Dogecoin is Show a strong momentum In the current weekly scheme, after it erupted just from the most famous accumulation with a Strong upholstery. In the past few weeks alone, Dogecoin has increased from less than $ 0.14 to more than $ 0.22. The recent encryption market price movement during the past 24 hours has witnessed the owners of the coins exceeding $ 0.24, and away from a The scope of monotheism between 0.21 dollars and $ 0.235 attached price movement last week.
However, according to one widely followed indicator, the bullish Dogecoin step may only begin.
RASI RAM is repeated 2024 before the outbreak of 243 %
Tardigrade Tradygrade analyst at Crypto has caught a significant signal on the Dogecoin RAM. Take to Published on the x social media platform, The analyst pointed out that the current preparation reflects the accurate artistic structure that was seen before the price of Dogecoin exploded by more than 243 % between November and 2024.
The main moment before the wonderful increase was the random RSI intersection, which indicated the beginning of the continuous emerging translator. The same intersection has just occurred again, as the lines wander strongly and enter what Tardigrade described the analyst in a strong upward trend.
The accompanying graph shows that in late 2024, this delicate RSI was followed by a header from approximately $ 0.10 to 0.48 dollars within six weeks. The optical analysis of the graph below represents the penetration area with a thick brown rectangle, indicating the RSI RAM and the subsequent assembly of prices in 2024. This low base is highlighted, followed by an aggressive outbreak, and is confirmed by the transformation of the RSI momentum ascending.
0.75 dollars on the horizon for Dogecoin
When this analysis was shared, Dogecoin was trading a little from $ 0.22 and was keeping a solid weekly gains After sharp apostasy from 0.215 dollars on Monday, May 20. This apostasy was a major reaction in the growing support zone here based on the penetration structure, which was formed from $ 0.14 since early April.
If Dogecoin follows the same path as it happened during the last quarter of 2024, the increase of 243 % of the price level is 0.22 dollars Select the target price near 0.75 dollars, and put it effectively in its circulation at all levels of prices ever.
Interestingly, the price movement during the past 12 hours has seen that Dogecoin begins early momentum over $ 0.22. At the time of writing this report, Duij is trading at $ 0.2425, after increasing by 7.6 % over the past 24 hours. If Dogecoin is repeated in late 2024, we may see price trading at about $ 0.75 at some point in late June, according to the fall of Trader Tardigrade. However, the first step is a fracture above A strong resistance area at $ 0.25.
Distinctive image from Getty Images, Chart from TradingView.com
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