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Title: 3 Dogecoin Price Analysis You Cannot Afford to Miss Before Trading DOGE
Dogecoin (DOGE) has been consolidating for a while now, but according to three top analysts, the asset’s price may be near the end of this phase and poised to initiate a new bull cycle. In this article, we’ll dive into the insights provided by Clown WZRD, EWT, and Trader Tardigrade.
The first analyst, Clown WZRD, suggests that DOGE dominance is about to bounce off a long-term support range near 0.65%. This level has historically triggered significant price movements in the past. If this prediction holds true, it could lead to an increase in DOGE’s market share, potentially fueling further growth.
Clown WZRD isn’t the only one who shares this sentiment. EWT, an Elliott Wave analyst, believes that the current correction is a minor pullback before the start of a new impulse wave. This would mean DOGE price could be headed towards $1.12 initially and possibly even higher at $3.17 or $6.80 based on Fibonacci projections.
The short-term target according to EWT is around $0.77, which aligns with previous highs and offers the potential for a 4x return from current levels if their wave count holds up.
Lastly, Trader Tardigrade points out a recurring pattern on DOGE’s monthly chart that could be signaling the beginning of another explosive move. He believes DOGE is currently riding the Gaussian Channel, which has historically preceded massive bull runs in the past. The setup hints at a potential 2,300% rally targeting $4.21.
It seems like these three analysts are in agreement – there’s no denying that their predictions have an uncanny resemblance to each other. It will be interesting to see if DOGE price follows this path and what impact it could have on the crypto market as a whole.
As the asset reaches new heights, one thing is clear: you won’t want to miss these insights before trading DOGE.
Source: coinchapter.com
