Is $0.1 for DOGE ? Meme Kombat Receives Bullish Backing
The post Is $0.1 for DOGE ? Meme Kombat Receives Bullish Backing appeared on BitcoinEthereumNews.com.
Dogecoin has surged today, while many other cryptocurrencies have slumped. Currently, the leading meme coin is trading at $0.08094, up 3.41% in the last 24 hours. This puts DOGE as the best-performing top-50 crypto by market cap – will this momentum finally push it past $0.1? Meanwhile, presale crypto Meme Kombat has also boomed, recently surpassing $2.1 million. Its explosive presale has compelled top industry analysts to provide some exciting predictions. Trader Predicts Dogecoin Will Hit $0.1 After Spotting “Three Drives Pattern” TradingView analyst Yaroslav_Krasko recently provided a Dogecoin daily time frame chart analysis, predicting that the price will soon hit $0.1 and climb to $0.16. The trader noticed a “three drives” chart pattern. This is where the price creates three symmetrical drives or moves up or down. In Dogecoin’s case, the drives are down, making this a bullish three-drive pattern, likely to be followed by a break out to the upside. Given the macro scale of the chart pattern formation, Yaraslav_Krasko forecasts significant gains after the breakout. The analysis refers to Dogecoin’s current trajectory as setting the stage “for a unique interplay of liquidity dynamics, often observed in breakout scenarios.” Other analysts are also significantly bullish on Dogecoin, with prominent X influencer KALEO offering commentary since it touched a trend line support at $0.7 last week. KALEO noted a “Clean bottom wick into support” and said, “Send it higher,” referring to Dogecoin creating new local highs. In a more recent tweet, KALEO referred to Dogecoin’s subsequent price action as a “solid recovery.” Dogecoin suffered a particularly bad bear market and made little progress as other cryptos like Dogecoin and Ethereum pumped over the last year. As such, it makes sense that it has begun outperforming the market. However, its recent pump may be attributed to a resurfacing video on…
Filed under: News - @ November 27, 2023 2:30 pm