-0.40 as key resistance. These levels correspond to historical fair value gaps (FVG), areas of unfilled liquidity and future potential retracement zones.
The price recently faced rejection near the $0.45 resistance zone, suggesting selling pressure at higher levels. Consolidation in the $0.30-$0.32 range suggests DOGE is attempting to find a bottom, but numerous FVGs below $0.30 could open up to lower targets if bears dominate the market continue to keep it low.
