On March 17, Dogecoin approaches the upper resistance of a descending channel pattern formed since September. A confirmed breakout could target levels near $0.151, according to market analysis. Bitcoin volatility drew reactions from Dogecoin co-creator Billy Markus, while author Robert Kiyosaki forecasted a potential crypto rally alongside warnings of a broader market crash.
Dogecoin’s price action neared the upper boundary of its descending channel on March 17 after months of decline. A trend reversal requires a strong daily close above the resistance line with supporting volume.
If validated, the first short-term target is $0.117, with a subsequent key level at $0.151 as noted by the analyst Bitcoin Meraklısı. Failure to break out could maintain the bearish structure.
Bitcoin’s price rose over 6.5% in two days following a recovery from the $71,000 support zone. This volatility prompted a public reaction from Dogecoin co-creator Billy Markus, known as Shibetoshi Nakamoto.
“Talking too soon, I guess,” Markus said, noting he still holds small amounts of Bitcoin and Dogecoin. Financial author Robert Kiyosaki also commented on the market, issuing a warning about an imminent historic crash.
“I do not know which market bubble will burst first,” Kiyosaki stated. He forecasted post-crash prices of $35,000 for gold, $200 for silver, $50,000 for Bitcoin, and $95,000 for Ethereum within a year.
