middle Market declining directionThe Crypto Dogecapital analyst has explained why there is no rise in Dogecoin prices to $ 10 in business. The analyst has identified many developments that confirm this upscale view of the first Mimi coin.
Why is the price of Dogecoin still gathered to $ 10
in X postDogecapital explained a confident reason that the price of Dogecoin will continue to gather to $ 10 and even higher in This market round. While referring to the daily Doug scheme, he mentioned for the first time that the indicator at the top of the associated graph has constantly defined the Docain cycle cycles, which feature red vertical lines with the “region that never misses” on the wave index.
Second, the encryption analyst noted that this same indicator corresponds to the theory of 1442 days, indicating that the price of Dogecoin completes each session and reaches its final peak in the fourth year of the session. He added that the parallel canal theory predicted carefully at the top of the final session by hitting the line over the red line (on the associated graph) in 2017 and 2021 courses.
The price of Dogecoin was currently in a decline, as it decreased from the highest local level of approximately $ 0.46 in December 2024 to a range of $ 0.2. but, He suggested DogeCAPITAL This low price was not outside the place. He claimed that Mimi’s first currency has historically reached this level before entering the second stage of its upward movement.
The encryption analyst claimed that stage 2 usually reaches its climax when the price strikes the same parallel line. His accompanying scheme showed that the lower boundaries of the channel are at the target of $ 4. He believes that Dukwin will follow this style again, which leads to a large correction after stage 2, similar to previous sessions, before moving to stage 3, which will be the last stage of the cycle.
Dog can reach $ 45 in stage 3
Dogecapital expects that the price of Dogecoin can exceed 45 dollars in the 3th stage of the bull cycle. He pointed out that in stage 3, the peak price per course reaches the line above the parallel line, on the occasion The upholstered upper part of the cycle. According to him, this line is placed in $ 45 and gradually increased over time.
The encryption also claimed that if the date repeats the same date, the timing of the price of Dogecoin that reaches this line will determine when the final peak of this session occurs. Dogecital predicts that Dogecoin will perform similarly or even Outperform Fourth session performance. He added that this expectation depends on factors such as technological developments, the increase in global adoption, and the increasing institutional interests.
At the time of writing this report, the price of Dogecoin is traded at about $ 0.21, a decrease of more than 9 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Adobe Stock, Chart from TradingView.com
