Ready, Analyst Says DOGE Is About to 'Breakout'!

<p>&nbsp;"It's best DOGE, continue the fight to break through $0.09 after this."</p><p><br /></p><p>Ali Martinez, a leading cryptocurrency analyst recently opined that the largest memecoin Dogecoin (DOGE) is about to make a significant breakout where its price will see a significant climb.</p><p><br /></p><p>DOGE is currently in a difficult momentum as the price is still unsure whether to break the resistance or support zone, commented Martinez on his X account which has thousands of followers.</p><p><br /></p><p>In context, DOGE was originally just a parody but over time the memecoin became popular and it was one of the first coins launched after Bitcoin (BTC).</p><p><br /></p><p><br /></p><p>DOGE is based on BTC code via a proof-of-work (PoW) mechanism that is mined alongside Litecoin (LTC) and has long been highly regarded despite its memecoin status, so Martinez discussed the potential for its price to breakout positively.</p><p><br /></p><p>In addition to expecting the price of DOGE to make a massive breakthrough, Martinez revealed that there are 200,000 wallets holding 28.6 billion DOGE in its support zone while 124,000 in the resistance zone already own the 26.95 billion memeoin.</p><p><br /></p><p>Through observation, DOGE has seen a gradual increase from $0.0666 on November 3, 2023 to $0.0772, therefore the price can jump higher if it can break through its resistance zone of $0.0777 but if it fails then the memecoin can go down again.</p><p><br /></p><p>As of this writing, DOGE price is up 3.41% at $0.0763 in the last 24 hours with a market capitalization of $10 billion and has recorded a 9.63% increase over the last week.</p>