Dogecoin Prepares to Break Out in the Context of Accumulation, This is the Target

Cryptocurrency analyst Cryptokijker has revealed that the price of Dogecoin is poised for a breakout amid significant accumulation by whales. The analyst also disclosed the price target that DOGE could achieve after this breakout. Dogecoin is Preparing to Break Through $0.17 In a post on TradingView, Cryptokijker predicts that the price of Dogecoin is preparing to break above $0.1790. The analyst reveals that the target for this potential breakout is $0.1840 and $0.1920. He notes that the price at this level is showing a neutral-bullish structure after the recent breakout above the daily lows before (PDL). The analyst also emphasized a hidden bullish divergence detected on the Relative Strength Index (RSI), indicating strength beneath the surface. This Dogecoin price prediction comes amidst whales accumulating DOGE en masse. He noted that smart money has been accumulating heavily in the discount range from $0.15 to $0.16, supporting this bullish trend.

Analysts note that the structural breakout on the chart signals the beginning of a bullish phase. He also further remarked that the volume profile supports the transition from Accumulation to expansion. Meanwhile, a strong support level confirmed at the $0.1760 zone aligns with the previous discounted accumulation level, and the upward momentum on the PDL indicates that Dogecoin price may sustain this bullish trend. Market participants will also be monitoring the psychological level of $0.20 for the price of Dogecoin in this potential breakout. Cryptocurrency analyst Ali Martinez reveals that DOGE could rise to an all-time high (ATH) if it can secure a monthly close above $0.20. The analyst notes that such a breakout would signal strong bullish momentum and could potentially attract the interest of investors. Interestingly, cryptocurrency analyst Master Kenobi recently predicted that the price of Dogecoin could reach a new ATH in June. He stated that the leading meme coin could hit a high of up to $0.9 as it rises to a new ATH. Other Factors Supporting the Breakthrough of DOGE Crypto analyst Trader Tardigrade claims that the price of Dogecoin will soon surge, pushing the meme coin higher. This comes as he notes that DOGE has been moving between different ranges, experiencing both crashes and false breakouts. The analyst further adds that the meme coin has now returned to the current range, setting the stage for a price breakout. In another post on X, Trader Tardigrade revealed that the price of Dogecoin is forming a diamond on the trend line at around $0.15. Based on this, he asserts that everything is going well with DOGE and calls on market participants to await the next breakout.