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A cryptocurrency analyst recently tweeted that the price of DOGE could reach $0.29 if it manages to stay above a certain price level.

Currently, the price of Dogecoin is $0.16, but it recently dropped to a low of $0.13 on April 9. However, Martinez believes that if the price rises and stays above $0.17, there is a good chance for Dogecoin to rise to $0.29 soon.

In the post, it was also mentioned that as long as the price of Dogecoin does not drop below $0.13, the chances of the price rising are very high.
As another famous analyst, Javon Marks, predicted, the rise of Dogecoin. Marks believes that Dogecoin could reach its all-time highs (ATH).

In a post, he stated that Dogecoin seems "ready to deliver another magical bullish performance," as it could rise by 200% to 330% from its current price. This would push the price to a new all-time high, above $0.73, which is the highest price of the coin in May 2021.
Another analyst, Trader Tardigrade, added more optimism. He noted that Dogecoin has entered a unique phase in a trading theory called Wyckoff accumulation.

This theory shows that whales have started to support Dogecoin, which may mean that the price is ready to rise. Tardigrade stated: "Phase D indicates strong support, paving the way for a significant price movement coming." Finally, the overall market sentiment for Dogecoin appears to be positive. While its market value has decreased by 3.32% over the past twenty-four hours, its recorded trading volume today has increased by 38% to reach $1.06 billion.