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Despite the last withdrawal from Dogecoin, the encryption analyst Javon Marx She gave a thunderbolt look at Mimi’s first coin. According to M, the DOGE price is preparing for a step you can send over $ 2.
Dogecoin is preparing for 600 % exceeding $ 2
in X postJavon Marks expected Dogecoin to record 600 % and increase over $ 2. This came as some optimism gave despite the recent decline, as Dog fell to $ 0.30. He stated that Price It is “refreshing” because prices are still looking at the right track of another wonderful export performance.
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Marx added that history indicates that another operation can occur by 600 % or more, which sends the price of Dogecoin above $ 2.28. Walk with this, note that the next wave can be historical. The analyst has already alluded to Dog’s historical performance When you predict that Mimi can exceed 1.618 FIB, which is currently $ 2.2.
Tardigrade also alluded to the historical performance of Dogecoin when he expected his price to collect It reaches 20 dollars In this market cycle. The analyst pointed out that Dogecoin suffered from the bull marches after the previous candle body exceeded in 20217 and 2021, with 3000 % and 8000 %, respectively. So, note that Dog can reach this $ 20 goal if a similar pattern is displayed again.
However, in the short term, the price of Dogecoin is still decreasing to $ 0.26 before any equivalent gathering recorded to the upward trend. This depends on the encryption analyst Behdark’s Doge AnalysisWhere he made it clear that the decline to $ 0.26 is part of the corrective step of C Wave. Once the price correction is completed, the analyst expected that the Mimi currency can recover to $ 0.50.
Dog’s failure to touch the trend line during the last decline
Encryption Master Kinobi Note that the price of Dogecoin failed to touch the direction line, which was highlighted on the graphs during this recent decline. In line with this, he wondered whether this means that Dogs can still witness further decline or upscale reversal of the current price level. Although he did not provide an answer, the analyst has given a previous analysis, as Dog would record the increase of 3X prices and up to $ 1.05 between February and March.
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Meanwhile, Dogecoin’s work may turn from landing to climb after this last decline. In X Publishing, Trader tardigrade It was mentioned that the Macd Sufi Krojoj was approaching the graph for 4 hours. He explained that this indicates a short -term momentum turning from the drop to ascending.
At the time of this report, Dogecoin is traded by about $ 0.32, a decrease of more than 8 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Adobe Stock, Chart from TradingView.com
