Encryption Master Kinobi A detailed analysis of how the DOGECOIN price has decreased to the highest new level (ATH). In his analysis, he alluded to a similar accident that occurred in the 2017 bull race, indicating that the first Mimi currency is ready to reach new levels.
Why should the price of Dogecoin reach a new ATH
in X postMaster Kenobi confirmed that Dogecoin cannot close its highest level ever at $ 0.73. To lead home his point of view, alluded to 2017 Paul Ran When Dog decreased by 84 % after the first stage of the bull race, with this price collapsed over 112 days. The analyst noted that this price collapsed was followed by “a long pump stage of 112 days.”
Meanwhile, in this market round, Master Kenobi indicated that Dogecoin has decreased only 625 after the pump stage, with this price collapsed for 98 days. While it is not certain if Doug arrived at the bottomThe analyst noted that the signals from other plans indicate that the first Mimi currency may have already done so.
If this is the case, the market participants may expect a recovery period of about 98 days, similar to the number of days that the price of Doug took after the first bull stage in this market cycle. Master Kenobi stated that 98 days recovery can be brought Dog to this ATH course At some point in early June, between the second and the fifth.
The planned plan showed that Dogecoin can gather to $ 11 if it reaches the upper boundaries of the emerging canal, the most prominent. Dogecapital also confirmed this recently You can gather Dog To observe the numbers in this market cycle.
Reverse head and shoulders in playing
Encryption Trader tardigrade It also provided an upward look at the Dogecoin price, noting that the back and shoulder head style was playing in every Mimi currency. The associated graph showed that Doug can be prepared for the apostasy because it gathered to about $ 0.24 and targets the level of psychological support of $ 0.30.
In another X Publishing, Trader Tardigrade also indicated that the price of Dogecoin was bound by apostasy. He pointed out that Duji repeatedly reconsidering the previous local peak after each major price movement. The analyst also revealed that Dog is in the last local peak at the present time.
He added that the Mimi currency should spend some time in this range before facing the upper trend. the The next ups in Dogecoin It is expected to be more rewarding, as the accompanying chart shows that Doug can gather to a new ATH in the next stage.
At the time of writing this report, the price of Dogecoin is traded at about $ 0.22, an increase of more than 6 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Istock, Chart from TradingView.com
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