Cryptographic analyzer Slow growing trader The prospect of Dogecoin price rising to $20 sparked this uptrend. A $20 price prediction came into the picture as the cryptocurrency analyst revealed what would happen if DOGE repeats previous sessions.
Dogecoin will rise to $20 if this happens
in Share XTrader Tardigrade predicted that Dogecoin price could rise to $20 if it repeats its historical performance. He noted that Dogecoin witnessed Bull marches After surpassing the previous candle body high in 20217 and 2021, with gains of 3000% and 8000% respectively.
In line with this, expect Dogeocoin price to rise as high as $20.68 if DOGE follows a similar pattern. Interestingly, Slow growing trader He previously predicted that DOGE could rise to a level of up to $8 if it reverses the uptrend of 2017 and rise to a level of up to $30 if it reflects the uptrend of 2021.
Meanwhile, the cryptocurrency analyst also suggested that the top meme coin could soon begin the next phase of its rise. In another post, X mentioned that Dogecoin price has broken out of a converging triangle and Moving Average Convergence Divergence (MACD) A bullish cross appears. DOGE could start an upward rally from here, he added.
Cryptographic analyzer Ali Martinez It also hinted at a bullish reversal for Dogecoin price. In X’s post, he mentioned that TD Sequential gave a buy signal on the hourly chart for DOGE. This indicates that the first meme coin could be well poised to record another move to the upside.
DOGE’s outlook is far from bearish
Posted by X, Cryptocurrency Analyst Kevin Capital He explained why the price of Dogecoin is far from bearish. He stated that DOGE is still witnessing a rapid expansion of the 50 and 200 moving averages after the weekly golden crossover occurred. He added that the meme coin is higher than the total gold pocket at $0.26 and fighting the macro of 0.786.
In line with this, he noted that there is no reason for market participants to be pessimistic about the price of Dogecoin. However, in the meantime, he mentioned He did not focus much on DOGE or other altcoins because the price of Bitcoin will determine the next move in the market. The cryptocurrency analyst confirmed that nothing has changed regarding this BULL RACE FOR DOGEexplaining that cycle tops don’t happen when everyone is bearish.
Cryptographic analyzer Javon Marks It also recently presented a bullish case for Dogecoin’s price, predicting that it could see at least a 5x increase from its current level.
At the time of writing, Dogecoin’s price is trading at around $0.35, down more than 3% over the past 24 hours, according to Data From Coin Market Cap.
Featured image from Unsplash, chart from Tradingview.com
