Dogecoin Price Nudges At Important December 30th Date As DOGE/BTC Chart Aligns Perfectly With Previous Cycle

Cryptographic analyzer Master Kenobi provided an update on Dogecoin’s price action compared to the 2021 bull market. The analyst revealed that the DOGE/BTC chart is in line with this previous cycle and predicted when exactly Dogecoin could experience the long-awaited pump.

Dogecoin price is approaching the long-awaited pump

in Share XMr. Kenobi predicted that the long-awaited pumping of the Dogecoin price could begin in the third week of this month, around December 30. This came while comparing the current price movement with the previous session. Although Dogecoin pump Starting earlier than in the previous session, Mr. Kenobi highlighted the similarity between the two sessions regarding the Bitcoin halving.

The cryptocurrency analyst noted that on the DOGE/BTC chart, the red week falls exactly 238 days after the last halving, which is exactly in line with Bull Racing 2021. If history repeats itself, Mr. Kenobi predicts that Dogecoin price will close this week in the red, followed by two weeks in the green before the long-awaited pumping begins in the third week, around December 30.

The accompanying chart showed that the price of Dogecoin could rise to Up to $1.7 When this long-awaited event will happen around the expected timeline. This would mark a new all-time high (ATH) for the first meme coin, with DOGE’s ATH currently standing at $0.73.

Meanwhile, in his previous post, Mr. Kenobi noted that a red consolidation phase for the Dogecoin price is urgently needed, although he wished it had happened sooner. He also predicted that a new Dogecoin ATH could appear in the first half of January if it does not happen before the end of the year.

He believes that a rise in Dogecoin prices to a new ATH could coincide with Donald Trump’s return to the White House based on the “Trump effect” and Elon Musk Department of Government Efficiency (DOGE). DOGE provides a bullish outlook for Dogecoin, since DOGE inspired the name of the division.

A hidden bullish divergence is forming on the DOGE chart

Posted by X, Cryptocurrency Analyst Kevin Capital Draw the community’s attention to a hidden bullish divergence forming on the Dogecoin daily price chart. The analyst noted that Bitcoin price still needs to show upward momentum, so nothing is guaranteed. However, he added that Dogecoin’s price action is “textbook” at the moment.

Posted by X, Cryptocurrency Analyst Slow growing trader It also provided a bullish outlook for Dogecoin price. He stated that Dogecoin is ready for the next rally. The accompanying chart showed that DOGE could eventually reach $30 at the peak of this uptrend.

At the time of writing, Dogecoin price is trading at around $0.41, up more than 6% over the past 24 hours, according to Data From Coin Market Cap.

Featured image created with Dall.E, chart from Tradingview.com