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Dogecoin Price Prediction: Chart Predicts $1+ DOGE – Analyst Says the Bull Run Could Start Any Moment

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DOGE continues its downward decline on Christmas Day as the token has retreated by 1% in the previous 24 hours. However, one analyst sees an explosive transfer forward and shared a bullish Dogecoin price prediction of $1 if historic patterns repeat.

Dogecoin appears headed to shut the 12 months with losses exceeding 60% as the crypto market has shunned well-established meme cash and has largely favored unique tokens like Pippin ($PIPPIN) and MemeCore ($M).

However, dealer Alan Tardigrade noticed an fascinating duplicate of a descending triangle sample that popped up again in 2024, and that led to a spike in the worth of DOGE shortly afterward.

Same as again then, the On-Balance Volume (OBV) technical indicator fell beneath a key space of help after which began to extend quickly after DOGE broke the triangle.

Tardigrade predicts a possible transfer to $1 if this occurs. This is in keeping with the sort of upside potential seen in 2024, when DOGE spiked from $0.10 to $0.45 in a matter of weeks.

Dogecoin Price Prediction: DOGE Could Drop By Another 31% Before the Next Leg Up Commences

Looking at Dogecoin’s chart, there’s nonetheless room for additional draw back earlier than this subsequent leg up unfolds.

dogecoin price chart
Source: TradingVIew

Trading volumes have subsided on Christmas Day as most merchants are away having fun with the holidays. Data from CoinMarketCap exhibits a 25% drop, accounting for 3% of the token’s circulating market cap.

The worth simply broke beneath the $0.13 help, and will now be heading to the $0.09 space. This means a 31% draw back threat in the close to time period.

The Relative Strength Index (RSI) has failed to maneuver above the 14-day transferring common and the mid-line for weeks. This implies that bears are nonetheless in charge of the worth motion as unfavorable momentum readings proceed to be high.

Apart from well-established meme coins like DOGE, a brand new mine-to-earn (M2E) sport known as Pepenode ($PEPENODE) presents a enjoyable, straightforward, and cheap method to mine meme cash.

Pepenode ($PEPENODE) Presale Raises Nearly $2.4M to ‘Gamify’ Mining

Mining cryptocurrencies beforehand required 1000’s of {dollars} invested in costly tools. However, Pepenode ($PEPENODE) is right here to vary that by introducing a enjoyable blockchain-based sport that lets gamers launch mining servers immediately and with out trouble.

pepenode crypto presale

Simply purchase $PEPENODE tokens to launch a digital server and hearth up as many rigs as you need to compete for a prime spot in the leaderboard. The greatest miners take part in getting airdrops of priceless meme cash like Bonk ($BONK) and Fartcoin ($FARTCOIN).

The extra rigs you launch, the greater the rewards you’ll accumulate. In addition, as much as 70% of the tokens used to improve current rigs will likely be burned completely to cut back $PEPENODE’s circulating provide.

To purchase $PEPENODE, merely head to the official Pepenode website and hyperlink up a suitable pockets like Best Wallet.

You can both swap USDT or ETH for this token or use a financial institution card to finish your buy.

Visit the Official Pepenode Website Here

The put up Dogecoin Price Prediction: Chart Predicts $1+ DOGE – Analyst Says the Bull Run Could Start Any Moment appeared first on Cryptonews.

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