While the price of Dogecoin fluctuates at a critical level of support, investors’ eyes are likely to exit. Analysts think that the current price range may be the beginning of a long -term rise. If the past cycles are repeated, Dogecoin is expected to rise up to $ 2.77 or even 20 dollars.
Technical indicators point to the rise
As we have examined as Kriptokoin.com, Dogecoin currently finds support from $ 0.15 to $ 0.17. Technical analyzes show that this level forms a strong base and can open the door of a upward movement. In the RSI over -selling area on the three -day graphics, this draws attention as one of the points where the price was recovered in the past.
Analyst Ali Martinez states that Doge remains in the long -term rising channel. If the support level of $ 0.16 is maintained, the price predicts that it can reach $ 2.77 according to Fibonacci extensions. If this scenario occurs, Dogecoin can see the highest level of a new time.
Past loops point to the big rally
When Dgecoin price movements are examined, it is seen that he experienced great rise in certain periods. After long -term accumulation phases, Dogge, who tended to enter the paraboolic rally, had similar explosions in 2017 and 2021.
According to Trader Tardigrade, Dogecoin is currently in a new accumulation phase. Increased transaction volume and over -chain activities show that a rise similar to past cycles is approaching. If the date repeats, the Dogr price can soon enter a new bull run.
Can Dogecoin see $ 20?
Some analysts think that Dogecoin may exceed $ 2.77 if Bitcoin remains strong. When the logarithmic growth model is examined, Doge seems to have new peaks after each large rally.
Trader Tardigrade says that if Dgecoin repeats past cycles, it can rise up to $ 4.50. However, some more courageous estimates argue that Doge can reach $ 20 in the next big bull season. In summary, a giant rally may be possible if Dogecoin maintains critical support levels and the market conditions are positive. If Dogecoin can maintain the current level of support, it can initiate a strong rise, attracting the attention of major investors. Market conditions and Bitcoin’s performance will play a critical role in determining Doge’s future movements.
