Dogecoin Price Prediction: DOGE Tumbles Toward Total Collapse – But is This the Best Buying Opportunity?
A pointy breakdown under Dogecoin’s long-term help trendline is stirring debate over the subsequent main transfer, with Dogecoin price prediction searches surging throughout the house.
Having reached the 1 Fib retracement degree at $0.13, meme coin DOGE now sits at a vital juncture the place a bounce or deeper collapse might outline the coming months.
A decisive shut beneath $0.13 would expose Dogecoin to the deeper 1.618 Fib extension round $0.02, an 85% drop from present costs.
But it might additionally mark the begin of the subsequent bull run, appearing as the launchpad to a deceptively bullish setup famous by well-liked pseudonymous X analyst Trader Tartigrade.
The newest month-to-month candle closed under a year-long ascending trendline, a transfer that has traditionally preceded a “large DOGE season,” not a crash.
Dogecoin Price Prediction: How High Could DOGE Go?
The $0.13 degree additionally aligns with the decrease boundary of a year-long descending triangle, creating a possible breakout setup.
A latest double-bottom reinforces the sample, positioning $0.13 as the base for a transfer to reclaim the 0.618 Fib degree at $0.19 and set up a firmer larger footing.
Momentum indicators now help the concept. The RSI reveals a transparent bullish divergence towards latest worth motion, hinting at underlying power.
The looming MACD demise cross could show short-lived if bullish strain returns.
A clear breakout from the triangle units up a roughly 220% measured transfer towards earlier highs close to $0.50, with a full sample goal of $1, a possible 530% rally.
Though such a transfer possible hinges on supportive market circumstances, reminiscent of a U.S. rate of interest ease in December to stimulate demand for riskier performs like meme cash.
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