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Crypto Analyst Cobravanguard He revealed the next price goal for Dogecoin as an ascending triangle for the main meme currency. A rally at this price goal could open the way for the new maximums, in particular with the cryptocurrency market that tries to be in rebound mode.
Next goal for dogecoin as a form of ascending triangle
In a TradingView Post, Cobravenguard has set $ 0,197 as a subsequent goal for the price of dogecoin with a formation of the ascending triangle. Noted that this ascending triangle indicates a potential increase in prices. The analyst added that the price could be increased, aligning with the expected movement of AB = cd.
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In the meantime, Cobravenguard has warned that it is essential to wait for the triangle to break before taking any action. His accompanying table showed that Dogecoin must break over $ 0.177 to confirm a break above the ascending triangle. A break above this goal would therefore lead to a rally at the goal of $ 0.197.
Dogecoin already seems to be in rebound mode at the moment, together with Bitcoin, which approaches the sign of $ 90,000 again. The main meme currency approaches the $ 0.177 lens for a break above the ascending triangle. As a cryptographic analyst Kevin Capital Suggested, Doge will probably gather as long as BTC is located in the bullish territory.
The cryptocurrency traders also bet on a dogecoin event to the rise. Crypto Analyst Ali Martinez He revealed that 76.26% of traders with dogge positions open on the future of the binance are bullish. This is particularly confident because Binance traders have a good experience of being right most of the time. In another X post, Martinez revealed that the whales purchased over 120 million doge last week, which is also a bullish for the main meme currency.
The structure of the doge market has moved
In a post X, cryptographic analyst Trader Tardigrade He revealed that the structure of the Dogecoin market has moved. This came when he noticed that Dogecoin is recovering from an ascending triangle, forming higher and minimal higher and minimal ups of upper and minimal lower.
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On the basis of this, the analyst said that Dogecoin had moved the Market structure From a downward trend to a tendency to rise on the hourly chart because it has just formed the second highest maximum. His accompanying table showed that Doge is observing an event at $ 0.177 while continuing to form higher maximums.
Martinez raised the possibility of Dogecoin price Rellifying up to $ 4 or even $ 20 in the long term. He stated that if Doge holds $ 0.16 support to the lower limit of an ascending channel, the story suggests that it could bounce towards the mid -range to $ 4 or range above about $ 20.
At the time of the drafting, the dogecoin price is exchanged at approximately $ 0.174, increasing over 3% in the last 24 hours, according to data from Coinmarketcap.
First floor image from Pexels, TradingView.com graphics