February 4th becomes a crucial day for the Dotecoin Prize because a crypto analyst predicts a possible bullish trend. Historically, this date has proven to be a significant moment for the Meme coin and turned a large outbreak upside down. With Dogecoins youngest Prize The analyst indicates a possible shift and wonders whether Dotecoin can reflect earlier trends and Initiate a similar price outbreak.
February 4: A big day for Dogecoin?
Last year Dogecoin followed a special trend and experiences Major Price movements In exactly 183-day intervals. Krypto -Analyst, Master Kenobi revealed On X (formerly Twitter) on January 10, Dotecoin started a strong upward trend on February 4, 2024, which rose within a well -defined climbing Ascending Channel.
A closer look at the analyst’s price diagram shows that the meme coin experienced an outbreak On February 4, 2024. Exactly six months later (183 days), on August 5, Doonecoin experienced one of his most dramatic drops of the year. The massive correction Had almost driven the price of Doge where his value was when it started its upward trend for the first time in February.
With February 4, 2025, which is approaching bullish pattern will repeat. The technical diagram analysis shows that the Doge Prize has maintained a bullish structure and acts in a long-term rising channel.
The price campaign of the Meme Coin also reflects the consolidation observed during the previous outbreak. Dogecoin is currently calm, Consolidation near an important support level At 0.33 USD, characterized by the green trend line. Based on his price card, Master Kenobi has highlighted the potential of the Meme coin, to reflect past trends and initiate A Massive price rally to new heights. The analyst has set a bullish goal at the level of 0.6 US dollars, which represents a potential increase of 81.8% compared to the current market value of the Meme Coin.
Although Historical trends Master Kenobi can provide insights into potential future price movements and emphasizes that he records his predictions with a grain of salt. He admits that his analysis are only ideas and observations that should help to offer dealers and investors a comparative perspective. He warns that investors should not treat his forecasts as a “life or death game”, but rather an informative guide.
Doge aims at 0.36 USD after triangular outbreak
According to a new analysis of the prominent crypto analyst Ali Martinez, the price for Dogecoin is Targeting A new resistance of $ 0.36. In December last year, the price rose well above the 0.4 US dollar brand and aimed at it Break his ATH of 0.74 US dollars.
After its explosive price meeting, the Meme -coin experienced A significant withdrawalwhich currently falls at $ 0.32 to act. Based on the data from Coinmarketcap, Dogecoin has recorded another price drop that has dropped by about 7.6% last week.
Still apparently bear performanceAnalysts like Martinez remain bullish. He has a new change in Dowecoin Prize -Igramand reveal that the Meme coin is successful violates a symmetrical triangle Pattern. The Meme coin broke over the triangle pattern when its price exceeded the 0.329 US dollar.
After this new spread, Martinez Dogge predicts a rally of 9.38%, which may regain the losses that have arisen last week. This upward impulse could increase the price to the new goal of $ 0.36.
Selected picture of Unsplash, diagram of tradingview.com