The price of Dogecoin reflects this bullish style of 2017, the following station is $ 1.1?
Encryption Master Kinobi It revealed that the price of Dogecoin reflects a bullish style of the 2017 bull race. Watching with this, expected that Dog could reach one dollar level very expected and provided a time schedule for the time that could happen.
Dogecoin, compatible copy price 2017, upward style
in X postMaster Kenobi revealed that the current pattern on the DOGECOIN price scheme reflects 2017 Paul RanWhich were divided into almost equal pumps in terms of value and duration. At that time, Dog pumped and then recovered for a long time before registering a reward march to strike new levels.
Based on the similarities between the 2017 bull race and the current session, Master Kenobi suggested that Dogecoin price The second phase of the Taurus tour could be witnessed in this course, as in 2017. He expected that the first Mimi currency could gather to a top $ 1.1 at some point in the first week of June.
At the same time, he also indicated that the current Doge level may be the local bottom, indicating that the reflection must happen from this current price range. Master Kenobi warned that there is no guarantee that the price of Dogecoin would reach this goal $ 1.1. However, he added that it is an interesting note that may be worth looking.
The bullish reflection may be on the horizon
The Crypto Crypto Lycus analyst also suggested that the price of Dogecoin has reached the bottom and is well enhanced to reflect the rise of its current level. He stated that Duji displays a Flood formation After a sharp correction of $ 0.50, followed by a sharp drop to the current support area of about $ 0.17.
The analyst also noted that this level of $ 0.17 is crucial for Dogecoin’s price because it was a previously uniformous field before the last penetration. According to him, if it is a rebound from this region, the price may move about $ 0.25 and $ 0.35. However, it has warned that the collapse without this support may lead to further reconsideration of the $ 0.10 region.
Encryption Trader tardigrade He also indicated that the price of Dogecoin can recover soon from its current level. He revealed that the Doug’s weekly candle closed with Duji. The analyst pointed out that this indicates a possible reflection from the declining direction to the upward trend at this level. Trader Tardigrade added that Doji appeared directly at the beginning of the last increase.
In another X Publication, the analyst stated that the price of Dogecoin builds a momentum to reflect the upward trend. He revealed that the graph for 4 hours shows an upward triangle with a higher low formation. His accompanying scheme showed that Duji can gather to $ 0.2 in the short term.
At the time of writing this report, the price of Dogecoin is traded at about $ 0.16, a decrease of approximately 2 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Unsplash, Chart from TradingView.com
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