EWT encryption analyst provided an emerging state of Dogecoin pricePrediction can reach $ 8.5. His analysis explained why the first Mimi currency could reach the ambitious price goal.
The analyst predicts the Dogecoin prices to $ 8.5
in X postEWT expected that the price of Dogecoin could gather to $ 8.5. Follow this prediction his analysis of Dagh Daily schemeHe claimed that the current basic procedure indicates that the Mimi currency is in a sub -group of 1 to 2, which increases the possibility of a crowd to $ 6. His accompanying scheme showed that Dogecoin can correct up to $ 1.2 as soon as it reaches $ 6.
In the aftermath of the corrective transition to $ 1.2 in the 4 wave, Dogecoin will see another step flowing to the upward trend, which you will send to the price of the price of $ 8.5 in the wave 5. The graph also suggested that the first MEME currency can exceed the price of the price of $ 8.5 and perhaps Access to double numbers.
EWT had previously told the market participants to prepare for huge moves of the price of Dogecoin this year while analyzing the Meme currency on the upper timeline. At that time, his accompanying scheme showed that Duij could reach $ 20 or even $ 45 if it reaches the upper limits of Upward channel.
These goals indicate that Doge's Bull Run has not yet ended, as the price of DOGECOIN may still reach the highest new level (ATH) in this market cycle. The first Mimi currency is currently struggling to restore a level of $ 0.2 as a support. However, encryption analysts such as Trader Tardigrade expected that the upscale reversal could happen soon enough, and send the mem currency to new levels.
Other superior outlook for a fever
Dogecapital He also expected that the price of Dogecoin could exceed $ 10 in this market round. His latest analyzes indicated that the Doug's weekly candle continues to adhere to the level of the parallel line itself, which reflects its behavior during the 2017 and 2021 sessions. The analyst noted that once the bottom of the MIM currency is fully confirmed, the second stage is expected to start, which represents a dramatic increase as Docain moves towards the range between $ 2 and 5 dollars.
Dogecapital mentioned that its goal for the 3rd stage is the parallel red region, which reflects the previous sessions Dogecoin price It reached its climax before the start of a new cycle. He pointed out that as of today, the bottom of this red area is located at $ 26 and is gradually increasing over time due to the nullity of the line. The analyst emphasized that this represents the minimum goal for this session.
At the time of writing this report, the DOGECOIN price is traded by about $ 0.19, a decrease in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Unsplash, Chart from TradingView.com
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