Cryptographic analyzer Plantz Capital Expect the price of Dogecoin to soon see a “violent” 60% move against Bitcoin. The analyst also revealed what would need to happen for this parabolic rally to occur.
Dogecoin price records 60% move against Bitcoin
in Share XBluntz Capital shared an accompanying chart showing that Dogecoin price could record a 60% move against Bitcoin. He stated that this “violent” upward movement will occur once Dogecoin breaks these three weeks Accumulation trend. The cryptocurrency analyst is confident that the move will eventually happen, as he has reiterated it several times.
The expected 60% rally against Bitcoin will bring the price of Dogecoin close to its current price All time high (ATH) From $0.73. It would also place the #1 meme coin well above the major cryptocurrency in this uptrend. Dogecoin currently boasts year-to-date gains of nearly 400%, while Bitcoin has posted year-to-date gains of 135%.
Cryptocurrency analysts like Master Kenobi and Kevin Capital have predicted that Dogecoin could surpass ATH in its next phase. A rise above the current ATH would be the $1 target on the horizon for DOGE. These analysts recently predicted that the next bull phase could begin soon as the meme coin consolidates for about 25 days, just as it did in the 2021 uptrend after the first phase of the bull rally.
Cryptographic analyzer micpool encryption He also confirmed that Dogecoin’s price rally to $1 is about to begin. In X’s post, he mentioned that DOGE’s larger move to $1 is about to begin. This was an update to a previous post in which he predicted that the first meme coin could pull another divine candle to $1.
Dogecoin price actually pulled off the divine candle between October and November, when it gained more than 200%.
Next week could be huge for DOGE
Cryptographic analyzer Chris Backes He suggested that next week could be huge for Dogecoin price, with a breakout imminent. In a recent analysis, it was stated that Dogecoin on the 2-hour chart has an upward support line for about a month while resistance has been in a downward trend for the past two weeks.
In line with this, the cryptocurrency analyst said that it looks like something will emerge next week, hinting at a Dogecoin price breakout. KrissPax also recently highlighted Ascending triangle on Dogecoin’s two-hour chart, which he claimed showed that DOGE’s outlook remains very bullish. The accompanying analyst chart showed that Dogecoin price could rise to $0.56 in the next bullish phase.
At the time of writing, Dogecoin price is trading at around $0.44, up more than 2% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com
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