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Cryptocurrency analyst Master Kenobi made a bold two-day prediction for the price of Dogecoin, indicating that it will reach a new high. All time high (ATH) In the next two days. The analyst highlighted Dogecoin’s Relative Strength Index (RSI), which he suggested is very bullish for the meme coin at the moment.
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Dogecoin price will reach ATH in 2 days
In X post, Master Kenobi Expect Dogecoin price to reach a new ATH within a couple of days. The analyst stated that Dogecoin’s relative strength chart on the 4-hour frame appears to confirm its fractal setup. Accordingly, he noted that the rally will likely reach $0.85 by November 25, representing a new ATH for the first meme coin.
Some may identify the potential, Mr. Kenobi added Bullish divergence Within the Relative Strength Index chart. This pattern also presents a bullish outlook for the price of Dogecoin, indicating that the meme coin is set to see a bullish reversal towards the upside. This bullish reversal is already happening, as DOGE has successfully broken above $0.4.
It is worth noting that the crypto analyzer Notable Tardigrade Trader Bullish divergence on the 4-hour RSI chart. The analyst noted that this signal indicates a continuation of the upward trend in Dogecoin’s price movement. The accompanying chart showed that DOGE could reach $0.7 in the next phase higher. This will bring the meme coin closer to its ATH of $0.73.
Meanwhile, even if Dogecoin price does not reach a new ATH by November 25, another analysis by Mr. Kibobi shows that it could happen by December 2. The analyst had previously highlighted A 91 day sequencewhich he said Dogecoin is close to being completed and suggested would push the price to $1 by December 2nd.
The next resistance level to watch out for
With the price of Dogecoin successfully exceeding $0.4, Crypto analyst Kevin Capital It provided insight into the next resistance level to pay attention to. In X’s post, he pointed out that Dogecoin breaks the .786 Fib macro level. He added that the next resistance is $0.54, followed by the current ATH of the meme coin at $0.73.
Cryptographic analyzer Javon Marks He also confirmed that a rise to the current ATH for Dogecoin price was on the horizon. In a post on X, he said that Dogecoin is rising towards $0.6533 and could exit this level once it reaches the target. He added that a 52.2% price rise to $0.6533 could happen quickly and that a rise to $1.25 would begin as soon as that happens.
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At the time of writing, Dogecoin price is trading at around $0.46, up more than 16% over the past 24 hours, according to Data From Coin Market Cap.
Featured image from Reddit, chart from TradingView
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