Dogecoin Price Marks Local Bottom, Can Price Run 100% From Here Again?
2024年11月6日 - 2:30AM
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Crypto analyst Trader Tardigrade has revealed that the Dogecoin
price has marked a local bottom. He further provided insights into
what could come next for the foremost meme coin, with a 100% price
rally from its current level on the cards. Dogecoin Price
Forms Local Bottom In an X post, Trader Tardigrade mentioned that
the Dogecoin price has formed a local bottom signal. He explained
that whenever the DOGE Moving Average Convergence Divergence (MACD)
bearish cross forms, Dogecoin tends to trade sideways for a week
before starting another bull run. Related Reading: Shiba
Inu’s Shibarium Sees Daily Transactions Surge To 4.68 Million, Will
This Push SHIB’s Price Toward $0.00008? With the bearish cross
happening now, the DOGE price is gearing up for another leg up,
which, based on Trader Tardigrade’s analysis, could happen a week
from now. The analyst’s accompanying chart showed that Dogecoin
could witness up to a 100% rally as it rises to $0.28 from its
current price. The chart also showed how the Dogecoin price
has formed local bottoms and then enjoyed another leg up since its
bull run began in September. The DOGE price is up over 53% since
September, outperforming the top 100 cryptos by market cap during
this period. Crypto analyst Master Kenobi, who had rightly
predicted the start of the Dogecoin bull run, also recently
suggested that the meme coin was ready for the next part of its
bull run. In an X post, he stated that it was nice to see the
Dogecoin price back above $0.16, seeing as the meme coin has
successfully retested previous resistance levels and confirmed them
as support. Master Kenobi further mentioned that the next
levels to watch out for after the Dogecoin price reaches $0.23 are
$0.33 and $0.73, its current all-time high (ATH). Once the meme
coin reaches $0.73, the analyst remarked that the DOGE price will
“moon,” indicating a parabolic rally. Daily And Weekly Golden
Cross Pending For DOGE Self-acclaimed DOGE lead analyst on X Kevin
Capital revealed that a daily and weekly golden cross is pending
for the Dogecoin price. The analyst noted that this was happening
right before a potential Donald Trump victory and Elon Musk’s
implementation of the Department of Government Efficiency
(D.O.G.E). Related Reading: Is The Bitcoin Bull Market Over?
Analyst Reveals Bear Case That Could Send Price To $28,000 A Trump
victory could be the catalyst for a Dogecoin price breakout above
$0.20, considering that it will pave the way for Musk’s D.O.G.E
proposal which continues to impact the meme coin positively.
Crypto analyst Ali Martinez also recently analyzed Dogecoin price
action and said that the meme coin was the perfect trade right
before the US elections. Indeed, the meme coin might be the perfect
trade as it has decoupled from other crypto assets and is the top
gainer among the top 100 cryptos by market cap ahead of today’s
elections. At the time of writing, the Dogecoin price is
trading at around $0.165, up over 10% in the last 24 hours,
according to data from CoinMarketCap. Featured image created
with Dall.E, chart from Tradingview.com
Dogecoin (COIN:DOGEUSD)
過去 株価チャート
から 10 2024 まで 11 2024
Dogecoin (COIN:DOGEUSD)
過去 株価チャート
から 11 2023 まで 11 2024