Dogecoin’s Expanding Triangle Suggests a High-Volatility Bre
koinmilyoner
Updated at: 6 hours ago
{"content":"Dogecoin’s Expanding Triangle Suggests a High-Volatility Breakout
Dogecoin might reach $1.25. He remarked that meme currency is trading in a bullish Megaphone pattern inside a channel up. The analyst noted that the weekly MA200 recovery on June 16 is a higher low at both patterns' bottoms.
The 1-week Relative Strength Index (RSI) recovering on its long-term support zone suggests Dogecoin is entering a bullish phase. This may be the last surge that shapes this cycle's peak. DOGE is aiming $1.25 since the past two bullish legs crested on the 3.618 Fibonacci extension of the last fall, according to the expert.
If market players want to chase a Channel higher aim, he said $0.8 is OK. Dogecoin's current ATH is $0.73. A rise to $0.8 and $1.25 would set new ATHs. His graphic suggested DOGE might meet these goals in the first half of next year.
From now until then, Dogecoin should rise steadily to those objectives. After Bitcoin reached a fresh ATH, the meme currency started another rise. DOGE has recaptured the $0.20 psychological price threshold and may hit its previous local high at $0.26.
The expert said this may be Dogecoin's finest setting for a huge run.
This God candle might start a DOGE season, when the meme currency outperforms the flagship crypto. The analyst's graphic revealed DOGE may reach $9 during this time. He said the meme coin's liftoff depends on $0.2 support.
Dogecoin is now selling at $0.2, up roughly 2% in 24 hours, according to CoinMarketCap.
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