Crypto Analyst Crypto Paradise has the option of recording another explosive rally Psychological $ 0.4 levels. The analyst emphasized a bullish pattern that proves that the leading Meme coin could experience this parabolic step.
Why the price for Dotecoin could soon gather over $ 0.4
In A TradingView contributionThe crypto paradise predicted that the price for Dogecoin could soon gather over 0.4 US dollars and explained why this parabolic step was on the horizon. The analyst revealed that Doge is currently forming a descending channel patternAnd things look “interesting” for the leading meme coin.
He also noticed that the Price Dotecoin had printed a bullish, winding candle directly onto the supportive trend line, which was supported by bullish divergence And an important support zone. Crypto Paradise found that these are all strong signals that a bullish train on the horizon could be for the leading Meme coin.
The Crypto Paradise also claimed that the price of Dotecoin will probably bounce off the strong support zone when it experiences further panic sales or a lower facility. In order to confirm this potential step towards the upward trend, the analyst noticed that the market must have a “bullish i-chef”, a W-pattern or a witness to a witness the opposite head and shoulders Education on the lower time frame before considering a bullish step.
On the flip page, the crypto analyst mentioned that this optimistic outlook for the Dotecoin price could become invalid if Doge closes a candle under the strong support zone. When this is going on, he advised that it is best to step down and wait for a better price campaign to be developed instead of enforcing a trade.
Two potential scenarios for Doge
In an X -Post, Crypto Analyst Master Kenobi Sketched two potential scenarios for the Dotecoin Prize and its future trajectory. First of all, he explained that Doge could repeat the pattern of last year and had reached a highlight by the end of February. For the second scenario, the analyst stated that the leading Meme coin could repeat the August phase, in which a pump follows an extended consolidation, with Doge reaching its peak in April or May.
The crypto analyst noticed that it was based on the second scenario. In view of the August phase, he found that the Dotecoin price recorded a price increase of 6x after a violent decline. Master Kenobi claims that Dogecoin could gather Up to $ 1.25 Before its price, its climax in mid -April or May.
The analyst also raised the possibility of an early bear market scenario. However, he dismissed this when he believed that it was not advisable to entertain such an option, as this is in 2025.
At the time of writing, the price for Dogecoin was traded at around USD 0.26, which has increased by over 1% in the past 24 hours, is over 1%. Data From coinmarketcap.
Selected picture of Unsplash, diagram of tradingview.com