Dogecoin Still In Play As Price Gears Up For Another 600% Run Above $2
Although there is a recent callback of dogs, encrypted analysts Javon Marks It provides the prospects for bullishness for the most important coin. According to M, the price of Doge is preparing for a move that may be sent to more than $ 2.
Dogecoin runs $ 2 at a rate of 600 %
exist X postJavon Marks predicts that Dogecoin can record a 600 % price rally, and the increase is higher than $ 2. Although there have been recent callbacks, he provided some optimism, but the governor fell to $ 0.30. He said Price action It is “refreshing” because the price can still be traced back to another excellent bullish performance.
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Marks added that history shows that other 600 % or more operations may occur, which makes the price of Dogecoin higher than $ 2.28. Consistent, he pointed out that the next wave can be historically. Analysts mentioned before Governor’s historical performance When he predicts that coins may exceed 1.618 FIB extension, it is currently $ 2.2.
Encrypted analyst Trader TARDIRADE recently hinted at the historical performance of Dogecoin. At that time, he predicted that the price might be assembled as Up to $ 20 In this market cycle. The analyst pointed out that Dogecoin experienced the bull rally after surpassing the previous candle in 20217 and 2021, increasing 3,000 % and 8,000 %, respectively. Therefore, he pointed out that if a similar mode appears again, the Doge can achieve the goal of this $ 20.
However, in the short term, the price of Dogecoin can still be reduced to $ 0.26 before recording any parabolic rally. This is based on encryption analysts Behdark’s DOGE analysisHe explained that falling to $ 0.26 is part of C corrective measures. Once the price is completed, the analyst predicts that the coin can rebound to $ 0.50.
During the recent decline, the governor failed to contact the trend line
Encrypted analyst Master Kenobi It is pointed out that during the latest decline, the price of Dogecoin failed to touch the trend line he emphasized on the chart. Consistent, he questioned that this means that Doge can still witness the current price level of more callbacks or liters. Although he did not provide answers, the analyst mentioned an early analysis that he predicted that Doge could record a three -fold price increase between February and March and reached 1.05 US dollars.
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At the same time, after the recent callback, the price action of Dogecoin may have changed from a decline to a bullish. In X post, Trader TARDIGRADE It is pointed out that Doge’s MACD Blulish Crossover is about to come on a 4 -hour chart. He explained that this shows that DOGE has changed from a short -term momentum of falling to bullish.
During writing, the transaction price of Dogecoin was about $ 0.32, a decrease of more than 8 % in the past 24 hours. data From Coinmarketcap.
Charts from adobe stock, characteristic images, tradingView.com
