Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Here’s Why
The post Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Here’s Why appeared on BitcoinEthereumNews.com.
Este artículo también está disponible en español. The Dogecoin price has continued its consolidation just below the $0.44 level, but positive sentiment remains at a multi-year high. Crypto analyst Kevin, known on the social media platform X as @Kev_Capital_TA, has shared an updated perspective on a positive trajectory for the Dogecoin price, maintaining that the range of $1.30 to $1.50 is still a viable target. His recent post pointed to this price zone as a critical point of interest on his macro chart, aligning with the current market sentiment surrounding Dogecoin. Revisiting Kevin’s Macro Analysis And Earlier Projections This bullish prediction regarding the Dogecoin price builds on Kevin’s earlier analysis from September 18, where he outlined broader price targets as it approached a golden cross on the weekly timeframe for the first time in four years. This technical pattern is often seen as a signal of sustained bullish momentum. Related Reading Back then, he suggested that the Dogecoin price performance during this cycle could lead to price levels ranging from $0.93 for moderate growth to as high as $3.80 in an exceptionally strong market environment. Interestingly, both of these targets would see the Dogecoin price trading at new price territories higher than the 2021 peak. At that time, the Dogecoin price was trading at $0.10 and was on its way to break above the upper trendline of a descending channel. Since then, it has reached a peak of $0.44, translating to a 340% increase. Since the analysis, the meme coin has manifested this golden cross, prompting a strong bullish outlook for its price trajectory. Kevin’s updated $1.30-$1.50 target represents a midpoint that reflects both the coin’s current trajectory and the potential for continued growth under favorable conditions. Source: X The Path To $1.5 Dogecoin’s chart patterns and broader market sentiment…
Filed under: News - @ December 3, 2024 8:24 pm