This Analyst Predicted The Dogecoin Price Crash 2 Days Ago, Full Prediction Shows A Further 30% Decline
Two days ago, a cryptocurrency analyst accurately predicted Dogecoin price plummetshappened thereafter. According to the latest predictions from analysts, Dogecoin is expected to see a steeper decline, with its current trading price expected to fall by 30%.
Analysts predict prices will plummet 30%
Dogecoin price has plummeted to $0.35, down a massive 14% in the past seven days. Earlier this month, Dogecoin traded above $0.4 after surging on positive market sentiment. donald trump’s victory in the U.S. presidential election.
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A TradingView cryptocurrency analyst known as “MMBTrader” accurately predicted Dogecoin’s recent price plunge, and now updated His forecast warned of a potential further decline. The analyst shared a chart analyzing Dogecoin price trend and potential future trends. Currently trading above $0.3, DOGE price is slowly approaching critical resistanceilluminated by the red zone at the $0.438 level.
The red arrow on the chart illustrates Potential short-term adjustmentswill trigger a plunge in Dogecoin price to the central support area near $0.25. This sharp price drop means that the current price of Dogecoin will fall by 30%. Furthermore, analysts say that the expected price plunge is a pullback, consistent with the 0.618 Fibonacci level shown on the chart.
TradingView analysts also revealed that Dogecoin price may be confirmed if it can establish strong support at the $0.25 level Bullish trend continues. Such a development could pave the way for a potential rise in Dogecoin price in the near future.
Keep going, analyst’s green arrow DOGE Price Chart Represents the next potential phase pump. Analysts predict that a strong rebound from the $0.25 support could trigger a new bullish phase for Dogecoin. Furthermore, he expects a new bullish target for Dogecoin to reach the $0.75 area, marking an important target for Dogecoin Jump to new price highs.
Overall, TradingView analysts identify $0.45 as a level worth watching. While a drop to $0.25 for Dogecoin would mean a 30% price drop, a potential surge to $0.75 would mean a 115% price increase.
Dogecoin price expected to break through $1
although Dogecoin faces volatility and declineProminent cryptocurrency analyst trader Tardigrade expressed confidence in the meme coin’s potential rise. According to analysts, Dogecoin is currently move Within the defined range between $0.33 and $0.49, highlighted by the purple rectangle in the price chart.
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From the chart, this range represents Consolidation period During this period, the price of Dogecoin appears to be fluctuating between resistance and support zones. Analysts say a breakout of the upper end of the range could continue Dogecoin’s rally all time high $1.05.
Featured image created using Dall.E, chart from Tradingview.com
