Crypto analyst Dearders has increased the possibility that the Dogecoin price in this bull run will increase up to $ 20. The price forecast of $ 20 came into play when the cryptoanalyst unveiled what would happen if doge would repeat earlier cycles.
In this case, Dogecoin will increase to $ 20
In one X contributionThe dealer TARDigrade predicted that the Dogecoin Prize could increase up to $ 20 if it repeats its historical performance. He noticed that Dogecoin had learned Bull rally After surpassing the previous candle body high in 20217 and 2021 with growth of 3,000 % and 8,000 %.
Accordingly, he predicted that the Dogocoin Prize could increase up to $ 20.68 if Doge follows a similar pattern. Interesting, Dearders So far, it has been predicted that Doge could increase up to $ 8 if it reflects the bull run from 2017 and could increase up to $ 30 if it reflects the bull run from 2021.
Meanwhile, the crypto analyst also indicated that the leading meme coin could soon begin the next stage of her bull run. In another X contribution, he explained that the Dogecoin Prize had broken through a convergent triangle and that Sliding average convergence divergence (macd) Shows a bullish crossover. He added that Doge could start a bull rally from here.
Crypto analyst Ali Martinez also indicated an interest bully reversal of the Dogecoin Prize. In an X contribution, he explained that the TD sequential presented a purchase signal on Doge’s hourly chart. This indicates that the leading meme coin could be well prepared to record another upward movement.
The view from Doge is anything but pessimistic
In an X contribution, crypto analyst Kevin Capital argued why the Dogecoin price is anything but bearish. He explained that after the weekly Golden Cross, Doge still recorded a quick expansion of the moving average of 50 and 200. He added that the meme coin lies with $ 0.26 above the macrog gold area and fights against the macro value of 0.786.
Accordingly, he pointed out that there was no reason for the market participants to judge the Dogecoin Prize pessimistically. In the meantime, however, he mentioned That he did not focus very much on Doge or other old coins because the Bitcoin price will determine the next movement on the market. The cryptoanalyst assured that nothing has changed in this regard Doges bull runIt states that there are no cycle tips when everyone is pessimistic.
Crypto analyst Javon Marks The Dogecoin Prize was also recently rated positively and predicted that it could increase at least five times compared to the current level.
At the time of writing this article, the Dogecoin Prize is around $ 0.35, which corresponds to a decrease of over 3 % in the last 24 hours Data by Coinmarketcap.
Selected picture of Unsplash, diagram of tradingview.com