Crypto -analyst Investing Scope has predicted that Dogecoin Price is set to reach the long-awaited $ 1 level. Analysts also suggested that it is now a good time to gather the main MEME coin as a purchase of purchases once in a year.
Dogecoin Coin Eyes Rally to $ 1 when the purchase option returns
The Dogecoin Prize sees a rally to $ 1 when a purchase option returns. On one TradingView PostInvestment Scope mentioned this $ 1 target while revealing that this purchase opportunity once in a year is aiming for 1,618 Fibonacci extension on the higher high trend line. His accompanying chart showed that the calculated rally for Dogge is already playing and that a deeper correction is unlikely.
Comment on the power Dogecoin price actionThe analyst stated that Dogge is neutral on his 1-day technical view. He added that the main MEME coin recovers from its previously exaggerated state and tested 1-week MA50 for the first time in three weeks.
This current recovery is said to have been made after the Dogecoin Prize touched the 1-week MA200, as the analyst claimed is the new Long -term bottomSimilar on August 5, 2024 and October 9, 2023.
Crypto analyst Master Kenobi Recently, also predicted that the Dogecoin Prize could reach $ 1 in June later this year. The analyst revealed that Dogge reflects a hooked pattern from Bull Run 2017, which is why he believes that the main meme coin could reach this price. This projected rally to $ 1 will represent the second phase of Dogecoin’s bull driving, just the same way there were two equal pumps in the 2017 market cycle.
Key levels to look at for Dogge
In an X post, crypto analyst Ali Martinez revealed the most important levels to look at the Dogecoin Prize. He highlighted $ 0.177 and $ 0.207 as the most important support and resistance levels for the main MEME coin. He added that these levels are crucial to determining the next price movement.
In an earlier post, Martinez stated that the super -trend indicator suggests that the Dogecoin price could enter a haus phase when breaking the resistance level of $ 0.21. Market Plainters are investing in a Hausse repentance for Dogge because Martinez revealed that 76.65% of Trader on binance futures Are long on the MEME coin.
Crypto -analyst traditional also predicts massive features for the Dogecoin Prize. In a post, he stated that the Meme coin’s macro chart follows the Dogge cycle. His accompanying chart showed that the main Meme coin could rally to as high as $ 8 in this market cycle.
At the time of writing, the Dogecoin price is traded at about $ 0.18, a decrease over 6% over the past 24 hours, according to data From Coinmarketcap.
Trained Image from Adobe Stock, charts from tradingview.com
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