The Next Three Candles For The Dogecoin Price Will Be Huge – Here's Why

The Dogecoin price currently boasts a bullish outlook, considering how much it has surged these past few weeks. This Dogecoin price rally looks likely to continue as analyst Trader Tardigrade revealed that DOGE’s RSI (Relative Strength Index) has risen to levels recorded in 2020.

The Dogecoin price has been on a roll these past few weeks, notching up gains that have left many in the crypto community buzzing. Now, as 2023 kicks off, it seems that the Dogefather’s favorite coin could be poised for even more gains.

According to an X post by analyst Trader Tardigrade, the next three candles for Dogecoin will be huge, with the bi-monthly RSI having risen to levels last seen in 2020. Back then, the RSI reached this level just before the massive bull run that eventually led Dogecoin to its current all-time high (ATH).

The analyst’s chart showed that something similar will likely play out this time around, with the Dogecoin price set to reach a new ATH. Interestingly, the analyst’s chart showed that Dogecoin could rise to $44. At its current price, such a rally would represent a 14,567% increase.

Demand for ETFSwap (ETFS) indicates it could rally massively

The demand for the ETFSwap (ETFS) token during its presale indicates that it could enjoy a massive rally as soon as it launches. Investors have already bought up millions of tokens in its ongoing presale, which bodes well for the crypto’s outlook.

This demand for ETFS is thanks to its incredible utility, which positions it as a potential top gainer in this market cycle. ETFSwap (ETFS) is the native token of the ETFSwap platform, which will offer tokenized exchange-traded funds (ETFS).

Investors will be able to access these tokenized ETFs using ETFS, which they will swap for their desired asset. The decentralized finance (DeFi) platform is expected to become the go-to platform for trading these ETFs, another reason why the ETFS token can rally significantly.

The ETFSwap (ETFS) platform will have the upper hand over centralized trading platforms for several reasons. For instance, the DeFi platform’s Know-Your-Customer (KYC) requirements are non-mandatory, which enables investors to start investing quickly.

The platform’s decentralized nature means that investors will now be able to trade these ETFs from anywhere in the world.

Furthermore, ETFSwap will allow investors to trade anonymously as zero-knowledge (ZK) proof technology will be integrated into the platform. These investors will also enjoy 24/7 market coverage and will be able to buy, sell, and trade these ETFs anytime, even after the traditional trading hours.

This will enable investors to benefit from the market gains these ETFs record after trading hours. Investors will enjoy ample liquidity thanks to ETFSwap’s (ETFS) market-making services and can settle their trades instantly with minimal slippage.

It is worth mentioning that the DeFi platform is built on Ethereum, so investors will also have access to the network’s unparalleled liquidity.

The ETFSwap (ETFS) platform also stands out from centralized trading platforms with its ETF perpetuals feature. The platform offers derivative contracts that allow investors to bet on the future prices of these traditional assets without expiration.

Traders can use up to a 50x margin on their initial position when shorting or longing these assets. ETFSwap’s (ETFS) artificial intelligence (AI) powered tools provide investors and traders with the much-needed assistance to execute more successful trades.

These tools analyze several market data and recommend the best ETFs to invest in. This will enable investors to maximize their profits in this bull run.

Conclusion

ETFSwap (ETFS) will gain much attention as investors look to access these offerings on the DeFi platform. This development will ultimately lead to significant price rallies for the ETFSwap token.

You can easily position yourself for these price rallies by buying some of the remaining tokens in the ETFSwap presale at an affordable price of $0.05769 before the bonus round ends.

For More Information On ETFSwap and its presale:

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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.