Momthum Momntum Dogecoin was the third intersection after 2017 and 2021, here is what happened the last time

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Momthum Momntum Dogecoin was the third intersection after 2017 and 2021, here is what happened the last time

Dogecoin is still So far to recover Its price decreased from last week, which witnessed its decrease to less than $ 0.3. However, a major technical signal appeared on the Doug’s price scheme, which could send Mimi currency On the route For the rest of the year.

According to the Crypto KrissPax analyst, which highlighted this main technical sign on the X social media platform, the Momecoin Price Momentum (PMO) indicates that the Meme currency can be about to increase the price.

Dogecoin the price of momentum

Technical analysis The price of Dogcoin explains that the pi -momentum oscillator (PMO), a tool used to measure direction and momentum, has just recorded an intersection on the timeline of the candle for two weeks. The PMO Cross occurs when the PMO line crosses the top or below its signal line, which is usually average average for PMO.

When the PMO line crosses over the signal line, it indicates that the momentum turns in favor of buyers. This phenomenon is especially important, as it occurred only twice in the history of Dogoin, in 2017 and 2021.

Doge PMO Crossover indicates the upper trend of capabilities Source: krisspax on x

Looking at the previous cases, the PMO transitions from Dogcoin preceded some of its most explosive gatherings. The first PMO transfer was in 2017 when the market was about to enter the first large bull market. After Cross 2017, the price of Dog increased by more than 6000 % until it reached $ 0.0175. Likewise, the second intersection occurred before the historical assembly of Dogecoin in the Taurus 2021 market. At that time, the Meme currency went by 36,400 % to reach its highest level ever at $ 0.73 after the upper intersection.

The next Doge’s step: The analyst targets the price level of $ 4

with History as a reference, KrisPax predicted that the latest PMO DOGECOIN intersection could lead to another great outbreak. Interestingly, the last PMO has pushed Dogecoin to its highest levels in the years, but modern corrections have The momentum stops ascending.

However, many Crosses agree to this Dogecoin’s career has been set to appeal at any time from now. As such, KRISSPAX expected that the ups of the ups of the ups of four years are still in playing, and we can look at a large move to the top of DOGE. In terms of price goal, the analyst set the price goal of $ 4.

Achieving the goal of the price of $ 4 will be an increase of about 4,110 % of a decrease of 2024, which was recorded immediately before the start of the current market cycle.

At the time of this report, Dogecoin is traded at $ 0.2619, an increase of 0.18 % over the past 24 hours. Access to the goal of the price of $ 4 will also represent a 1427 % increase from the current price point. However, the first step in achieving the goal of the price of $ 4 is to break and Hold the price level of $ 0.3 once again. The short -term price resistance levels are $ 0.4 and finally $ 0.5.