The Dogecoin Weekly chart shows bitcoin -like movements that can lead to a 4000 % increase
The cause of confidence
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Dogecapital It has highlighted a bitcoin -like style on the Dogoin chart, which can lead to an equivalent gathering. Based on its analysis, this gathering can send a DOGE price above $ 10, which represents the highest new level (ATH) for the upper Mimi coin.
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The historical pattern of bitcoin that can send Dogecoin above $ 10
in X postDogecapital expects that the price of Dogecoin can exceed $ 10. Gloom to the weekly graph and compare the historical price courses of Bitcoin and Doug, while indicating what tends to happen when BTC closes a weekly candle in The highest level ever (ATHS). In the first session, which was in 2017, Doug rose and got a profit of 94X in the following months after the BTC was closed in ATH.
In the second session, which was in 2020, Dogecoin witnessed a 190X more awareness of the following months after Bitcoin was closed at all levels at all. Meanwhile, again in the third session this year, BTC is currently exchanging ATHS. However, it needs to confirm a weekly closure above this level to check the health Doge Breakout.
Depending on the date, Dogecapital indicated that this can pave the way for Dogecoin “in a large way” that surpasses Bitcoin again. Dog can go beyond its gains In previous sessions. The accompanying plan showed that the MG currency can reach $ 69 in this explosive move.
The market -participating analyst urged the watching Close, where Bitcoin has confirmed twice the last new levels, not only dogcoin but rather “launched”. In the short term, the encryption analyst Ali Martinez indicated that the first Mimi currency could reach $ 0.31. In the X Publication, he stated that Duji appears to be exploding from the banner of the bull, which indicates this goal.
The trend is still strong
In X Publishing, Tardigrade merchant dealer I mentioned that the upper trend of Dogecoin is still very strong. His accompanying scheme showed that Mimi’s currency still has enough space to gather to the long -awaited price level. In another analysis, the analyst stated that Doge is likely to break the highest level at $ 0.25.
Meanwhile, Kinopi, an analyst at Chefir, stated that the short -term map of Dogecoin will go according to the plan so far. His scheme showed that he expected Mimi currency to unify this range for 17 days before it explodes and gathered to $ 0.75 at some point in June. This will represent a new ATH Dog’s priceWith its current rise at all at $ 0.73.
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At the time of writing this report, the price of Dogecoin is traded at about $ 0.2286, a decrease of more than 6 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Unsplash, tradingvief chart
