bitcoin
bitcoin

$98351.53 USD 

-0.23%

ethereum
ethereum

$3421.77 USD 

2.41%

tether
tether

$1.00 USD 

-0.02%

solana
solana

$256.62 USD 

-0.64%

bnb
bnb

$668.91 USD 

0.42%

xrp
xrp

$1.47 USD 

-5.00%

dogecoin
dogecoin

$0.437776 USD 

-4.66%

usd-coin
usd-coin

$0.999914 USD 

-0.02%

cardano
cardano

$1.07 USD 

-2.20%

tron
tron

$0.215875 USD 

3.24%

stellar
stellar

$0.591762 USD 

34.08%

avalanche
avalanche

$42.35 USD 

-1.60%

toncoin
toncoin

$6.45 USD 

14.57%

shiba-inu
shiba-inu

$0.000027 USD 

0.52%

polkadot-new
polkadot-new

$9.13 USD 

21.04%

Cryptocurrency News Articles

Dogecoin (DOGE) Price Sees Bi-Monthly Rise To 2020 Levels, What to Expect

Nov 10, 2024 at 01:00 pm

Crypto analyst Trader Tardigrade has highlighted a similarity between the Dogecoin price action and that witnessed in 2020.

Dogecoin (DOGE) Price Sees Bi-Monthly Rise To 2020 Levels, What to Expect

Crypto analyst Trader Tardigrade has highlighted a similarity between the Dogecoin price action and that witnessed in 2020. The analyst further revealed what happened the last time this pattern formed on the Dogecoin chart and what to expect.

Dogecoin Price Sees Bi-Monthly Rise To 2020 Levels

In an X post, Trader Tardigrade revealed that the Dogecoin price bi-monthly RSI (Relative Strength Index) has risen to levels last seen in 2020. The analyst further noted this was happening right before the massive bull run. In line with this, he predicts that the three bi-monthly candles will be huge for Dogecoin.

The analyst’s accompanying chart showed that massive giant candles followed when the Dogecoin price RSI rose to these levels in 2020. This eventually paved the way for Dogecoin to reach its current all-time high (ATH) of $0.73. Interestingly, Trader Tardigrade’s chart showed that the Dogecoin price could rise to as high as $44 this time around.

Such a parabolic move will be possible if the Dogecoin price replicates its gain of over 26,000% in the 2021 bul run. Alongside Trader Tardigrade, some other crypto analysts have also offered ultra-bullish predictions for the Dogecoin price this week.

Crypto analyst Ali Martinez mentioned that the Dogecoin price could rise to as high as $23 in this market cycle. He explained that this could happen if DOGE were to rally to the 1.1618 or even 2.272 Fibonacci levels. The analyst also suggested that the world’s richest man, Elon Musk, could contribute to this price rally.

Crypto analyst Olivier also predicted that the Dogecoin price could rise to as high as $32 in this bull run. The analyst is confident that this parabolic rally could happen since there are predictions that the Bitcoin price can rise to $1 million.

DOGE’s Growth Potential In Comparison To Bitcoin

Crypto analyst Master Kenobi recently analyzed Dogecoin’s price growth potential in comparison to Bitcoin. In an X post, the analyst noted that Bitcoin has already achieved a 5x from the market bottom, while Dogecoin has only managed a 4x so far. He further noted that BTC’s market cap is $1.5 trillion, while DOGE’s is $29 billion, which is a 51x difference between these market caps.

Having made these points, Master Kenobi highlighted the Dogecoin price growth potential. He claimed that Dogecoin’s market cap could increase 10x from this point and rise to $290 billion, which will put DOGE’s price at $2. Meanwhile, he predicts that the Bitcoin price would only 2x from this point, rise to $150,000, and attain a market cap of $3 trillion.

At the time of writing, the Dogecoin price is trading at around $0.2, up over 3% in the last 24 hours, according to data from CoinMarketCap.

News source:bitcoinist.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Nov 24, 2024