It looks like Dogecoin price will see a major explosion to the upside based on the latest analysis by a cryptocurrency analyst Slow growing trader. The analyst has revealed a bullish pattern that could send Dogecoin as high as $5.
Dogecoin price is set to rise to $5
in Share XTrader Tardigrade predicted that the price of Dogecoin would rise to $5. This came as he indicated that Dogecoin is scheduled to complete its final stage Running bull. The cryptocurrency analyst added that the Chande Momentum Oscillator (ChandeMO) indicates that DOGE still has a long way to go before reaching the top in this cycle.
The accompanying chart of the cryptocurrency analyst showed that Dogecoin price may rise Up to $5 based on this ChandeMO indicator. There was also a possibility that the first meme coin could rise to $9 in this market cycle. Trader Tardigrade continued to offer a bullish view of the memecoin in his analysis, suggesting that DOGE may actually see a parabolic rise.
Before now, a cryptocurrency analyst mentioned that Dogecoin price is in line with 50 Arnaud Legault Moving Average (Alma). He further noted that this pattern is completely in sync with the last cycle from 2018 to 2020. Based on this development, he added that DOGE is in the midst of a boom.
The cryptocurrency analyst also previously predicted that the price of Dogecoin could reach double digits this market cycle. According to him, if the meme currency reflects Taurus cycle 2021and it is possible that it will rise to a level of up to $30. Meanwhile, expect DOGE to rise to $8.7 if it reverses the 2017 uptrend.
DOGE closes above the macro .786 Fib
Posted by X, Cryptocurrency Analyst Kevin Capital It revealed that Dogecoin price has officially closed a daily candle above the overall Fibonacci level of 0.786. In line with this, the cryptocurrency analyst noted that the goal now is to see a follow-through to the upside. If this happens, he added, previous highs at the overall golden pocket around $0.48 are next.
The cryptocurrency analyst previously revealed that Dogecoin price closed a daily candle outside of a range Falling wedge pattern He stated that $0.41 is the next important price level. With Dogecoin reaching this level, the $0.48 target is the next level to watch, the cryptocurrency analyst suggested.
Posted by X, Cryptocurrency Analyst Titan encryption It was stated that Dogecoin price is targeting $0.66. He noted that DOGE will take off after exiting the symmetrical triangle. The cryptocurrency analyst added that the bullish momentum is increasing.
At the time of writing, Dogecoin price is trading at around $0.4, down approximately 4% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com
