According to a recent analysis by crypto expert Trader Tardigrade, it appears that the price of Dogecoin is poised for a substantial increase. This prediction is based on a bullish trend he’s identified, which could potentially push Dogecoin up to around $5.
Dogecoin Price Set To Explode To As High As $5
In a recent post on X, the cryptocurrency trader known as Tardigrade forecasted that Dogecoin’s price may skyrocket up to $5. This prediction was made based on his observation that Dogecoin is approaching its final phase of a bull run. Furthermore, the analyst pointed out that the Chande Momentum Oscillator (ChandeMO) suggests that Dogecoin still has significant room for growth before hitting its peak in this particular cycle.
The chart accompanying the crypto analyst’s analysis suggests that the price of Dogecoin might surge up to $5, according to the ChandeMO indicator. There’s also a chance that the leading meme coin may continue its upward trend and reach as high as $9 during this market cycle. Trader Tardigrade has consistently maintained a positive perspective on Dogecoin in his analyses, predicting that it could potentially experience a steep rise, or a parabolic rally.
Previously, our crypto analyst noted that the price of Dogecoin appears to be coinciding with the 50 Arnaud Legoux Moving Average (ALMA). He went on to say that this trend mirrors the pattern seen during the 2018-2020 cycle. Given these observations, he suggested that Dogecoin is currently experiencing a significant uptick.
Previously, the crypto analyst had expressed his belief that the value of Dogecoin might surpass double-digit figures during this market cycle. Based on his assessment, if Dogecoin follows the pattern of its 2021 bullish trend, it could potentially soar as high as $30. On the other hand, if it mimics its 2017 bull run, he predicts that DOGE might reach around $8.7.
DOGE Closes Above The Macro .786 Fib
In a recent post on X, cryptocurrency expert Kevin Capital disclosed that the value of Dogecoin has finished a daily chart pattern above the significant .786 Fibonacci level. Given this development, he stated that the aim now is for an upward trend to continue. If this occurs, the previous highs near the macro golden pocket priced at approximately $0.48 could be reached next.
Previously, our crypto expert pointed out that the Dogecoin price had closed a daily candle beyond the confines of a falling wedge pattern and highlighted $0.41 as a significant future price point. Now that Dogecoin has reached this level, it’s crucial to monitor the $0.48 target, which the crypto expert predicts could be next, given their analysis.
In a recent blog post, cryptocurrency expert “Titan of Crypto” predicts that Dogecoin’s price could reach $0.66. According to his analysis, this will happen once Dogecoin breaks free from the symmetrical triangle pattern it’s currently in. Additionally, he noted an increasing positive momentum in the market for Dogecoin.
Currently, as I speak, Dogecoin’s value is approximately $0.4 in the market, having dropped nearly 4% over the past day, based on information from CoinMarketCap.
Read More
- Top 5 Swords in Kingdom Come Deliverance 2
- Best Avowed Mage Build
- Reverse: 1999 – Don’t Miss These Rare Character Banners and Future Upcoming Updates!
- How to Use Keys in A Game About Digging A Hole
- EUR AUD PREDICTION
- Brent Oil Forecast
- 8 Best Souls-Like Games With Co-op
- OKB PREDICTION. OKB cryptocurrency
- USD DKK PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
2025-01-19 10:11