Dogecoin Will Soon Reach New ATH - Top Trader Sets Target at $2

Dogecoin is testing demand at the $0.40 level after consolidating below the year's high of $0.484 for several days. This price volatility has made traders anxious, as Dogecoin's price seems to be gearing up for a decisive move. Although the temporary upward momentum has stalled, market sentiment remains optimistic, with many investors predicting another breakout. Recently, top analyst and trader Hardy shared a prominent technical analysis highlighting the strong potential for a price surge in Dogecoin. According to Hardy, it's only a matter of time before DOGE breaks through to new all-time highs. His analysis shows that Dogecoin is building a solid foundation, and the continued consolidation at the current level is a bullish signal. If Dogecoin maintains support above $0.40, this period could set the stage for a significant price increase in the coming weeks. However, much will depend on broader market conditions and the ability to sustain DOGE's buying pressure. All eyes are focused on the potential to overcome resistance and continue its upward price trend. With whale activity and trading volume showing signs of growth, Dogecoin may soon retest its high, opening up a new chapter in price discovery. Dogecoin solidifies at the current level Dogecoin is consolidating below its highest level of the year at $0.484 after an impressive price increase, and it seems that this sideways phase may extend for a while. Despite the subdued price action, investor sentiment remains significantly optimistic, with many seeing this consolidation as a step towards even higher prices. Recently, top analyst and trader Hardy shared a detailed technical analysis on X, providing a bullish outlook for Dogecoin. According to Hardy, the current price action of DOGE is a strong consolidation within a broader uptrend. He emphasizes that this asset is building a solid foundation, increasing the potential for a significant breakthrough. Hardy's forecast indicates that Dogecoin is ready to surpass the highest level of the year and is also on track to achieve a new all-time high (ATH).

In his analysis, Hardy highlighted the key support levels around $0.40 and $0.36, indicating the importance of these areas in maintaining the upward price structure. He also outlined a potential price trajectory, predicting that Dogecoin would consolidate at the current level for a few weeks before resuming its upward trend. His optimistic target for DOGE is $2, which he believes could be achieved if the broader market conditions remain favorable and buying pressure strengthens. While the merger may test the patience of traders, Hardy's analysis aligns with the broader view that Dogecoin is preparing for another major breakthrough. A new ATH could be imminent as long as it holds key support levels and sentiment remains positive. DOGE price action: Key levels to watch Dogecoin (DOGE) is trading at $0.40 after a 24% drop from its local high. Despite this retreat, the price has surpassed this key level, signaling a recovery among speculative traders. Market participants are closely monitoring the $0.40 level, which represents an important point to determine the next price action of DOGE.

If DOGE can regain the $0.43 level in the coming days, it is likely to set the stage for a retest of the year's high at $0.484. A breakout above this resistance level could ignite buying momentum and pave the way for further price increases, potentially attracting new interest from traders and investors. However, maintaining support and achieving traction is necessary for this scenario to unfold. On the other hand, losing the $0.40 level could signal that bearish sentiment is gaining control of the market. In this case, DOGE may face a deeper correction, with possible key support levels near $0.36. Such a move would challenge the bullish outlook and delay DOGE's efforts to reach new highs. DYOR! #Write2Win #Write&Earn $DOGE {spot}(DOGEUSDT)