- Crypto analyst Myles G remains bullish on Dogecoin, anticipating a breakout beyond 10 cents and potential gains to 11 or 12 cents.
- He points to a recent market-wide pullback, but believes the stabilization of the broader crypto market, coupled with favorable signals from the Federal Reserve, sets the stage for a positive weekend for Dogecoin.
In the ever-evolving landscape of the cryptocurrency market, Dogecoin (DOGE) has recently garnered attention with a promising outlook, according to crypto analyst and YouTube personality Myles G. In a video posted on December 15, Myles G expressed confidence in Dogecoin’s bullish trajectory, emphasizing its ongoing uptrend and potential for further gains.
Despite acknowledging recent market volatility, Myles G maintained an optimistic tone, asserting that Dogecoin is breaking out to higher levels. The analyst highlighted a recent market-wide pullback that he and his Patreon members successfully predicted and profited from. However, he indicated that the broader crypto market is now stabilizing, presenting favorable conditions for altcoins.
Myles G specifically pinpointed the psychological resistance level of 10 cents for Dogecoin, deeming it a crucial barrier to watch. He suggested that a breakthrough and sustained support above this level could trigger a significant breakout, potentially propelling Dogecoin to 11 or 12 cents.
“This weekend is critical; if we see momentum from Bitcoin pushing Dogecoin past the 10-cent mark, we could witness substantial gains,” remarked Myles G. While acknowledging the possibility of bearish scenarios, he deemed them less likely, citing recent dovish signals from the Federal Reserve regarding interest rates.
In conclusion, Myles G Investments anticipates significant moves for altcoins, particularly Dogecoin, during the upcoming weekend. The crypto community awaits eagerly to see if Dogecoin can overcome the 10-cent barrier and embark on a new bullish trajectory, as predicted by the optimistic analyst.