Dogecoin Price Momentum Oscillator Drops To Levels That Triggered Previous 21,000% Rally
Crypto analyst Trader Tardigrade has drawn consideration to a earlier sample that fashioned for the Dogecoin price simply earlier than it recorded 21,000% rally. Based on this, he raised the likelihood that the meme coin could also be making ready for an additional parabolic rally regardless of the current downtrend.
Dogecoin Price Momentum Oscillator Decline Points To Parabolic Rally
In an X post, Trader Tardigrade highlighted the Dogecoin worth weekly chart, whereas noting that the Price Momentum Oscillator (PMO) has dropped to ranges that triggered previous rallies. DOGE notably surged 21,000% between 2015 and 2018 and 800% between 2022 and 2024, when the PMO declined to its present ranges.
As such, the Dogecoin worth may once more report a major surge if historical past repeats itself. The analyst’s accompanying chart confirmed that the meme coin may rally simply above the psychological $1 degree this time round. This will mark a brand new all-time high (ATH) for DOGE, with its present ATH at $0.73.
This bullish Dogecoin worth prediction comes amid a current crypto market decline, with DOGE falling to the $0.10 help degree. Trader Tardigrade suggested that the decline would possibly mark the underside for the main meme coin, as he highlighted an ascending triangle forming on the 4-hour chart.
Crypto analyst Crypto GVR stated that the chart is exhibiting clear indicators of a Dogecoin worth reversal. The analyst predicts that DOGE may rally to between $0.3 and $0.5 in the long run. Meanwhile, crypto analyst Top Gainer noted that the Dogecoin worth is presently in an accumulation zone, which may set off a surge for the main meme coin. He predicts that DOGE may report an enormous breakout, which might ship its worth to $1.
DOGE Could Be Targeting The $0.13 Zone
Crypto analyst Bitcoinsensus indicated that the Dogecoin worth might be concentrating on the $0.13 zone for a breakout. This got here because the analyst famous that DOGE has confirmed a bullish MACD print on the 4-hour timeframe, with the meme coin now rebounding. He added that if this bullish momentum persists within the crypto market, then Dogecoin may goal its final pivot high.
Commenting on the present Dogecoin worth motion, crypto analyst CryptoCeek noted that the temporary drop beneath $0.10 led to a basic panic flush. DOGE could also be trying to rebound, however the analyst warned {that a} rejection on the $0.12 worth degree may result in a deeper crash to $0.08. However, if the meme coin breaks above this degree, then it may rally to $0.16 within the quick time period.
At the time of writing, the Dogecoin worth is buying and selling at round $0.1070, up over 5% within the final 24 hours, in response to data from CoinMarketCap.
