The Price Dogecoin seems to be observing an outbreak above the psychological 1 -dollar level that has broken a resistance trend line. Crypto -analyst Dealer Tarderrade Provision of a schedule for the time when this massive increase as a doge customer can occur to a new all-time high (ATH).
Dogecoin Price Eyes Rally over 1 USD after violating the resistance trend line
In X PostDealer Tardergrade predicted that the price for Dogecoin could gather after a break above the resistance line over 1 USD. He revealed that Doge broke out of a meantime Resistance trend line While there are no signs of a wrong break.
He added that this price movement was very similar to those in February 2024 than there was a massive increase after a period of impulse.
In accordance with this he claimed that if The Dogecoin Prize If a similar structure carries out, a massive increase could occur in May 2025, with the Meme coin outbids the 1 dollar brand. His associated table showed that Doge gathered from around 0.09 US dollars to up to $ 0.18 when it last experienced a similar dynamic structure.
In another X contribution, he also provided a bullish outlook for the Price Dogecoin. The analyst confirmed this Doges Wyckoff -Accumulation Didn’t miss. Trader Tarderrade found that in phase C a test of the spring followed after a signature change of the Wyckoff accumulation.
In phase D, phase D contained several low points of support (LSPS), signs of strength (SOS) and backups (BU). He added that Dogecoin, as soon as she consolidates around 0.18 USD for a while, entered Phase E to complete the pattern and start a massive rally for the meme coin. The price of dotecoin is expected to reach $ 0.26 in phase E before it gathered at new heights.
Dogge has developed well in this cycle
In an X Post, Krypto -Analyst Kevin Capital It was said that the price for Dogecoin in this cycle has already “except” well, taking into account the macro -poor circumstances of high interest rates, reducing money supply, high inflation and quantitative tightening. On this basis, he expects Doge to cut off even better when the monetary loosening guidelines start.
He predicts that the price for Dogecoin could gather on at least 3 US dollars if there is increasing money supply and falling interest rates. The FED is expected to start until June and July. The analyst found that there is also a lower inflation, which is recognizable by the TrueFlation indicator.
Therefore, quantitative stripping guidelines will soon end, which is optimistic for the leading Meme coin. It is worth noting that the price of Dotecoin at its current local high of $ 0.45 Lined interest rates are lined last year.
At the time of the letter, the price of Dogecoin is around $ 0.18, which has increased by almost 3% in the past 24 hours Data From coinmarketcap.
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