The price of Dogecoin can prepare for large use as it lines the indicators of the technical economy and the macroeconomic economy Possible upward gathering. Although a significant decrease has been recorded over the past few months, the encryption analyst expected to be Dogecoin New targeting Ever High From $ 3.6.
The price of Dogecoin is heading for $ 3.6
Fresh total scheme analysis highlights a strong preparation for Dogecoin high price To $ 3.6. Historically, Dog Prices Movement followed a pattern of long period of confrontation of monotheism at home Clear spoil patterns The channels fall before they erupted in explosive price movements.
Play this style greatly during the bull race and the Doge 2021-2022 it seems to be repeated in the current market cycle. According to the graphDogecoin long from here? The extension can be 300 % possible opportunity to make profit Written by Kevin, an encryption analyst on X (formerly on Twitter), Dogecoin separated again from a multi -year downty direction. Meme also works to re -test the main technical channels and locate them Renewed step up.
Technical analysis refers to the areas of retreat and extension in the main Fibonacci, with the goal of 1.618 extension, the price height falls to $ 3.6. Looking at Ducin’s historical tendency to excel during favorable circumstances, the graph notes that a similar pattern can be repeated, especially that the market dynamics seem to be transformed.
Previously, the price of Dogecoin increased dramatically, It exceeds the bitcoin Most of Altcoins in the market. It is worth noting that Kevin revealed this Terms of macroeconomics It also seems to turn strongly in favor of Dogecoin, indicating a possible continuity of its upward direction.
The analyst noticed that Federal Reserve (Fed) It is widely expected to start lowering interest rates early in June or July, according to the Fedwatch (CME) tool in Chicago (CME). If this continues, it is expected that the liquidity step that affects the need in the financial markets will be pumped.
At one time, and The supply of money started to increase Once again, reflect the effects of the extended Quantum tightening (QT). Moreover, alternative inflation measures such as Trueflation indicate that inflationary pressures are diminished.
It is understood that a possible end of the QT program in the Federal Reserve can create a window for larger capital to risk assets such as cryptocurrencies. Accordingly, a mixture of strong technical penetration patterns and improving macroeconomic conditions can pave the way for Dogecoin to record unprecedented gains.
The analyst determines the target of Dog’s price in the short term
Sharing emerging feelings similar to Doug’s expectations in the future, Emma, an encryption analyst on X, Expected Two major short -term goals for Mimi coin. The analyst participated in a plan that Dogecoin is expected to reach an initial goal of $ 0.19 before he rising to a higher level of $ 0.20.
currently , The price of Dogecoin builds pressure After declining from a level of $ 0.24 and low hit at $ 0.17. The M. currency is now working to merge the threshold of $ 0.18 and approach quickly The main resistance area About $ 0.19. If Dog is able to break it and install it over this resistance in a large size, Emma believes that her collection can accelerate significantly.
Distinctive image from Getty Images, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
