Crypto analyst KrissPax has provided a bullish outlook for the Dogecoin price, recently indicating that the foremost meme coin is still very bullish. DOGE is currently witnessing a consolidation phase, having rallied significantly between October and early November. Dogecoin Price Still Very Bullish Despite Recent Cool Off In a recent X post, KrissPax suggested that the Dogecoin price is still very bullish despite the recent cool-off. The crypto analyst stated that Dogecoin is trading on the 2-hour chart in a classic ascending triangle pattern. He added that the pattern looks bullish with a flat top resistance line, higher lows, and even the leverage flush that happened. Related Reading: Analyst Who Correctly Predicted The Ethereum Price Crash Against Bitcoin Reveals Where It’s Headed Next KrissPax isn’t the first to highlight an ascending triangle pattern on the DOGE chart, which provides a bullish outlook for the Dogecoin price. Crypto analyst Rekt Capital also recently drew the community’s attention to this bullish pattern and suggested that Dogecoin could rally to $0.56 when it breaks out from this consolidation triangle. Since its parabolic rally between October and early November, the Dogecoin price has consolidated within the $0.4 range. However, crypto analysts like Master Kenobi and Kevin Capital have suggested that the meme coin’s price action is expected and still in bullish territory despite this cool-off period. According to these analysts, the Dogecoin price consolidated for around 25 days in the last bull run after its first bull phase before it enjoyed another leg to the upside. History looks to be repeating itself, seeing as the foremost meme coin has consolidated for a similar number of days this time around. This consolidation period could soon end, as the Dogecoin price has cooled off for around 25 days this time around. In line with this, Master Kenobi predicts that Dogecoin could enjoy another pump in the next few days, rally to $1, and eventually reach as high as $2.9. DOGE’s Next Leg Will Be “Violent” Crypto analyst Bluntz Capital has predicted that the next leg up for the Dogecoin price will be explosive. In an X post, he stated that Dogecoin would record a “violent upside move” when it breaks this 3-week accumulation trend. His accompanying chart showed that the foremost meme coin would reach $0.6 on this next leg up. Related Reading: Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers This projected rally will put the Dogecoin price close to its current all-time high (ATH) at $0.73. Crypto analyst Crow also provided a bullish outlook for Dogecoin, stating that market participants should not fade DOGE. His accompanying chart showed that the meme coin could even break its current ATH on this next leg up. At the time of writing, the Dogecoin price is trading $0.43, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
As Bitcoin continues to attract major inflows from institutional investors, the Dogecoin price is on the move as it is increasingly becoming the go-to cryptocurrency for retail investors. Interestingly, Dogecoin’s price performance has also largely correlated with the Bitcoin price. As such, Bitcoin’s recent break above the $100,000 price level has seen the Dogecoin price also […]
Dogecoin is in focus today, as it happens to be an important day for the foremost meme coin. Given the amount of attention it is set to gain today, DOGE could experience a significant rally. Dogecoin Turns 11 And Could Enjoy A Milestone Rally Dogecoin turns 11 today. The meme coin was launched on December […]
Technical analysis of the XRP price has revealed the creation of corrective waves in light of the recent correction since December 3. Particularly, the cryptocurrency is now trading between crucial Fibonacci levels that could be correcting for a while longer. With the aid of these Fibonacci levels, crypto analyst Dark Defender shared insights on social media platform X, highlighting the $2.13 and $2.92 price ranges as pivotal for the XRP price. XRP Tests Fibonacci Levels Amid Market Correction According to the XRP chart below, which was first highlighted on social media platform X by crypto analyst Dark Defender, the XRP price rally earlier in the month saw it peaking around $2.92 on crypto exchange Binance, which also aligned with the 261.80% Fibonacci extension level. This impressive high, however, was short-lived as the token faced a correction that brought its price down to a support at $2.17. Notably, this support is also just above the 161.80% Fibonacci extension level at $2.13, which is now a critical point for the XRP price going forward. Related Reading: Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers With this in mind, Dark Defender noted that both $2.92 and $2.17 are the most important price levels to watch right now. The rebound from $2.17 suggests that the correction may be bottoming out, with his analysis pointing to a transition into Wave B in the daily time frame. What To Expect During Wave B Speaking of Wave B, this analysis is based off of a three-corrective-wave pattern. This pattern, comprising three distinct phases, Waves A, B, and C, has played out repeatedly during XRP’s price rally. Within this structure, Waves A and C represent downward trends, while Wave B reflects an upward move. If this corrective model were to repeat itself, the XRP price could experience a climb to $2.92, corresponding to the 261.80% Fibonacci extension level, before another downward trend potentially leads it back to retest support at $2.13, the 161.80% Fibonacci extension level. Related Reading: Bitcoin Price To $100,000: Why Reclaiming The $96,400 Level Is Very Important For Another Rally As Dark Defender noted, it might take a couple of days to get rid of this structure. This means that the XRP price could continue to trade between these levels before any decisive move either upwards or downwards. Recent market factors suggest a break to the upside, which would send the XRP price on a resumption of breaking into new multi-year highs. At the time of writing, the XRP price is trading at $2.37, having increased by 2.9% in the past 24 hours. One factor contributing to this optimism is the nomination of Paul Atkins by President-elect Donald Trump to lead the SEC. Atkins is widely regarded as crypto-friendly, and his potential leadership could mark the end of the longstanding SEC-Ripple legal feud. Such a resolution would likely invite significant institutional and retail inflows into the XRP ecosystem. Featured image created with Dall.E, chart from Tradingview.com
Despite its notable gains throughout this year, the Dogecoin price has yet to break above its all-time high in 2021, but analysts continue to remain bullish. Interestingly, recent analyses from crypto analysts have compared the Dogecoin price action to that of the XRP price rally, with the general consensus being new all-time highs for both […]
The Dogecoin (DOGE) price stands at a critical juncture as technical analysts point toward a potentially significant breakout. Renowned crypto analyst Rekt Capital has identified a pivotal pattern on the DOGE/USD daily price chart, suggesting an imminent surge. Will Dogecoin Price Confirm The Breakout Today? The daily chart of Dogecoin reveals an ascending triangle formation that has been developing over recent weeks. This pattern is typically considered a bullish continuation signal, characterized by a horizontal upper resistance line and a rising lower support line. The formation indicates accumulating buying pressure, as each price retracement becomes shallower—implying that bulls are willing to buy at higher lows. The top horizontal line of the triangle sits at approximately $0.44, a level that has been tested multiple times and serves as a significant barrier for upward movement. The ascending support trendline begins around $0.34 and rises gently, forming the triangle’s lower boundary and highlighting increasing support levels. Related Reading: If Dogecoin Mirrors Last Cycle, The Surge To $4 Begins At Week’s End Rekt Capital emphasizes the importance of the current price action, stating: “Dogecoin has followed every Bitcoin thus far. Now retesting the top of the Ascending Triangle as support. Successful retest here is crucial to precede a confirmed breakout.” If this retest solidifies the triangle’s upper resistance as a new support level, it could pave the way for a substantial price increase. The potential breakout target can be calculated by measuring the maximum height of the triangle—from the base near $0.34 to the top at $0.44—and projecting it upwards from the breakout point. This suggests that Dogecoin could potentially reach or exceed the $0.54 mark. Dogecoin Price Analysis (4-Hour Chart) Another prominent crypto analyst, Satoshi Flipper (@SatoshiFlipper), has provided insights based on the 4-hour DOGE/USD chart. He notes: “DOGECOIN/usdt 4 hour: DOGE still consolidating, for almost 1 month now, but this flawless ascending channel is filling out nicely and the breakout is going to be EPIC, just wait.” The chart illustrates an ascending channel pattern, characterized by two parallel upward-sloping lines containing the price action. This pattern is recognized as bullish, formed by higher lows and higher highs. The Dogecoin price has been oscillating between these lines, with the lower line acting as support and the upper line as resistance. Related Reading: Dogecoin Is ‘Ready To Run Again’ – Analyst Expects 60% Rally Currently, the price is nearing the midline of the channel, which provides significant resistance around $0.46. Key levels to watch include: The lower boundary support sits around $0.40. The upper boundary resistance is near $0.52, a potential catalyst for Dogecoin’s next major move. The price target following an ascending channel breakout can be estimated by measuring the channel’s height at its widest part and extending that distance upward from the breakout point. This projection suggests that DOGE could rise towards $0.64. Adding to the technical signals, there could be a major catalyst for DOGE price today, December 5th. As reported by NewsBTC, Elon Musk and Vivek Ramaswamy are set to address members of Congress. They are expected to present key proposals under the auspices of the Department of Government Efficiency (DOGE). This development could have a substantial impact on the Dogecoin price, as Elon Musk’s involvement with the memecoin has historically influenced market sentiment. At press time, DOGE traded at $0.44. Featured image created with DALL.E, chart from TradingView.com
Dogecoin is on the verge of breaking out from a 23-day consolidation range, setting its sights on new local highs. The meme coin has held steady within this range, but market momentum suggests it could soon surge higher. Analyst Crow has shared an optimistic technical analysis and told his followers not to fade DOGE as it’s about to run. This statement highlights the growing anticipation around Dogecoin’s price action, fueled by the broader crypto market rally. Related Reading: $1.87B Bitcoin Withdrawals From Coinbase In 24H – What This Means To Price Bitcoin’s recent breakout to a new all-time high above the $100,000 mark has reinvigorated market sentiment, creating a bullish environment that could benefit altcoins like Dogecoin. As BTC leads the charge, DOGE appears poised to follow, with its next move likely determining whether it continues its upward trajectory or remains trapped in its current range. A successful rally could solidify DOGE’s position as a market leader in the altcoin space. However, failure to break resistance could lead to extended consolidation. For now, all eyes are on Dogecoin as it inches closer to a decisive move, potentially igniting fresh excitement in the market. Charts Suggests Dogecoin Is About To Run Again Dogecoin has been trading in a sideways range since November 12, with bulls struggling to regain the momentum that previously fueled its massive rally. This prolonged consolidation has left many investors questioning whether DOGE can reclaim its former glory. However, the broader market sentiment, driven by Bitcoin’s historic breakout above the $100,000 mark, offers a glimmer of hope. Positive price action across the crypto market suggests that Dogecoin may be gearing up for another significant move. Related Reading: Bitcoin Price Supported By All-Stablecoins Cash Inflow – Data Reveals Strong Correlation Historically, Dogecoin has demonstrated its ability to outperform during bullish market conditions. Its most recent rally saw an impressive 225% surge, capturing the attention of retail and institutional investors alike. With Bitcoin leading the charge, Dogecoin appears ready to follow suit. The meme coin’s resilience in maintaining its range and the improving sentiment across the market could set the stage for its next massive rally. Top analyst and investor The Crow has added to the excitement, sharing a technical analysis on X with a bold message: “Do not fade the father of all meme coins.” This statement highlights the growing optimism among seasoned traders who believe Dogecoin is positioned for a breakout. If DOGE can break out of its current range and reclaim momentum, it may continue its rally, setting new highs. However, failure to do so could result in extended consolidation or even a potential correction. The coming days will be critical as Dogecoin attempts to capitalize on the renewed market enthusiasm sparked by Bitcoin’s record-breaking performance. Can DOGE Reach $0.50 This Week? Dogecoin has been battling a stubborn 4-hour resistance at the $0.455 level, keeping the meme coin indecisive. Breaking above this resistance would position DOGE to retest the $0.48 local high, a critical level that could determine its next significant move. If bulls break above $0.48 and hold it as support, a massive breakout will likely follow, potentially propelling DOGE toward new highs. This scenario aligns with Dogecoin’s historical behavior during bullish market phases, where overcoming key resistance levels often leads to explosive rallies. The broader market’s strong momentum, led by Bitcoin’s recent surge above $100,000, provides an additional tailwind for DOGE’s bullish prospects. However, the risks of failure remain. If DOGE cannot break above $0.455 and $0.48, the price may remain stuck in its current consolidation phase. Extended sideways movement could test investor patience, and a potential correction could drive the price toward lower demand levels. Related Reading: XRP Reaches 6-Year High – Whales And STH Accumulate Together The coming days are critical for Dogecoin as it attempts to regain momentum and capitalize on the broader market’s strength. Breaking through key resistance levels will determine whether DOGE reclaims its bullish narrative or faces further consolidation. Featured image from Dall-E, chart from TradingView
Crypto analyst Trader Tardigrade has drawn the crypto community’s attention to a bullish pattern from 2021, which the Dogecoin price is replicating. This has raised the possibility of the foremost meme coin rallying to $16 in this market cycle. Dogecoin Price Replicates 2021 Bullish Pattern In an X post, Trader Tardigrade revealed that the Dogecoin […]
Crypto analyst Jacob Canfield has raised the possibility of the Dogecoin price replicating the recent XRP rally. This came as the analyst highlighted similarities between Dogecoin’s recent price action and XRP’s. Dogecoin Price To Replicate XRP Rally? In an X post, Jacob Canfield suggested that the Dogecoin price could soon replicate the recent XRP rally. […]
The Dogecoin price action in the past 48 hours has been highlighted by a consolidation below the $0.45 price level. Interestingly, technical analysis shows that this consolidation is part of a bullish pennant that has been in formation since early November. Particularly, Dogecoin is currently in the flag phase of the bullish pennant formation, which is known to be the consoldation phase before the next leg up. According to Crypto analyst KrissPax, this Dogecoin price movement is creating a “great springboard for the next big Doge pump.” Dogecoin’s Sideways Trading Forms The Foundation For Growth The Dogecoin price has been trading within range since it reached the $0.47 mark on November 23. This range has been highlighted by a key support level around $0.37 that prevented further declines on November 26. Crypto analyst KrissPax noted that this consolidation has held above support, which he interprets as constructive rather than negative. Related Reading: Bitcoin Price Prediction: Charting The Roadmap Of BTC To $150,000 By 2025 In terms of a Dogecoin price outlook, KrissPax highlighted that the consolidation has led to the formation of a bullish pennant, which is set to be broken at the upper trendline. For his price prediction, he highlighted the $1.3 level as the prime target after the breakout. The bullish pennant typically forms after a strong upward rally followed by consolidation, with price movements resembling a triangle. A breakout from this pattern often signals the continuation of the prior trend, making $1.30 a plausible target if the pattern holds true. The current Dogecoin sideways trading is holding support and making for a great springboard for the next big Doge pump. This bullish pennant targets a big move up to $1.30! Chart: Trader Tardigrade pic.twitter.com/cho062TLNU — KrissPax (@krisspax) December 3, 2024 What Could Drive The Dogecoin Price To $1.3? At the time of writing, Dogecoin is trading at $0.419, according to CoinMarketCap, reflecting an impressive surge of about 178% over the past 30 days. Should Dogecoin manage to sustain its upward trajectory and achieve a breakout toward the $1.30 target, it would represent an additional 210% increase from its current price, as well as a decisive move beyond its all-time high of $0.7316. Related Reading: Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout However, the path to $1.30 depends on other market factors that extend beyond the bullish pennant pattern currently forming in Dogecoin’s price chart. Nonetheless, current market factors suggest that the meme coin’s price is still in a good position to keep growing. A key contributor to this outlook is the recent surge in activity on the Dogecoin blockchain, particularly among large holders. According to data from blockchain analytics firm Santiment, there has been a significant whale accumulation over the past several days. According to Santiment’s data, Dogecoin whales collectively acquired an additional 160 million $DOGE tokens within just 48 hours. This increase in demand could help sustain Dogecoin’s price rally and support its bid to surpass previous highs. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has entered a consolidation phase, holding below its recent local high of $0.48. Despite showing signs of bullish momentum, the price has struggled to break above key resistance levels, leaving traders and investors anticipating its next move. Market sentiment remains optimistic as Dogecoin continues to attract attention from retail and institutional players. Related Reading: Dogecoin Whales Keep Buying – DOGE Metrics Reveal Demand Remains Strong Top analyst Altstreet Bets recently shared a detailed technical analysis, suggesting that Dogecoin is poised for another rally. According to his analysis, DOGE is forming a strong base, indicating that a breakout could be imminent. Altstreet Bets has set an ambitious target of $0.65, predicting that the meme coin leader could reach this level in the coming weeks if current support holds and demand increases. Dogecoin’s consolidation phase is not unusual following a significant rally, as the market often takes time to stabilize before continuing its upward trajectory. For DOGE, breaking above $0.48 will signal that it is ready to resume its rally. As market participants closely watch for signs of a breakout, Dogecoin’s ability to hold current support levels will determine whether it can live up to its bullish expectations and reach new highs shortly. Can Dogecoin Rally Continue? Dogecoin has captivated the market with impressive gains of approximately 220% since November 5, fueling optimism among investors who believe the meme coin has more upside potential this cycle. However, the price is currently stuck below its $0.48 local high, set on November 23, raising concerns about whether it can sustain its momentum. DOGE must break decisively above this critical resistance level to reclaim its bullish trend. Altstreet Bets offered a compelling analysis on X, suggesting that Dogecoin is primed for another run. According to his insights, a breakout above the $0.45-$0.48 range would confirm renewed momentum, potentially driving the price to $0.67. Such a move would represent a 60% continuation of its ongoing trend and solidify Dogecoin’s leadership in the meme coin market. Despite the optimism, risks remain. Dogecoin could face further consolidation or a correction as the broader market waits for the next catalyst. The price action around the $0.45-$0.48 level will be critical in determining the coin’s trajectory. If DOGE fails to break higher, it may continue its sideways movement or retrace, testing lower support levels as investors reassess their strategies. Related Reading: XRP Reaches 6-Year High – Whales And STH Accumulate Together For now, the market’s attention remains fixed on Dogecoin, with its ability to hold current levels and overcome resistance being pivotal in maintaining its upward momentum. DOGE Approaches Pivotal Resistance Dogecoin is currently trading at $0.42, experiencing days of sideways price action and repeated failed attempts to break above the $0.44 resistance level. This critical level has proven to be a tough barrier, holding back DOGE’s bullish momentum. However, analysts agree that once Dogecoin breaks above $0.44, a strong bullish breakout could propel the meme coin toward new all-time highs. Despite the optimism, the current lack of a decisive move raises concerns. If Dogecoin fails to break out in the coming days, it risks prolonged consolidation or a potential correction. This scenario could dampen market enthusiasm and lead to a test of lower support levels, further stalling DOGE’s upward trajectory. Related Reading: Bitcoin Price Supported By All-Stablecoins Cash Inflow – Data Reveals Strong Correlation For Dogecoin to sustain its recent momentum and continue its rally, a breakout above the $0.48 mark is critical. Such a move would confirm bullish sentiment and pave the way for massive gains in the weeks ahead. Until then, DOGE remains precarious, with traders closely monitoring its performance as it battles resistance levels. The coming days will be crucial in determining whether Dogecoin can maintain its status as the leader of the meme coin market or face a setback. Featured image from Dall-E, chart from TradingView
After a staggering rally exceeding 200% in the first two weeks of November, Dogecoin (DOGE) has entered a consolidation phase. Crypto analyst Kevin (@Kev_Capital_TA) suggests this could be the calm before the storm, hinting at a potential surge similar to a previous market cycle. Is Dogecoin Heading Towards $4? Kevin notes that in Dogecoin’s last cycle, the memecoin consolidated for 24 days after its first massive rally before ascending again to what he describes as the “macro golden pocket”—a price range between $3.80 and $4.00 which aligns with the 1.618 Fibonacci extension level.He believes that if DOGE follows a similar trajectory, price could skyrocket by the end of the week, potentially leading to a new all-time high (ATH) by the end of the month. Related Reading: Dogecoin Alert: Why December 5 Is A Game-Changing Date For Price “In Dogecoin previous cycle when it had it’s first major leg up it consolidated for 24 days after that move before legging up again to the macro golden pocket. If DOGE were to follow a similar path that would mean that that the next leg will start by the end of the week and Doge will begin its path the macro golden pocket which is at $3.80-$4.00,” Kevin states. However, he tempers expectations by acknowledging that such astronomical performance is hard to predict: “That would be astronomical performance though and it’s hard to make that type of call. Let’s start with making a new ATH by end of month like I predicted back in September.” The current price position of Dogecoin is critical. Analyzing the daily DOGE/USD chart, Kevin observes that DOGE is “actively testing this major trend line of support on the daily RSI.” A breach of this support could “accelerate downside. Bulls wants this to hold if possible.” Related Reading: Dogecoin Whales Keep Buying – DOGE Metrics Reveal Demand Remains Strong He adds that while the RSI trend line held on the daily close, “it needs to bounce now if we are going to hold it.” The influence of Bitcoin’s (BTC) price movement could be pivotal: “If BTC can leg up, it would save us,” he notes. Bitcoin itself has been consolidating since reaching a reported ATH of $99,588 on November 22, trading within a range of $90,800 to $98,500. Kevin describes a “tug of war between price action and this downward momentum on the indicators,” as the daily MACD shows increased downside momentum that the price isn’t reflecting. He emphasizes that “one of them is going to win eventually.” On the 4-hour BTC/USD chart, Kevin highlights a symmetrical triangle pattern nearing its apex, suggesting an imminent breakout. Despite recent volatility, “BTC still has not broken down or even closed a 4HR candle below this trend line,” indicating strong support levels. He also points out significant liquidation levels around $100,000, stating that “it’s only a matter of time before BTC decides to come up and take that liquidity at $100K.” Such a move by Bitcoin could herald the next major price surge for Dogecoin, aligning with the patterns observed in the last cycle. Kevin’s analysis suggests that the interplay between Bitcoin and Dogecoin prices remains a crucial factor in predicting the next market movements. At press time, DOGE traded at $0.4194. Featured image created with DALL.E, chart from TradingView.com
Dogecoin has been navigating a period of choppy price action, with little opportunity for strategic buys and no decisive breakouts to guide traders. Despite this uncertainty, key data from Santiment provides a glimmer of hope for Dogecoin enthusiasts. Over the weekend, Dogecoin whales accumulated an additional 160 million DOGE, signaling potential confidence in the meme coin leader’s upward trajectory. This renewed whale activity comes when Dogecoin attempts to regain momentum and reestablish its market position. Such large-scale accumulation often precedes significant price movements, suggesting the possibility of further upside in the coming weeks. Related Reading: XRP Reaches 6-Year High – Whales And STH Accumulate Together As DOGE inches closer to the psychological $1 target, the next few weeks will be critical for the meme coin. A breakout above key resistance levels could reignite retail investors’ enthusiasm and signal the start of a new bullish phase. However, failure to sustain this momentum may lead to continued volatility, testing the patience of even its most loyal supporters. Dogecoin’s path forward remains uncertain, but with whales stepping in and market interest reignited, the stage is set for a potentially transformative period for the popular cryptocurrency. All eyes are on DOGE as it sets its sights on the elusive $1 mark. Dogecoin Sets High Expectations Dogecoin is capturing market attention as it surpasses multi-year resistance levels and embarks on what some are calling an “only up” trajectory. This impressive rally has reignited interest in the meme coin leader, solidifying its dominance in the meme coin market. Analysts and traders closely monitor Dogecoin’s price action, with many expecting further highs. Crypto analyst Ali Martinez shared data from Santiment, revealing that Dogecoin whales accumulated an additional 160 million $DOGE over the weekend. This significant whale activity lends credibility to the bullish narrative surrounding DOGE, suggesting that key market players are positioning themselves for continued upside. Historically, such large-scale purchases often precede substantial price movements, adding to the optimism that Dogecoin could maintain its upward momentum. Despite the bullish sentiment, risks remain. Dogecoin’s performance is closely tied to Bitcoin’s trajectory, which currently faces a crucial test at the $100,000 level. If Bitcoin fails to break above this psychological barrier in the coming days, the broader crypto market could experience a pullback, potentially dragging DOGE down. Related Reading: Dogecoin Ready To Hit $1 – Price Struggles To Break Above Major Resistance For now, Dogecoin continues to lead the meme coin market, setting new benchmarks and captivating investors. As whales double down and market dynamics evolve, the coming weeks will determine whether Dogecoin can maintain its rally or face a temporary correction. DOGE Testing Liquidity Dogecoin is positioning itself for a potential bullish continuation as it forms a technical pattern that, once broken, could propel the price to new highs. This pattern reflects growing optimism among traders, aligning with the broader upward momentum in the crypto market. However, DOGE faces a crucial test at the $0.44 resistance level, which has acted as a strong barrier in recent sessions. A decisive break above this level could set the stage for another significant rally. Currently, DOGE is testing demand around the $0.42 mark, a critical support level that has helped sustain its recent price action. Holding this level is essential for maintaining bullish sentiment. If DOGE breaks above $0.44, it could attract renewed buying interest, driving the price into uncharted territory. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook Conversely, failure to breach the $0.44 resistance could lead to prolonged consolidation. In such a scenario, DOGE may continue to trade within a tight range as the market awaits further catalysts. If demand weakens, the meme coin could even experience a correction, retesting lower support levels. Featured image from Dall-E, chart from TradingView
The Dogecoin price has continued its consolidation just below the $0.44 level, but positive sentiment remains at a multi-year high. Crypto analyst Kevin, known on the social media platform X as @Kev_Capital_TA, has shared an updated perspective on a positive trajectory for the Dogecoin price, maintaining that the range of $1.30 to $1.50 is still a viable target. His recent post pointed to this price zone as a critical point of interest on his macro chart, aligning with the current market sentiment surrounding Dogecoin. Revisiting Kevin’s Macro Analysis And Earlier Projections This bullish prediction regarding the Dogecoin price builds on Kevin’s earlier analysis from September 18, where he outlined broader price targets as it approached a golden cross on the weekly timeframe for the first time in four years. This technical pattern is often seen as a signal of sustained bullish momentum. Related Reading: Bitcoin Price At $245,000? Here’s When You Should Be Expecting It Back then, he suggested that the Dogecoin price performance during this cycle could lead to price levels ranging from $0.93 for moderate growth to as high as $3.80 in an exceptionally strong market environment. Interestingly, both of these targets would see the Dogecoin price trading at new price territories higher than the 2021 peak. At that time, the Dogecoin price was trading at $0.10 and was on its way to break above the upper trendline of a descending channel. Since then, it has reached a peak of $0.44, translating to a 340% increase. Since the analysis, the meme coin has manifested this golden cross, prompting a strong bullish outlook for its price trajectory. Kevin’s updated $1.30-$1.50 target represents a midpoint that reflects both the coin’s current trajectory and the potential for continued growth under favorable conditions. The Path To $1.5 Dogecoin’s chart patterns and broader market sentiment support Kevin’s optimism. At the time of writing, the Dogecoin price is trading at $0.4237 and has declined by about 2.5% in the past 24 hours since it reached a peak of $0.44. Interestingly, this $0.44 peak saw the Dogecoin price reach its highest point since May 2021. Related Reading: Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025 Reaching the $1.30 or $1.50 price targets would translate to a further 172% and 240% increase, respectively, from the current price level. However, the first step would be a decisive break above $0.44 and then a successive break above its current all-time high of $0.7316. Having already climbed by 330% over the past six weeks, Dogecoin is displaying signs of sustained growth, supported by market conditions and technical indicators. Dogecoin enthusiasts are eagerly anticipating the outcome of the scheduled address by Department Of Government Efficiency leaders Elon Musk and Vivek Ramaswamy to Congress on December 5. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Trader Tardigrade has suggested it is too early to sell Dogecoin at its current price level. This came as he provided a profit-taking zone for the foremost meme coin in this market cycle. Dogecoin Price Top Could Be In Double Digits In an X post, Trader Tardigrade indicated that the Dogecoin price at […]
After surging over 330% in a six-week span, Dogecoin (DOGE) has been navigating a period of consolidation, maintaining a sideways trajectory for the past three weeks. This remarkable rally was initially propelled by speculative bets on Donald Trump’s victory in the US presidential election, colloquially referred to as the “Trump trade.” Following Trump’s electoral success, the momentum was sustained by the establishment of the Department of Government Efficiency (DOGE), spearheaded by Elon Musk, a prominent advocate within the Dogecoin community. December 5 Could Be A Major Catalyst For Dogecoin The crypto market is now anticipating a pivotal week for Dogecoin, centered around a significant event scheduled for December 5th in Washington, DC. On this date, Elon Musk and Vivek Ramaswamy are set to address members of Congress, presenting key proposals under the auspices of the Department of Government Efficiency. This development could have a substantial impact on the Dogecoin price. Related Reading: Dogecoin Boom Over? Crypto Analyst Warns Of Sudden Sell Signal The Department of Government Efficiency, abbreviated as DOGE, has been instrumental in shaping Dogecoin’s recent price movements. Under Musk’s leadership and with support from Donald Trump, DOGE aims to streamline government expenditures and enhance operational efficiency within federal agencies. The mere announcement of this department, coupled with its association with influential figures like Musk and Trump, has ignited significant speculative activity around Dogecoin, leading to pronounced price fluctuations. Historical data underscores the department’s influence on Dogecoin’s valuation. The announcement of Musk’s appointment to lead DOGE resulted in a 15% increase in DOGE’s price. This surge was further amplified by an additional 120% rise within a week, following endorsements and activities related to the initiative. Moreover, Dogecoin experienced a further 10% uptick as DOGE gained traction through extensive discussions on social media and Musk’s financial contributions to related political actions. These price movements are a direct reflection of the heightened trader speculation and public interest driven by media coverage and Musk’s active promotion of the Department of Government Efficiency. The upcoming December 5th event marks a critical juncture for Dogecoin. According to a CNBC report, House Speaker Mike Johnson of Louisiana announced that Musk and Ramaswamy will meet with Republican congressional leaders to discuss major reform ideas aimed at achieving regulatory rescissions, administrative reductions, and cost savings. Johnson stated, “The entrepreneurs will discuss major reform ideas to achieve regulatory rescissions, administrative reductions, and cost savings with GOP lawmakers.” Related Reading: Dogecoin Bullish Takeover: DOGE To Outperform Bitcoin By 2,400% — Here’s How Musk and Ramaswamy have articulated an ambitious agenda for DOGE, including significant reductions to the federal workforce and the closure of numerous federal agencies and regulators. In a recent Wall Street Journal op-ed, they articulated their intent to “eliminate expenditures that are unauthorized by Congress,” and to curtail federal funding for entities such as the Corporation for Public Broadcasting, several international organizations, and Planned Parenthood. Furthermore, Musk proposed that the White House should “delete” the Consumer Financial Protection Bureau, an independent agency tasked with overseeing financial institutions. However, the implementation of these proposals is contingent upon congressional approval, given that the House holds authority over the appropriation of federal funds to agencies. The forthcoming meeting on December 5th signifies the Republican leadership’s serious consideration of Musk and Ramaswamy’s initiatives. The implications for the Dogecoin price are multifaceted. The convergence of governmental initiatives and high-profile endorsements by Musk has heightened DOGE’s visibility within the broader public sphere. Increased trading volumes and speculative trading activity are to be expected as investors closely monitor the outcome of the December 5th meeting. At press time, DOGE traded at $0.41. Featured image created with DALL.E, chart from TradingView.com
The Dogecoin price has just broken out from a unique Ascending Triangle pattern, signaling that it could be gearing up for its next critical level. Following recent market trends, Dogecoin (DOGE) has shown resilience, aiming to hit the $1 threshold despite failing to surpass resistance levels. Dogecoin Price Next Critical Level At $0.56 Popular crypto […]
Crypto analyst Kevin Capital has warned about bearish indicators for the Dogecoin price. The analyst stated that Dogecoin has flashed its first sell signal since its bull run began and revealed what to watch out for following this development. Dogecoin Price Flashes Sell Signal In an X post, Kevin Capital said that something to acknowledge […]
After staging a massive rally, the Dogecoin price is currently in a consolidation phase. And this is also reflected in the technical indicators. Crypto analyst Kevin (@Kev_Capital_TA) is warning of a potential sell indicator. In his latest update on X, Kevin shared a weekly DOGE/USDT chart and outlined technical signs that traders should monitor closely. Dogecoin Price Analysis Kevin highlighted that Dogecoin is “printing a sell signal on the weekly time frame with the red dot appearing,” cautioning that this signal requires confirmation over the next week to solidify its validity. He identified a convergence of three strong technical indicators, including a declining Moving Average Convergence Divergence (MACD) and a Stochastic Relative Strength Index (Stoch RSI) that has “topped out waiting for a bear cross.” These indicators collectively suggest that a potential downside may be imminent. However, Kevin balanced this with the observation that “price action still looks bullish and money flow is also bullish,” indicating that these factors currently outweigh the bearish signals. Despite the long-term sell signals, Kevin remains open to the possibility of continued bullish momentum in the short term. He noted that Dogecoin has “close[d] its highest monthly candle body close of all time,” marking a significant milestone while acknowledging that “downside is still a risk.” Related Reading: How High Can Dogecoin Go? Legendary Trader Forecasts Next Price Target Looking ahead, Kevin pointed to the importance of a key resistance level, stating, “Until we break $0.60 cents cleanly then there’s nothing to really be excited about,” in reference to his weekly chart that includes Fibonacci price levels extending to $1. Moreover, Kevin is closely looking at macroeconomic factors that could influence Dogecoin’s performance. He indicated that an “altcoin season” could serve as a catalyst for DOGE’s continued strength, contingent upon Bitcoin’s dominance falling below the 55% level. “If BTC Dominance breaks the 55% level cleanly you will get your #ALTSEASON folks,” he explained. Additionally, Kevin shared his strategy regarding long-term moving averages, stating, “When these two long term moving averages cross on Dogecoin I will be selling a large piece of my bag. They have called the top successfully on DOGE multiple times. They are moving up fast!” Related Reading: Dogecoin To $3? Expert Says The Countdown Has Begun – Details Notably, the crypto analyst is referring to the Pi Cycle Top Indicator for Dogecoin, a tool traditionally used for Bitcoin (BTC). This indicator relies on the crossing of two moving averages—the 111-day and the 350-day multiplied by two—to signal potential market peaks. Last week, Kevin revealed, “One of my secret indicators for Dogecoin that is traditionally only supposed to work for BTC is the Pi Cycle tops indicator. It has accurately called every DOGE cycle top and bottom over each of its cycles. When the two moving averages cross along with Monthly RSI being at a certain level that’s when I plan on taking significant portions out of the market.” At press time, DOGE traded at $0.41. Featured image created with DALL.E, chart from TradingView.com
The Dogecoin price has undergone bullish action in the last 24 hours on a continued rally from the November 26 low of $0.369. With the Dogecoin price recently trading at an intraday high of $0.4577, this translates to a 24% increase in seven days. Notably, this rally has seen the Dogecoin price break to the […]
Dogecoin (DOGE) is currently trading below a key resistance level, signaling the potential for a bullish breakout. However, the price has struggled to surpass this critical barrier, creating uncertainty about the next major move. For Dogecoin to achieve new highs and rekindle investor enthusiasm, breaking this resistance is essential. Top crypto analyst Scofield recently shared a detailed technical analysis on X, highlighting Dogecoin’s readiness to test the psychological $1 mark. According to Scofield, DOGE’s recent price action shows consolidation near resistance, which often precedes a decisive move. He emphasized that a breakout above this level could ignite a rally, pushing the price toward its long-awaited milestone. Related Reading: XRP Breaks Multi-Year Resistance – Main Target Remains $2 Despite this optimism, traders should approach with caution. The struggle to clear resistance indicates that the market may require stronger buying pressure or a catalyst to trigger the next leg up. If Dogecoin fails to break through, it risks a retrace to lower levels, potentially dampening current bullish sentiment. As the broader market shows signs of recovery, Dogecoin remains a focal point for investors seeking high-growth opportunities. The coming days will likely determine whether DOGE can reclaim its momentum and make a serious run toward the $1 level. Dogecoin Pushes Above Key Levels Dogecoin has surged past critical supply levels, positioning itself for a potential rally that could push prices significantly higher. Currently, DOGE is eyeing the last major resistance zone that must be breached to confirm the start of a new bullish cycle. This level represents a decisive point, and a successful breakout would likely attract substantial buying pressure. Top analyst Scofield, known for his accurate technical predictions, recently shared insights on X regarding Dogecoin’s current setup. His analysis highlights a bullish triangle pattern forming on DOGE’s chart, a structure often indicative of an imminent breakout. According to Scofield, the pattern’s apex suggests that Dogecoin is nearing a decisive move, with the psychological $1 mark set as the next major target if the breakout materializes. Scofield’s technical analysis underscores key support levels that DOGE has successfully defended, reinforcing the asset’s bullish potential. The triangle pattern also reflects reduced selling pressure, aligning with growing optimism among traders. However, Scofield cautions that any failure to break above the resistance could lead to a retest of lower levels, delaying the anticipated rally. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target As Dogecoin captures increasing attention in the crypto market, all eyes remain on this pivotal resistance zone. Breaking above it would signal a renewed bullish momentum, setting the stage for DOGE to test and potentially surpass the $1 milestone. Technical Details: DOGE Ready To Rally Again Dogecoin is at $0.426 following an 18% surge to test local supply at $0.43. This critical resistance level has proven challenging for DOGE, as the price has struggled to break above it for over two weeks. Despite the recent upward momentum, the market remains cautious, with analysts highlighting the significance of a decisive breakout above $0.43. A successful push past this resistance could set the stage for a massive rally, attracting renewed interest from both retail and institutional investors. Historically, such breakouts in Dogecoin’s price action have triggered significant upward movements, making this level a key focus for market participants. However, the inability to breach $0.43 could lead to further consolidation below this level, frustrating bullish sentiment. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook Adding to the uncertainty is the risk of a potential correction. If DOGE fails to maintain its current levels or faces increased selling pressure, it could revisit lower price points, possibly retesting supports around $0.38 or lower. Analysts emphasize the need for patience, as Dogecoin’s next major move will likely hinge on breaking the $0.43 resistance. For now, DOGE’s trajectory remains uncertain, but the potential for a breakout keeps it on the radar of traders and investors alike. Featured image from DALL-E, chart from TradingView
Dogecoin (DOGE) is consolidating below a critical resistance at $0.43, a price point that has captured the attention of traders and analysts alike. This key level, acting as a significant hurdle, is widely seen as the launchpad for a potential parabolic rally. If DOGE manages to break above this barrier, it could enter uncharted territory and achieve new all-time highs. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target Renowned crypto analyst Ali Martinez recently shared a detailed technical and macro analysis on X, highlighting Dogecoin’s strong potential for continuing its bullish momentum. According to Martinez, DOGE is positioned for a parabolic rally, driven by growing interest and increasing adoption in the market. His analysis underlines the importance of the $0.43 resistance level, suggesting that a decisive breakout could trigger substantial upward price action. The meme coin, known for its vibrant community and unpredictable price moves, has gained traction as broader market sentiment turns bullish. With consolidating price action and strengthening technical indicators, Dogecoin appears ready to embark on its next major leg up. The coming days will be critical for determining whether DOGE can overcome this resistance and fulfill the expectations of a parabolic rally. Dogecoin About To Enter Bullish Phase Again Dogecoin’s history of explosive rallies has made it one of the most closely watched cryptocurrencies. The last time DOGE began a significant rally, it surged over 215%, delivering substantial gains and fueling widespread speculation about its price potential. Now, as the meme coin consolidates, investors and analysts are eyeing the next big move. Martinez has provided valuable insights into DOGE’s current price action. He notes that Dogecoin is firmly in a consolidation phase, testing investors’ patience during this parabolic run. Drawing comparisons to similar market conditions in 2017 and 2020, Martinez highlights a critical pattern: the appearance of a TD Sequential sell signal, often signaling a brief correction before the rally resumes. This historical perspective suggests that DOGE’s temporary pause may set the stage for an even more aggressive surge. As the broader market continues to rise, expectations for Dogecoin remain high. Many investors are optimistic that DOGE will soon replicate its past performance and embark on a massive upward trajectory. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook Martinez predicts that such a surge will likely align with Bitcoin breaking its all-time highs and crossing the $100,000 threshold, a milestone anticipated as early as next week. If Bitcoin delivers, Dogecoin could follow suit with a breakout to new highs. DOGE Testing Supply Level Dogecoin (DOGE) is currently trading at $0.426, just below the critical resistance level at $0.43. This resistance has so far prevented a bullish continuation, making it a pivotal point for DOGE’s next price action. If the price manages to break above $0.43 and sustain this level for a few days, it could pave the way for a strong breakout and further upside momentum. Investors and traders are closely monitoring this area as a decisive move could trigger a significant rally. However, the $0.43 mark also represents a potential barrier. A failed breakout at this level would likely lead to a correction, pulling the price back to retest lower support zones. In such a scenario, DOGE could drop to around $0.35, depending on broader market sentiment and Bitcoin’s price action. Related Reading: Ethereum Eyes $3,900 – Key Resistance Break Could Spark A Surge The next few days are crucial as Dogecoin approaches this resistance with heightened market anticipation. Bulls aim for a breakout to sustain the parabolic run, while bears may seize the opportunity to push prices lower if momentum falters. For now, the $0.43 level remains the key to determining DOGE’s immediate direction and whether it will embark on a bullish continuation or face a pullback. Featured image from Dall-E, chart from TradingView
The Dogecoin price chart hints at a potential ascending triangle pattern formation, which could propel its price to new levels. In an X (formerly Twitter) post, a crypto analyst revealed that if the popular meme coin succeeds in creating this bullish technical pattern, it could trigger a price surge to $0.56. Dogecoin Price Eyes $0.5 […]
Crypto analyst KrissPax has revealed that the Dogecoin price has completed the first part of its bull phase, similar to what happened in the 2021 bull run. The analyst further provided insights into what is to come next for Dogecoin. Dogecoin Price Completes First Bull Phase In an X post, KrissPax mentioned that the Dogecoin price has completed its first up-phase this bull cycle, similar to the 2021 and 2017 bull runs. He noted that those previous cycles recorded two additional up-phases with huge percentage gains. Based on this, Dogecoin could record two more up-phases before its price tops in this market cycle. Related Reading: XRP Price Prediction: Analyst Says History Is Repeating Itself, Here’s How The crypto analyst called for patience with the Dogecoin price while it chops sideways a bit, possibly until the next leg of the up-phase begins. Crypto analyst Ali Martinez also mentioned how Dogecoin would test market participants’ patience in this parabolic run. He added that, just like in 2017 and 2020, the TD Sequential has shown a sell signal, which could lead to a brief correction before the bull rally continues. Meanwhile, in a previous analysis, KrissPax provided insights into how high the Dogecoin price could reach in this market cycle and what levels could mark the local tops for remaining up-phases. The crypto analyst predicted that Dogecoin could reach $3 in this bull run. However, he said the first step is for DOGE to reach $1. Therefore, the next up-phase could lead the Dogecoin price to $1. Once that is done, the next up-phase could be a rally to $3, as KrissPax predicted. However, Martinez’s chart showed a channel that could lead DOGE to rally to as high as $14 if it gets to the upper boundary of the channel. The median of the channel puts Dogecoin just above $1.5. Almost Time For The Next Leg Up Crypto analyst Kevin Capital suggested that it is almost time for the Dogecoin price to enjoy its next leg up. In an X post, he stated that Dogecoin has consolidated long enough and that the meme coin has also reset some key indicators on the daily time frame. In line with this, he believes Dogecoin will start heading higher. Related Reading: Bitcoin Price Forms Bullish Pennant On 3-Day Chart, $145,000 Target Swims Into View The crypto analyst added that the next leg will give market participants a good idea of the macro top for the Dogecoin price down the line. Crypto analyst Master Kenobi suggested that the next leg for Dogecoin will come unexpectedly. In an X post, he said that when it happens, it will happen fast. His accompanying chart showed that the Dogecoin price will break above its current all-time high (ATH) on its next leg up and rally to as high as $1.08. At the time of writing, the Dogecoin price is trading at around $0.42, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price is once again showing signs of a strong bullish run. Particularly, a golden cross has emerged on the Dogecoin 4-hour price chart, giving rise to what could be the continuation of bullish momentum in the coming weeks. The emergence of this golden cross suggests that buyers are now in control, and the […]
Dogecoin is one of the standout performers in the crypto market in the last weeks. Over the past 34 days, DOGE has rallied by 210%, climbing from $0.13 to above $0.41. The rally was fueled by excitement surrounding the creation of the Department of Government Efficiency (DOGE), spearheaded by Dogecoin advocate Elon Musk under the forthcoming US President Donald Trump. However, the rally has plateaued, with DOGE experiencing a sideways movement over the last 16 days. Despite this, the daily DOGE/USD chart continues to exhibit a highly bullish outlook. Legendary trader Peter Brandt, in collaboration with the observations of a crypto analyst known by the handle @Kultigin83, has highlighted a “running continuation flag” on the DOGE/USD chart, forecasting a potential price target of $0.66. Is This The Next Dogecoin Price Target? @Kultigin83 commented on X, stating: “Mr. Peter helps us, and I want to help him (a small piece of advice from a student); this pattern is known as an upsloping flag.” In response, Peter Brandt replied, “Yes, if completed, this would indeed be considered a running continuation flag.” The running continuation flag is a classic chart pattern recognized for its bullish implications. It generally appears during a strong uptrend when the price briefly consolidates or moves slightly downward within a parallel or slightly expanding channel. This pattern is crucial because it suggests that despite the temporary pause, the predominant bullish momentum is still very much intact. Related Reading: Analyst Maps Out Dogecoin Price Arc To $3 Using A Logarithmic Scale In the case of Dogecoin, the pattern observed follows a significant upward movement where the price notably increased from a level below $0.19 to above $0.39 following the breakout of a head and shoulders pattern, creating the “pole” of the flag. This pole is a crucial component as it represents the initial surge before the consolidation phase. Following this surge, the DOGE price action started to consolidate, moving within the boundaries of $0.340 to $0.48, forming the body of the flag. The method to derive the price target from a flag pattern involves measuring the length of the pole — in this instance, approximately $0.20 (from around $0.19 to $0.39). This measurement is then applied to the potential breakout point, which for DOGE appears to be forming around the $0.50 mark. By adding the height of the pole to the breakout price, the forecast target is set at $0.70. The analysis provided by @Kultigin83 sets a slightly more conservative target at $0.66. Related Reading: Is This The ‘Next Dogecoin’? Top Crypto Analyst Thinks So If Dogecoin can maintain its momentum and break out from the upper boundary of its running continuation flag, the target of at least $0.66 seems the next logical price target. This technical pattern, endorsed by Peter Brandt’s expertise, provides a bullish outlook for DOGE, suggesting that the cryptocurrency is not yet done with its upward climb. At press time, DOGE traded at $0.41. Featured image created with DALL.E, chart from TradingView.com
Following its massive rally above the $0.3 mark, the Dogecoin price has been struggling to break past the $0.4 resistance for weeks. A crypto analyst has revealed what could happen if Dogecoin fails to clear this crucial resistance, highlighting bearish scenarios and new price lows for the meme coin. The Dogecoin Price If It Fails […]
The Dogecoin price action has returned into a bullish trend in the past 24 hours after spending the majority of the past seven days on a correction path. Particularly, the Dogecoin price is currently up by about 4.5% in the past 24 hours. According to crypto analyst Master Kenobi, Dogecoin’s market movement appears to be […]
Crypto analyst KrissPax has predicted that the Dogecoin price can rally to as high as $3 in this market cycle. The analyst further explained how the foremost meme coin will reach this price target using the Logarithmic scale. Dogecoin Price To Reach $3 In an X post, KrissPax highlighted a path for the Dogecoin price to reach $3. He drew attention to a Dogecoin chart that connects the monthly tops of 2017 and 2021, with an arc representing diminishing returns with a larger market cap, using a logarithmic scale. He suggested that the first step to reaching this $3 target will be for Dogecoin to reach $1. However, the analyst is convinced that the meme coin can reach $3 in this cycle. Based on crypto analyst Trader Tardigrade’s recent analysis, this Dogecoin price rally to $1 could happen soon, putting the rally to $3 in motion. In an X post, the analyst said the Dogecoin Relative Strength Index (RSI) has been bouncing up from the oversold zone on a 4-hour chart. The recent RSI bounces from the same zone caused Dogecoin to surge 40% and 200%. The crypto analyst added that the pump intensity is even getting stronger. In line with this, he remarked that it won’t be surprising if the Dogecoin price spikes beyond the 200% level and rallies above $1.15. Trader Tardigrade also recently predicted that Dogecoin could rise as high as $3.52. This came as he noted how the meme coin always enjoys a 2x increase from previous local tops. Meanwhile, as these crypto analysts have suggested, this $3 target might not be the market top for the Dogecoin price in this market cycle. Crypto analyst Philip recently predicted that Dogecoin could at least reach a conservative target of $5. The analyst made this prediction in relation to DOGE’s performance in previous cycles. Anything Above $5 Is Unrealistic In an X post, crypto analyst Master Kenobi asserted that any chart projecting the Dogecoin price above $5 in this market cycle is unrealistic. He made this claim in relation to what Dogecoin’s market cap would be if it were to reach targets above $5, which he believes cannot happen in this bull run. Master Kenobi warned investors about looking forward to these price targets above $5 as they risk becoming bagholders for another four years. As to how high he believes the Dogecoin price can rise in this cycle, the analyst predicts that the range between $1 and $2 is realistic. He is confident that the rally to $1 could mirror Bitcoin’s rally from $1,000 to $10,000, and the rally to $2 could happen the same way BTC rallied$10,000 to $20,000 in just two weeks. At the time of writing, the Dogecoin price is trading at around $0.4, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Philip has asserted that the Dogecoin price rally is only just beginning despite the gain of over 300%, which the foremost meme coin has enjoyed this year. The analyst used technical analysis to explain why DOGE will still go way higher. Dogecoin Price Rally Is Still In Early Stages In a TradingView post, […]