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Dog (Crypto: Doge) According to businessmen's analysis, if its long-term logarithmic growth channel is established, it may be setting up for large-scale gatherings.

Cryptocurrency

price

Market value

24-hour trend

7-day trend

Dog (Encrypted: Governor)

$0.1949

$29.2 billion

+2.7%

-14.9%

Shiba Inu (Encryption: Hebrew)

$0.00001315

$7.8 billion

+2.9%

-9.5%

Pepe (Encryption: Pepe)

$0.00001260

$5.3 billion

+8.9%

-10.2%

Trader's Notes: On June 3, crypto analyst Kevin focused on a key support zone between $0.1839 and $0.1901 as the next leg higher launch pad.

Crypto Tony has a long-standing $0.148 breakthrough, expected to exceed the $0.248 break to confirm the next step.

Trader Tardigrade noted that Dogecoin's three-day RSI hovered around 50, a level that has been the main rally before its upside potential of $1.

Meanwhile, Bitcoin found that Doge has respected logarithmic channels since 2014.

Past performances include: 10 times from 2014 to 2017 and 37 times from 2017 to 2021.

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This could result in a 21-fold peak from 2021 to the expected 2025 peak.

If this pattern appears, Doge could hit $16, which is decades of price action, not just the extraordinary gains of short-term hype.

Statistics: On May 31, the Whale Alert Report reported 101.3 million threshold transfers to Coinbase, worth about $20 million, raising some concerns about potential selling pressure.

Shop data shows that in the past 24 hours, Dogecoin liquidated $3.6 million and $2.39 million in the short liquidation. Open interest in a single day soared 3.2%, while Doc derivatives trading volume increased by 12.4%. Option volume increased by 185%.

Community News: June 1, Senior Software Engineer at the Dogecoin Foundation Ed Tubbs Announced the release of Libdogecoin v0.1.4, which introduces a trusted execution environment (TEE) for secure key management and signature.

With this upgrade, Dogecoin has become one of the earliest cryptocurrencies to support TEE, a feature designed to enhance wallet security in the face of rising threats from the crypto ecosystem.

Currently, Doge has $1.06 billion in trading volume, reflecting the growth in market interest.

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Image: shutterstock

This article Dogecoin may explode to earn 2,100% of the gains, and if this model holds true, Trader warns that initially appeared on Benzinga.com.