Dogecoin price can prepare for a new ascending wave where the encryption analyst Increased to its highest levels ever. The analyst cited previous shows as a reason for this upscale projection, with a highlight of the work of the previous bulls.
Past dogecoin price to pay over $ 0.73
Javon Marks moved to X (previously Twitter) on February 22 to Involve The bullish prediction of the Dogecoin price. The most prominent analyst Previous offers in the bull market To support his expectations, the prediction that Dog can soon gather above his highest level at $ 0.73905.
In his plan, Marx revealed Dogecoin work During 2016/2017 Bull Run and 2020/2021 Bull Market. In both sessions, Dougi appears to have suffered a rapid price collapse, after a The descending price channel. However, after a long period of monotheism, it recorded a large price rally, which led to the outbreak of ATH to $ 0.00232 in 2018.
During the Taurus 2021 market, Mimi currency witnessed its famous collapse Many of the long -term investors have turned into millions. The price also recorded a large gathering after it appears to take a stagnant price. At the time, Rally Dogecoin has historically to the current ATH of $ 0.73905.
Based on these previous upside trends, Marx believes that Dogcoin may reflect a similar price. The upper meme has recently seen a decrease in its lowest new levels, and it has been united for weeks. By the end of this The period of direction and landing unificationMarx notes that Dogecoin can start the next upward wave, and may rise above the current ATH.
Analysts offer that almost 200 % up to ATH Fresh may be on the horizon of Dogecoin in the event that the price movement is accurately reflected in the past upward trends. Dog's price was facing Volatility Recently, after the outbreak of the previous price to the upward trend. The transition to the new ATH will be a historical moment for Meme in the encryption market, which increases the consolidation of its location as the number one Mimi.
Update on the procedures
Despite the ongoing bullish feelings, the price of Dogecoin is still facing Extremely downward pressure. It was in the red area for weeks. Despite the experience of a large price gathering earlier this year, the Meme currency decreased by approximately 33.1 % last month, according to CoinmarketCap.
The collapse of the huge price was the result of the various declining factors, including Bitcoin decrease less than $ 100,000 And continued weakness, recently Imported definitions In China, Canada and Mexico by the United States (the United States), the broader market, which witnessed the decline in most fatal coins.
It seems that all of these homogeneous factors have paid the price of Dog to $ 0.23, which led to the elimination of a large part of its gains this year. However, while Dogecoin is still down, whales continue to take advantage of the decline More coins accumulate Hope the price is gathered.
Distinctive image from Unsplash, Chart from TradingView.com